Common use of Default under Lease Clause in Contracts

Default under Lease. The occurrence of a default under the Lease that is not cured within the applicable grace periods set forth in the Lease, shall be a default under this Mortgage.

Appears in 2 contracts

Sources: Note Agreement (Guilford Mills Inc), Credit, Security, Guaranty and Pledge Agreement (Guilford Mills Inc)

Default under Lease. The occurrence of a default under the Lease that is not cured within the applicable grace periods set forth in the Lease, shall be a default under this MortgageDeed of Trust.

Appears in 1 contract

Sources: Note Agreement (Guilford Mills Inc)