Claimed Default Clause Samples

Claimed Default. Promptly upon receipt of any notice from, or the taking of any action by, the holder of any Indebtedness of the Borrower or any Guarantor with respect to a claimed default which the Borrower reasonably anticipates may have a Material Adverse Effect, copies of such notice or a report of such action.

Claimed Default. Optimum Technologies, a tenant in the 1800 --------------- Perimeter Park West Development Property has asserted a claim for reimbursement of expenses due to delay in delivery of their space by the Project Partnership. If the partnership, after reviewing the matter, determines in the exercise of commercially reasonable judgement that this tenant is due reimbursement, the contributors agree to reimburse the partnership for funds paid by the

Claimed Default. Land Representations and Warranties.................................. 31 ----------------------------------- EXHIBITS ------------ Exhibit A Legal Descriptions of Land Exhibit B Completed Properties Exhibit C Existing Loans Exhibit D Permitted Exceptions Exhibit E Potential Commission Obligations Exhibit F List of Contributors Exhibit G Schedule of Contribution Values for each Completed Property Exhibit H Intentionally Omitted Exhibit I Inventory of Tangible Personal Property Exhibit J Form of Tenant Estoppel Certificate Exhibit K Transaction Documents Exhibit L Schedule of Ownership Interests Exhibit M Intentionally Omitted Exhibit N Environmental Reports Exhibit O Existing Loan Documents Exhibit P Pending or Threatened Litigation Exhibit Q Engineering Reports Exhibit R Insurance Coverage Exhibit S Schedule of Uncompleted Improvements Exhibit T List of Service Contracts Exhibit U Rent Roll Exhibit V List of Major Tenants CONTRIBUTION AGREEMENT ---------------------- FOR --- COMPLETED PROPERTIES -------------------- THIS CONTRIBUTION AGREEMENT FOR COMPLETED PROPERTIES (this "Agreement") --------- made as of this 31st day of December, 1996, by and among "CONTRIBUTORS" (as hereinafter defined) and WEEKS REALTY, L.P., a Georgia limited partnership authorized to do business in the State of North Carolina as Weeks Realty Limited Partnership (the "Partnership"); -----------