Delinquencies and Defaults. All payments due under the terms of the related Bond Documents and Bond Mortgage Documents have been made. Except as described on Schedule D, (i) there have been no delinquencies of 30 days or more since the origination of the Bond Mortgage that have not been cured, (ii) there are no existing material non-monetary defaults under the terms of the Bond Mortgage Documents, and (iii) there have been no material non-monetary defaults since the date of the origination of the Bond Mortgage that remain uncured. The related Bond Mortgage Documents are not cross-defaulted (except to other indebtedness of the Borrower related to the Mortgaged Property), and the related Bond Mortgage is not cross-collateralized with any other transaction except as described on Schedule D.
Appears in 2 contracts
Sources: Reimbursement, Pledge and Security Agreement, Reimbursement, Pledge and Security Agreement (Centerline Holding Co)