Common use of Failure to Make Payments Clause in Contracts

Failure to Make Payments. Borrower and the REIT shall (i) ------------------------- default in the payment when due of any principal of the Loan, or (ii) default in the payment within five (5) days after the due date of (x) any interest on the Loan or (y) any Fees, Transaction Costs or any other amounts owing hereunder; provided, however, that any interest payable with respect to any delinquent payment shall be calculated at the Default Rate from the date such payment was actually due as if there were no grace period.

Failure to Make Payments. Borrower and or the REIT shall (i) ------------------------- default in the payment when due of any principal of the Loan, or (ii) default in the payment within five (5) days after the due date of (x) any interest on the Loan or (y) any Fees, Transaction Costs or any other amounts owing hereunder; provided, however, that any interest payable with respect to any delinquent payment shall be calculated at the Default Rate from the date such payment was actually due as if there were no grace period.

Failure to Make Payments. Borrower and the REIT shall (i) ------------------------- default in the payment when due of any principal of or interest on the Loan, Loan or (ii) default in the payment within five (5) days after the due date of (x) any interest on the Loan or (y) any Fees, Transaction Costs or any other amounts owing hereunder; provided, however, that any interest payable with respect to any delinquent payment shall be calculated at the Default Rate from the date such payment was actually due as if there were no grace period.

Failure to Make Payments. Borrower and or the REIT shall (i) ------------------------- default in the payment when due of any principal of the Loan, or (ii) default in the payment within five two (52) days after the due date of (x) any interest on the Loan or (y) any Fees, Transaction Costs or any other amounts owing hereunder; provided, however, that any interest payable with respect to any delinquent payment shall be calculated at the Default Rate from the date such payment was actually due as if there were no grace period.

Failure to Make Payments. The Borrower and the REIT shall (i) ------------------------- default in the payment when due of any principal of the any Loan, or (ii) default in the payment within five (5) days after the due date of (x) any interest on the any Loan or (y) any Fees, Transaction Costs fees or any other amounts owing hereunder; provided, however, that any interest payable with respect to any delinquent payment shall be calculated at the Default Rate from the date such payment was actually due as if there were no grace period.

Failure to Make Payments. Borrower and the REIT shall (i) ------------------------- default in the payment when due of any principal of the Loan, Loan or (ii) default in the payment within five (5) days after the due date of (x) any interest on the Loan or (y) any Fees, Transaction Costs or any other amounts owing hereunder; provided, however, that any interest payable with respect to any delinquent payment shall be calculated at the Default Rate from the date such payment was actually due as if there were no grace period.

Failure to Make Payments. Borrower and the REIT shall (i) ------------------------- default in the payment when due of any principal of the Loan, or (ii) default in the payment within five (5) days after the due date of (x) any interest on the Loan or (y) any Fees, Transaction Costs or any other amounts owing hereunder; provided, however, that any interest payable with respect to any delinquent payment shall be calculated at the Default Rate from the date such payment was actually due as if there were no grace period.

Failure to Make Payments. Borrower and the REIT shall (i) ------------------------- default in the payment when due of any principal of the Loan, Loan or (ii) default in the payment within five (5) days after the due date of (x) any interest on the Loan or (y) any Feesfees, Transaction Costs or any other amounts owing hereunder; provided, however, that any interest payable with respect to any delinquent payment shall be calculated at the Default Rate from the date such payment was actually due as if there were no grace period.