Defaulted Loan. A Borrowing Base Loan with respect to which a material default (other than a payment default) occurs, under such Borrowing Base Loan or related Major Lease that continues unremedied for the applicable grace or cure period under the terms of such Borrowing Base Loan or related Major Lease, as applicable (or, if no grace period is specified, for thirty (30) days).
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Sources: Credit Agreement (NorthStar Healthcare Income, Inc.)
Defaulted Loan. A Borrowing Base Loan with respect to which a material default (other than a payment default) occurs, under such Borrowing Base Loan or related Major Lease lease that continues unremedied for the applicable grace or cure period under the terms of such Borrowing Base Loan or related Major Leaselease, as applicable (or, if no grace period is specified, for thirty (30) days).
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