Cross-Default Provision. Any default by Grantor in the performance or observance of any covenant or condition hereof shall be deemed a Default under each of the Loan Documents, entitling Administrative Agent, for and on behalf of the Loan Parties, to exercise all or any remedies available to Administrative Agent and the Loan Parties under the terms of any or all Loan Documents, and any Default under any other Loan Document (subject to any applicable grace periods) shall be deemed a Default hereunder, entitling Administrative Agent, for and on behalf of the Loan Parties, to exercise any or all remedies provided for herein.
Appears in 7 contracts
Samples: Assignment of Leases and Rents (Behringer Harvard Opportunity REIT I, Inc.), Assignment of Leases and Rents (Behringer Harvard Opportunity REIT I, Inc.), Leases and Rents (Behringer Harvard Opportunity REIT I, Inc.)
