Common use of No Notice Required Clause in Contracts

No Notice Required. If the Borrower with respect to the following provisions shall fail to observe, perform or comply with any term, obligation, covenant, agreement, condition or other provision contained in Sections 5.02, 5.04, 5.07, 5.10, 5.12, 5.13, 5.15, or 5.18 of this Agreement, or any Event of Default occurs under any of the other Borrower Documents.

Appears in 2 contracts

Sources: Loan Agreement (Orig LLC), Loan Agreement (Orig LLC)

No Notice Required. If the Borrower with respect to the following ------------------- provisions shall fail to observe, perform or comply with any term, obligation, covenant, agreement, condition or other provision contained in Sections 5.02, 5.04, 5.07, 5.10, 5.12, 5.13, 5.15, or 5.18 of this Agreement, or any Event of Default occurs under any of the other Borrower Documents.

Appears in 1 contract

Sources: Loan Agreement (NTS Properties Vii LTD/Fl)