Common use of Incurable Nonmonetary Default Clause in Contracts

Incurable Nonmonetary Default. An incurable nonmonetary default shall exist upon any of the following: (a) MATERIAL UNTRUTH OR MISREPRESENTATION Mortgagee's discovery that any representation made by the Borrower or by any other Obligor in any Loan Document in connection with the Loan was untrue or misleading in any material respect at the time it was made.

Incurable Nonmonetary Default. An incurable nonmonetary default shall exist upon any of the following: (a) MATERIAL UNTRUTH OR MISREPRESENTATION Material Untruth or Misrepresentation Mortgagee's discovery that any representation made by the Borrower any Mortgagor or by any other Obligor in any Loan Document in connection with the Loan was untrue or misleading in any material respect at the time it was made.