Defaulted Lease. Any Lease where the Lease or Leased Property associated therewith fails, at any time, to comply with all of the representations and warranties set forth in Section 5.17 below. Defaulting Lender - Section 2.2(b)(iii)(C). Default Rate - Section 2.5(b).
Appears in 2 contracts
Sources: Loan and Security Agreement (Fidelity Leasing Inc), Loan and Security Agreement (Resource America Inc)
Defaulted Lease. Any Lease where the Lease or Leased Property associated therewith fails, at any time, to comply with all of the representations and warranties set forth in Section 5.17 below. Defaulting Lender - Section 2.2(b)(iii)(C). Default Rate - Section 2.5(b).Distribution -
Appears in 1 contract
Sources: Loan and Security Agreement (Granite Financial Inc)