Default Condition. The occurrence or existence of an event or condition which, upon the giving of notice or the passage of time, or both, would constitute an Event of Default.
Appears in 5 contracts
Sources: Loan Agreement (Brassie Golf Corp), Loan Agreement (Cedar Shopping Centers Inc), Loan Agreement (Wellsford Real Properties Inc)
Default Condition. The occurrence or existence of an event any Event of Default or the existence of any condition or state of facts which, upon with the giving of notice or the passage of time, or both, would constitute an Event of Default.
Appears in 2 contracts
Sources: Mortgage Consolidation and Modification Agreement (Acadia Realty Trust), Mortgage Consolidation and Modification Agreement (Acadia Realty Trust)