Common use of No Lease Default Clause in Contracts

No Lease Default. If contesting the validity or amount of any Imposition shall cause a breach of any of the terms, conditions or covenants required to be performed by Grantor as lessor under any Lease, Grantor shall not have the right to contest the same as provided in Section 1.02H, and Grantor shall pay such Imposition pursuant to Section 1.02A.

Appears in 2 contracts

Sources: Deed of Trust (Kilroy Realty, L.P.), Deed of Trust (Trade Street Residential, Inc.)

No Lease Default. If contesting the validity or amount of any Imposition shall cause a breach of any of the terms, conditions or covenants required to be performed by Grantor as lessor under any Lease, Grantor shall not have the right to contest the same as provided in Section 1.02H, and Grantor shall pay such Imposition pursuant to Section 1.02A.1.02A. WCSR 31792892 12 Deed of Trust Loan No. 374-0551

Appears in 1 contract

Sources: Deed of Trust (Trade Street Residential, Inc.)

No Lease Default. If contesting the validity or amount of any Imposition shall cause a breach of any of the terms, conditions or covenants required to be performed by Grantor as lessor under any Lease, Grantor shall not have the right to contest the same as provided in Section 1.02H, and Grantor shall pay such Imposition pursuant to Section 1.02A.1.02A. WCSR 31223371 12 Deed of Trust Loan No. 374-0518

Appears in 1 contract

Sources: Deed of Trust (Trade Street Residential, Inc.)