Common use of Grace Period for Payment Defaults Clause in Contracts

Grace Period for Payment Defaults. No grace period shall be permitted for payment defaults on the Series 2016 Certificates. No grace period for a covenant default shall exceed 30 days without the prior written consent of BAM.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

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Grace Period for Payment Defaults. No grace period shall be permitted for payment defaults on the Series 2016 CertificatesInsured Obligations. No grace period for a covenant default shall exceed 30 days without the prior written consent of BAM.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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