DEFAULTS BY BORROWER. The occurrence of any one or more of the following shall constitute an "Event of Default" or a "Default" hereunder, and any Event of Default or Default that may occur hereunder shall constitute a default under each of the other Loan Documents: (a) A failure by Borrower to make any payment on the Note when and as the same becomes due, which failure continues for a period of thirty (30) days. (b) Any failure of Borrower or the Guarantor after any applicable notice and cure period, to observe or perform any of the covenants (other than payment of the Note), contained in this Agreement or any of the other Loan Documents, or an Event of Default shall occur under any of the Loan Documents. (c) The disapproval by Lender of any construction work and failure of Borrower to commence correction thereof to the satisfaction of Lender within fifteen (15) days after notice to Borrower of such disapproval, and thereafter to diligently complete the same. (d) A discontinuance or abandonment of construction for a period of thirty (30) days, or material failure to adhere to the Construction Schedule except to the such discontinuance or abandonment is caused by inclement weather or a force majeure event, in which case the period shall be reasonably extended by Lender. (e) Bankruptcy or insolvency of any contractor or subcontractor and failure of Borrower to diligently procure a replacement contractor or subcontractor satisfactory to Lender. (f) The occurrence of a Prohibited Transfer. (g) The existence of any collusion, fraud, dishonesty or bad faith by or with the acquiescence of Borrower or the Guarantor that in any way relates to or affects the Loan or the Project. (h) If, at any time, any material representation, statement, report or certificate made now or hereafter by Borrower or the Guarantor is not true and correct, or if at any time any material statement or representation made in the construction loan application or any supporting materials submitted to Lender for this Loan is not true and correct. (i) If all or a substantial part of the assets of Borrower or the Guarantor are attached, seized, subjected to a writ or distress warrant, or is levied upon, and such attachment, seizure, writ, warrant or levy is not vacated within thirty (30) days thereafter. (j) If Borrower or the Guarantor is enjoined or restrained or in any way prevented by court order from performing any of their obligations hereunder or under the other Loan Documents or conducting all or a substantial part of their business affairs. (k) If Borrower or the Guarantor shall in the due observance or performance of any of the other covenants, agreements or conditions required to be kept, performed or observed by Borrower or the Guarantor under any other loans with the Lender, and such default is not cured within the applicable grace period, if any, expressly provided for therein; (l) If Borrower or the Guarantor: (i) Shall file a voluntary petition in bankruptcy or for arrangement, reorganization or other relief under any chapter of the federal bankruptcy code of any similar law, state or federal, now or hereafter in effect; (ii) Shall file an answer or other pleading in any proceedings admitting insolvency, bankruptcy, or inability to pay its debts as they mature; (iii) Within sixty (60) days after the filing against it of any involuntary proceedings under the federal bankruptcy code or similar law, state or federal, now or hereafter in effect, such proceedings shall not have been vacated; (iv) Any order appointing a receiver, trustee or liquidator for it or for all or a major part of its property or the Land shall not be vacated within sixty (60) days following entry thereof; (v) Shall be adjudicated a bankrupt; or (vi) Shall make an assignment for the benefit of creditors or shall admit in writing its inability to pay its debts generally as they become due or shall consent to the appointment of a receiver or trustee or liquidator of all or the major part of its property, or the Land. (m) If the Borrower ceases to exist. (n) If a judgment in excess of $$50,000 shall be entered against Borrower or Guarantor and shall not be covered by insurance and shall not be discharged or stayed pending appeal within thirty (30) days of entry. (o) If construction of that portion of the Improvements shall not be completed by the Completion Date.
Appears in 1 contract
DEFAULTS BY BORROWER. The occurrence of any one or more of the following shall constitute an "“Event of Default" or a "Default" ” hereunder, and any Event of Default or Default that which may occur hereunder shall constitute a default an Event of Default under each of the other Loan Documents:
(a) A failure by Borrower to make any payment on the Note when and within ten (10) days as the same becomes duedue or failure to pay any other amount within ten (10) days when due under this Agreement, which failure continues or any other Loan Document, provided that there shall be no grace period for a period of thirty (30) daysthe payment due on the Maturity Date.
(b) Any The failure of Borrower or the Guarantor after any applicable notice and cure period, to observe or perform any of the covenants (other than any payment of on the NoteNote or under this Agreement), contained in this Agreement or any of the other Loan DocumentsDocuments within thirty (30) days after notice from Lender of such failure; provided, that if any such failure concerning a non-monetary default covenant or condition is susceptible to cure and cannot reasonably be cured within said thirty (30) day period, then Borrower shall have an additional thirty (30) day period to cure such failure and no Event of Default shall occur under any be deemed to exist hereunder so long as Borrower commences such cure within the initial thirty (30) day period and diligently and in good faith pursues such cure to completion within such resulting sixty (60) day period from the date of the Loan DocumentsLender’s notice.
(c) The disapproval by Lender of any construction work and failure of Borrower to commence correction thereof to the satisfaction of Lender within fifteen (15) days after notice to Borrower of such disapproval, and thereafter to diligently complete the same.
(d) A discontinuance or abandonment of construction for a period of thirty (30) days, or material failure to adhere to the Construction Schedule except to the such discontinuance or abandonment is caused by inclement weather or a force majeure event, in which case the period shall be reasonably extended by Lender.
(e) Bankruptcy or insolvency of any contractor or subcontractor and failure of Borrower to diligently procure a replacement contractor or subcontractor satisfactory to Lender.
(f) The occurrence of a Prohibited Transfer.
(gd) The existence of any collusion, fraud, dishonesty or bad faith by or with the acquiescence of Borrower or the Guarantor that Borrower, which in any way relates to or affects the Loan or the Project.
(he) If, at any time, any material representation, statement, report or certificate made now or hereafter by Borrower or the any Guarantor is not true and correctcorrect in any material respect, or if at any time any material statement or representation made in the construction loan Loan application or any supporting materials submitted to Lender for this Loan is not true and correct.
(if) If all or a substantial part of the assets of Borrower or the Guarantor are attached, seized, subjected to a writ or distress warrant, or is are levied upon, and such attachment, seizure, writ, warrant or levy the same is not vacated otherwise dismissed or stayed within thirty sixty (3060) days thereafterfrom the date thereof.
(jg) If Borrower or the Guarantor is enjoined or restrained or in any way prevented by court or administrative order from performing any of their its obligations hereunder or under the other Loan Documents or conducting all or a substantial part of their its business affairs, which is not otherwise dismissed or stayed within sixty (60) days after the issuance thereof.
(kh) If Borrower or the Guarantor shall in the due observance or performance of any of the other covenants, agreements or conditions required to be kept, performed or observed by Borrower or the Guarantor under any other loans with the Lender, and such default is not cured within the applicable grace period, if any, expressly provided for therein;
(l) If Borrower or the Guarantor:
(i) Shall file a voluntary petition in bankruptcy or for arrangement, reorganization or other relief under any chapter of the federal bankruptcy code of any similar law, state or federalLaw, now or hereafter in effect;
(ii) Shall file an answer or other pleading in any proceedings admitting insolvency, bankruptcy, or inability to pay its debts as they mature;
(iii) Within sixty (60) days after the The filing against it of any involuntary proceedings under the federal bankruptcy code or similar law, state or federalLaw, now or hereafter in effect, and such proceedings shall not have been vacatedvacated or dismissed within sixty (60) days after the filing thereof;
(iv) Any Have an order issued appointing a receiver, trustee or liquidator for it or for all or a major part of its property or the Land shall not be vacated within Land, and such order continues un-dismissed for a period of sixty (60) days following entry thereofafter such order is entered on the court’s docket;
(v) Shall be adjudicated a bankrupt; or;
(vi) Shall make an assignment for the benefit of creditors or shall admit in writing its inability to pay its debts generally as they become due or shall consent to the appointment of a receiver or trustee or liquidator of all or the major part of its property, or the Land; or
(vii) Shall for any reason cease to exist/or cease operating its business.
(i) One or more final judgments for the payment of money are entered: (i) against Borrower in amounts aggregating in excess of $200,000 or (ii) against any Guarantor in amounts aggregating in excess of $500,000.
(j) If Borrower or any Guarantor shall fail to pay any debt owed by it or is in default under any agreement with Lender or any other party (other than a failure or default for which Borrower’s maximum liability does not exceed $200,000 or Guarantor’s maximum liability does not exceed $500,000) and such failure or default continues after any applicable grace period specified in the instrument or agreement relating thereto.
(k) The occurrence of any other event or circumstance denominated as an Event of Default herein or under any of the other Loan Documents and the expiration of any applicable grace or cure periods, if any, specified for such Event of Default herein or therein, as the case may be.
(l) reserved.
(m) If the Borrower ceases to existLender reasonably determines that a Material Adverse Change has occurred.
(n) If a judgment in excess of $$50,000 shall be entered against Borrower or Guarantor and shall not be covered by insurance and shall not be discharged or stayed pending appeal within thirty (30) days of entryreserved.
(o) If construction Borrower fails to furnish the information in the form and substance required by Section 4.2, above, in the requisite time periods denoted therein, and which is not otherwise delivered to Lender within ten (10) days after Lender’s demand therefor.
(p) The failure of Guarantor to observe or perform any of the covenants contained in the Guaranty or any of the other Loan Documents that Guarantor is a party to.
(q) Any action at law, suit in equity, or other legal proceeding to amend, cancel, revoke or rescind any Loan Document shall be commenced by or on behalf of Borrower, or any other Person bound by any Loan Document, or by any court or any other governmental or regulatory authority or agency of competent jurisdiction; or any court or any other governmental or regulatory authority or agency of competent jurisdiction shall make a determination that, or shall issue a judgment, order, decree, or ruling to the effect that, any one or more of the material covenants, agreements, or obligations of Borrower under any one or more of the Loan Documents are illegal, invalid or unenforceable in accordance with the terms thereof.
(r) The failure at any time of the Mortgage to be a valid first lien upon the Project or any portion thereof, other than as a result of any release or reconveyance of the Mortgage with respect to all or any portion of the Improvements Project pursuant to the terms and conditions of this Agreement.
(s) Borrower fails to pay any Special Assessment on or before the date due and such failure is not cured within any notice and/or grace period.
(t) An event of default occurs under the Cooperative Agreement by Borrower which is not cured within any applicable cure or grace period.
(u) The occurrence of a material default under the Ground Lease, or Project Lease by Borrower, or, except as otherwise permitted herein, the material modification or amendment to the Ground Lease, or Project Lease without the prior written consent of the Lender, which consent shall not be completed unreasonably withheld, conditioned or delayed; or the occurrence of any event which terminates the Ground Lease, or Project Lease other than the exercise by Borrower of its rights to terminate the Completion Datesame.
Appears in 1 contract
Sources: Loan Agreement (Hall of Fame Resort & Entertainment Co)
DEFAULTS BY BORROWER. The occurrence of any one or more of the following shall constitute an "“Event of Default" or a "Default" ” hereunder, and any Event of Default or Default that which may occur hereunder shall constitute a default an Event of Default under each of the other Loan Documents:
(a) A failure by Borrower to make any payment on the Note when and within ten (10) days as the same becomes duedue or failure to pay any other amount when due under this Agreement, which failure continues or any other Loan Document, provided that there shall be no grace period for a period of thirty (30) daysthe payment due on the Maturity Date.
(b) Any The failure of Borrower or the Guarantor after any applicable notice and cure period, to observe or perform any of the covenants (other than any payment of on the NoteNote or under this Agreement), contained in this Agreement or any of the other Loan DocumentsDocuments within thirty (30) days after notice from Lender of such failure; provided, that if any such failure concerning a non-monetary default covenant or condition is susceptible to cure and cannot reasonably be cured within said thirty (30) day period, then Borrower shall have an additional thirty (30) day period to cure such failure and no Event of Default shall occur under any be deemed to exist hereunder so long as ▇▇▇▇▇▇▇▇ commences such cure within the initial thirty (30) day period and diligently and in good faith pursues such cure to completion within such resulting sixty (60) day period from the date of the Loan DocumentsLender’s notice.
(c) The disapproval by Lender of any construction work and failure of Borrower to commence correction thereof to the satisfaction of Lender within fifteen (15) days after notice to Borrower of such disapproval, and thereafter to diligently complete the same.
(d) A discontinuance or abandonment of construction for a period of thirty (30) days, or material failure to adhere to the Construction Schedule except to the such discontinuance or abandonment is caused by inclement weather or a force majeure event, in which case the period shall be reasonably extended by Lender.
(e) Bankruptcy or insolvency of any contractor or subcontractor and failure of Borrower to diligently procure a replacement contractor or subcontractor satisfactory to Lender.
(f) The occurrence of a Prohibited Transfer.
(gd) The existence of any collusion, fraud, dishonesty or bad faith by or with the acquiescence of Borrower or the Guarantor that Borrower, which in any way relates to or affects the Loan or the Project.
(he) If, at any time, any material representation, statement, report or certificate made now or hereafter by Borrower or the any Guarantor is not true and correctcorrect in any material respect, or if at any time any material statement or representation made in the construction loan Loan application or any supporting materials submitted to Lender for this Loan is not true and correct.
(if) If all or a substantial part of the assets of Borrower or the Guarantor are attached, seized, subjected to a writ or distress warrant, or is are levied upon, and such attachment, seizure, writ, warrant or levy the same is not vacated otherwise dismissed or stayed within thirty sixty (3060) days thereafterfrom the date thereof.
(jg) If Borrower or the Guarantor is enjoined or restrained or in any way prevented by court or administrative order from performing any of their its obligations hereunder or under the other Loan Documents or conducting all or a substantial part of their its business affairs, which is not otherwise dismissed or stayed within sixty (60) days after the issuance thereof.
(kh) If Borrower or the Guarantor shall in the due observance or performance of any of the other covenants, agreements or conditions required to be kept, performed or observed by Borrower or the Guarantor under any other loans with the Lender, and such default is not cured within the applicable grace period, if any, expressly provided for therein;
(l) If Borrower or the Guarantor:
(i) Shall file a voluntary petition in bankruptcy or for arrangement, reorganization or other relief under any chapter of the federal bankruptcy code of any similar law, state or federalLaw, now or hereafter in effect;
(ii) Shall file an answer or other pleading in any proceedings admitting insolvency, bankruptcy, or inability to pay its debts as they mature;
(iii) Within sixty (60) days after the The filing against it of any involuntary proceedings under the federal bankruptcy code or similar law, state or federalLaw, now or hereafter in effect, and such proceedings shall not have been vacatedvacated or dismissed within sixty (60) days after the filing thereof;
(iv) Any Have an order issued appointing a receiver, trustee or liquidator for it or for all or a major part of its property or the Land shall not be vacated within Land, and such order continues un-dismissed for a period of sixty (60) days following entry thereofafter such order is entered on the court’s docket;
(v) Shall be adjudicated a bankrupt; or;
(vi) Shall make an assignment for the benefit of creditors or shall admit in writing its inability to pay its debts generally as they become due or shall consent to the appointment of a receiver or trustee or liquidator of all or the major part of its property, or the Land; or
(vii) Shall for any reason cease to exist/or cease operating its business.
(i) One or more final judgments for the payment of money are entered: (i) against Borrower in amounts aggregating in excess of $100,000 or (ii) against any Guarantor in amounts aggregating in excess of $250,000.
(j) If Borrower or any Guarantor shall fail to pay any debt owed by it or is in default under any agreement with Lender or any other party (other than a failure or default for which Borrower’s maximum liability does not exceed $100,000 or Guarantor’s maximum liability does not exceed $250,000) and such failure or default continues after any applicable grace period specified in the instrument or agreement relating thereto.
(k) The occurrence of any other event or circumstance denominated as an Event of Default herein or under any of the other Loan Documents and the expiration of any applicable grace or cure periods, if any, specified for such Event of Default herein or therein, as the case may be.
(l) The death or incapacity of Guarantor, provided that Borrower shall have ninety (90) days to provide Lender with a replacement guarantor which is acceptable to Lender in its sole and absolute discretion.
(m) If the Borrower ceases to existLender reasonably determines that a Material Adverse Change has occurred.
(n) If a judgment in excess The disapproval by ▇▇▇▇▇▇ of $$50,000 shall be entered against any construction work and failure of Borrower or Guarantor and shall not be covered by insurance and shall not be discharged or stayed pending appeal to commence correction thereof to the satisfaction of Lender within thirty (30) days after notice to Borrower of entrysuch disapproval, and thereafter to diligently complete the same.
(o) If Except for Force Majeure, a delay in construction of that portion the Project, or a discontinuance or abandonment of construction, for a continuous period of thirty (30) days, material failure to adhere to the Construction Schedule, or any delay in construction or equipping of the Improvements shall not Project so that the same may not, in the Lender’s judgment, be completed by on or before the Completion Date.
(p) Bankruptcy or insolvency of the General Contractor or any Major Subcontractor and failure of Borrower to diligently procure a replacement General Contractor or Major Subcontractor satisfactory to Lender.
(q) Failure by Borrower to make any Deficiency Capital Injection within the time and in the manner required by Section 7.14 hereof.
(r) The PACE Financing does not close on or before October 14, 2020.
(s) ▇▇▇▇▇▇▇▇ fails to furnish the information in the form and substance required by Section 4.2, above, in the requisite time periods denoted therein, and which is not otherwise delivered to Lender within ten (10) days after ▇▇▇▇▇▇’s demand therefor.
(t) The failure of Guarantor to observe or perform any of the covenants contained in the Guaranty or any of the other Loan Documents that Guarantor is a party to.
(u) Any action at law, suit in equity, or other legal proceeding to amend, cancel, revoke or rescind any Loan Document shall be commenced by or on behalf of Borrower, or any other Person bound by any Loan Document, or by any court or any other governmental or regulatory authority or agency of competent jurisdiction; or any court or any other governmental or regulatory authority or agency of competent jurisdiction shall make a determination that, or shall issue a judgment, order, decree, or ruling to the effect that, any one or more of the material covenants, agreements, or obligations of Borrower under any one or more of the Loan Documents are illegal, invalid or unenforceable in accordance with the terms thereof.
(v) The failure at any time of the Mortgage to be a valid first lien upon the Project or any portion thereof, other than as a result of any release or reconveyance of the Mortgage with respect to all or any portion of the Project pursuant to the terms and conditions of this Agreement.
(w) An event of default occurs under the Newmarket Loan Documents by Borrower which is not cured within any applicable cure or grace period.
(x) An event of default occurs under the City Loan Documents by Borrower which is not cured within any applicable cure or grace period.
(y) An event of default occurs under the Cooperative Agreement by Borrower which is not cured within any applicable cure or grace period.
(z) Borrower defaults under the Franchise Agreement and such default is not cured within any applicable cure or grace period.
(aa) The Franchise Agreement is terminated for any reason, except as otherwise expressly permitted thereunder, or is replaced with a franchise agreement with a national chain franchisor acceptable to Lender as determined in Lender’s sole discretion.
Appears in 1 contract
Sources: Construction Loan Agreement (Hall of Fame Resort & Entertainment Co)
DEFAULTS BY BORROWER. The occurrence of any one or more of the following -------------------- shall constitute an "Event of Default" ":
a. Failure to make any payment when due in accordance with the terms of the Note, the Stock Pledge, this Loan Agreement or a "Default" hereunderany other document executed in connection with the Note, and which failure is not cured within five (5) days after written notice thereof by Lender to Borrower;
b. Failure to perform any Event of Default or Default that may occur hereunder shall constitute a default under each of the other terms, covenants and conditions in the Note, the Stock Pledge, this Loan Documents:Agreement or any other instrument now or hereafter constituting additional security for the Loan and after expiration often (10) days from the giving of notice of such failure by Lender to Borrower without such failure having been cured, unless such failure is of a nature which cannot reasonably be cured within ten (10) days (which determination shall be made by Lender in its sole discretion), in which event, the failure to immediately commence to. cure such failure and thereafter diligently pursue such cure to completion within a reasonable period of time not to exceed, however, twenty (20) days after written notice thereof by Lender to Borrower, it being understood and agreed that Lender may undertake any action permitted under this Loan Agreement or the Stock Pledge, during the foregoing cure period if such action is deemed to be reasonably necessary to protect or preserve any portion of the Pledged Collateral; provided, however, that no notice and opportunity to cure any such failure shall be required if in the sole discretion of Lender the failure is of a nature which cannot be cured;
c. Breach of any warranties or representations made by Borrower to Lender, including without limitation, those representations and warranties contained herein or in the Stock Pledge, which breach is not cured within ten (a10) A days from the giving of notice of such breach by Lender to Borrower, unless such breach is of a nature which cannot reasonably be cured within ten (10) days (which determination shall be made by Lender in its sole discretion), in which event, the failure by Borrower to make any payment on the Note when immediately commence to cure such breach and as the same becomes due, which failure continues for thereafter diligently pursue such cure to completion within a reasonable period of thirty time not to exceed, however, twenty (3020) days.
(b) Any failure of Borrower days after written notice thereof by Lender to Borrower, it begin understood that Lender may undertake any action permitted under this Loan Agreement or the Guarantor after Stock Pledge, during the foregoing cure period if such action is deemed to be reasonably necessary to protect or preserve any applicable portion of the Pledged Collateral; provided, however, that no notice and opportunity to cure periodany such breach shall be required if, in the sole discretion of Lender, the failure is of a nature which cannot be cured;
d. Institution of foreclosure or other proceedings to observe enforce any subordinate security interest or perform other lien or encumbrance of any kind upon the Pledged Collateral or any portion thereof,
e. The occurrence of any of the covenants (other than payment events described in Section 6.7 without Borrower obtaining the prior written consent of the Note), contained in this Agreement or any Lender;
f. The occurrence of the other Loan Documents, or an Event of Default shall occur under the Note, the Stock Pledge, this Loan Agreement or any of the Loan Documents.
(c) The disapproval by Lender of any construction work and failure of Borrower to commence correction thereof to the satisfaction of Lender within fifteen (15) days after notice to Borrower of such disapproval, and thereafter to diligently complete the same.
(d) A discontinuance or abandonment of construction for a period of thirty (30) days, or material failure to adhere to the Construction Schedule except to the such discontinuance or abandonment is caused by inclement weather or a force majeure event, in which case the period shall be reasonably extended by Lender.
(e) Bankruptcy or insolvency of any contractor or subcontractor and failure of Borrower to diligently procure a replacement contractor or subcontractor satisfactory to Lender.
(f) The occurrence of a Prohibited Transfer.
(g) The existence of any collusion, fraud, dishonesty or bad faith by or with the acquiescence of Borrower or the Guarantor that in any way relates to or affects the Loan or the Project.
(h) If, at any time, any material representation, statement, report or certificate made now or hereafter other agreement given by Borrower or the Guarantor is not true and correct, or if at any time any material statement or representation made in the construction loan application or any supporting materials submitted to Lender for this Loan is not true and correct.the purpose of further securing any indebtedness or obligation secured by the Stock Pledge; or
(i) If all or a substantial part of the assets of g. Should Borrower or the Guarantor are attached, seized, subjected to a writ any successors or distress warrant, or is levied upon, and such attachment, seizure, writ, warrant or levy is not vacated within thirty (30) days thereafter.
(j) If Borrower or the Guarantor is enjoined or restrained or in any way prevented by court order from performing any of their obligations hereunder or under the other Loan Documents or conducting all or a substantial part of their business affairs.
(k) If Borrower or the Guarantor shall in the due observance or performance of any of the other covenants, agreements or conditions required to be kept, performed or observed by Borrower or the Guarantor under any other loans with the Lender, and such default is not cured within the applicable grace period, if any, expressly provided for therein;
(l) If Borrower or the Guarantorassigns thereof:
(i) Shall file i. File a voluntary petition in bankruptcy or for arrangement, reorganization or other relief under any chapter of the federal bankruptcy code of Federal Bankruptcy Code or any similar law, state or of federal, whether now or hereafter in effect;existing; or
ii. In any involuntary bankruptcy action commenced against it: (ii1) Shall file an answer or other pleading in any proceedings admitting insolvency, bankruptcy, or inability to pay that it is generally not paying its debts as they mature;
such debts become due, (iii2) Within sixty fail to obtain a dismissal of such action within forty-five (60) days after the filing against it of any involuntary proceedings under the federal bankruptcy code or similar law, state or federal, now or hereafter in effect, such proceedings shall not have been vacated;
(iv) Any order appointing a receiver, trustee or liquidator for it or for all or a major part of its property or the Land shall not be vacated within sixty (60) days following entry thereof;
(v) Shall be adjudicated a bankrupt; or
(vi) Shall make an assignment for the benefit of creditors or shall admit in writing its inability to pay its debts generally as they become due or shall consent to the appointment of a receiver or trustee or liquidator of all or the major part of its property, or the Land.
(m) If the Borrower ceases to exist.
(n) If a judgment in excess of $$50,000 shall be entered against Borrower or Guarantor and shall not be covered by insurance and shall not be discharged or stayed pending appeal within thirty (3045) days of entry.
its commencement, (o3) If construction of that portion convert the action from one chapter of the Improvements shall not Federal Bankruptcy Code to another chapter of the Federal Bankruptcy Code, or (4) be completed by the Completion Date.subject of an order for relief in such bankruptcy action; or
Appears in 1 contract
Sources: Loan Agreement (Yp Net Inc)