Florida Development Loans Clause Samples

Florida Development Loans. Core FL and Horizons 5 have failed to make payments required pursuant to the Florida Development Loans, all required notices and opportunities to cure have been given and said loans: (i) are in default; (ii) have not been cured; (iii) have been duly accelerated; and (iv) are currently due and payable in full. The principal, interest and other sums currently owed pursuant to the Florida Development Loans is set forth on the attached Schedule 1.01(a).