Common use of Unmatured Event of Default Clause in Contracts

Unmatured Event of Default. The occurrence of an event which upon its occurrence, or with the giving of notice, the passage of time, or both, would constitute an Event of Default.

Appears in 2 contracts

Sources: Master Lease (Diversicare Healthcare Services, Inc.), Master Lease (Diversicare Healthcare Services, Inc.)

Unmatured Event of Default. The Any happening or occurrence of an event which upon its occurrence, or -------------------------- with the giving of notice, the passage of time, or both, would constitute an Event of Default.

Appears in 1 contract

Sources: Construction Loan Agreement (Saul Centers Inc)