Failure to Pay or Perform. If (a) any payment of principal and interest is not paid in full on or before the Payment Date on which such payment is due or if the Exit Fee is not paid in full when required, (b) if unpaid principal, accrued but unpaid interest and all other amounts outstanding under the Loan Documents are not paid in full on or before the Maturity Date or (c) there exists an uncured default under any of the Loan Documents which has been executed by Borrower and/or Guarantor and/or Manager, and such default is not cured within the grace or cure period, if any, provided in any of such Loan Documents.
Appears in 5 contracts
Samples: Emeritus Corp\wa\, Emeritus Corp\wa\, Emeritus Corp\wa\
