Common use of Performance of Other Obligations Clause in Contracts

Performance of Other Obligations. (i) Any covenant, agreement or condition contained in Sections 6.4, 6.23, 6.24 or Article 7 is not fully and timely performed, observed or kept, (ii) any covenant, agreement or condition contained in Article 4 or Sections 6.6, 6.9, 6.11, 6.12, 6.13, 6.16, 6.17, 6.25, 6.27, or 6.28 is not fully and timely performed, observed or kept, and remains so for a period of thirty (30) days after written notice to the Borrower, or (iii) any covenant, agreement or condition contained herein (other than covenants contained in subsections (i) or (ii) of this paragraph or otherwise addressed in another paragraph of this Section) is not fully and timely performed, observed or kept, and remains so for a reasonable period of time (not to exceed sixty (60) days) if the Borrower has commenced and is diligently pursuing such cure; or

Appears in 2 contracts

Sources: Construction Loan Agreement, Construction Loan Agreement (Global Growth Trust, Inc.)

Performance of Other Obligations. (i) Any covenant, agreement or condition contained in Sections 6.4, 6.23, 6.24 6.24, 6.31, 6.32 or Article 7 is not fully and timely performed, observed or kept, (ii) any covenant, agreement or condition contained in Article 4 or Sections 6.6, 6.9, 6.11, 6.12, 6.13, 6.16, 6.17, 6.256.26, 6.276.28, or 6.28 6.29 is not fully and timely performed, observed or kept, and remains so for a period of thirty (30) days after written notice to the Borrower, or (iii) any covenant, agreement or condition contained herein (other than covenants contained in subsections (i) or (ii) of this paragraph or otherwise addressed in another paragraph of this Section) is not fully and timely performed, observed or kept, and remains so for a reasonable period of time (not to exceed sixty (60) days) if the Borrower has commenced and is diligently pursuing such cure; or

Appears in 1 contract

Sources: Construction Loan Agreement (Global Growth Trust, Inc.)