Common use of No Default Upon Release Clause in Contracts

No Default Upon Release. No Default shall exist under this Agreement or the other Loan Documents after giving effect to the release of the UAP Property, except for any Default which is cured or remedied by the removal of such Individual Property from being a UAP Property.

Appears in 2 contracts

Sources: Credit Agreement (Griffin Capital Essential Asset REIT, Inc.), Credit Agreement (Griffin Capital Essential Asset REIT, Inc.)