Borrower's Failure to Pay. The Borrower's failure to pay any installment payment of principal, interest, the Servicing Fee or any other payment as the same becomes due under the Note and such failure continues for ten (10) days after written notice by City to Borrower and Limited Partner.
Appears in 12 contracts
Sources: Construction/Permanent Second Deed of Trust Loan Agreement, Construction/Permanent Second Deed of Trust Loan Agreement, Construction Loan Agreement
Borrower's Failure to Pay. The Borrower's failure to pay any installment payment of principal, interest, the Servicing Fee interest or any other payment as the same becomes due under the Note and such failure continues for ten (10) days after written notice by City to Borrower and Investor Limited Partner.
Appears in 3 contracts
Sources: Construction Loan Agreement, Construction Loan Agreement, Construction Loan Agreement