Right to Contest. Notwithstanding any other provision of this Section, Mortgagor will not be deemed to be in default solely by reason of Mortgagor’s failure to pay any tax, assessment or similar governmental charge so long as, in Mortgagee’s judgment, each of the following conditions is satisfied:
Appears in 7 contracts
Samples: Management Agreement (GTJ REIT, Inc.), Security Agreement and Fixture Filing (GTJ REIT, Inc.), Mortgage, Security Agreement (KBS Real Estate Investment Trust, Inc.)
Right to Contest. Notwithstanding any other provision of this SectionMortgage, Mortgagor will not be deemed to be in default solely by reason of Mortgagor’s failure to pay comply with any taxapplicable law, assessment rule, regulation or similar governmental charge order so long as, in Mortgagee’s judgment, each of the following conditions is satisfied:
Appears in 6 contracts
Samples: Management Agreement (GTJ REIT, Inc.), Security Agreement and Fixture Filing (GTJ REIT, Inc.), Management Agreement (GTJ REIT, Inc.)
Right to Contest. Notwithstanding any other provision of this Section, Mortgagor will not be deemed to be in default solely by reason of Mortgagor’s Xxxxxxxxx's failure to pay any tax, assessment or similar governmental charge so long as, in Mortgagee’s 's judgment, each of the following conditions is satisfied:
Appears in 2 contracts
Samples: Sonesta International Hotels Corp, Sonesta International Hotels Corp
Right to Contest. Notwithstanding any other provision of this Section, Mortgagor will not be deemed to be in default solely by reason of Mortgagor’s 's failure to pay any tax, assessment or similar governmental charge so long as, in Mortgagee’s 's judgment, each of the following conditions is satisfied:
Appears in 2 contracts
Samples: Open End Mortgage, Security Agreement (Mark Centers Trust), Sonesta International Hotels Corp
Right to Contest. Notwithstanding any other provision of this Section, Mortgagor will not be deemed to be in default solely by reason of Mortgagor’s failure to pay any tax, assessment or similar governmental charge so long as, in Mortgagee’s reasonable judgment, each of the following conditions is satisfied:
Appears in 2 contracts
Samples: Griffin Land & Nurseries Inc, Griffin Land & Nurseries Inc
Right to Contest. Notwithstanding any other provision of this SectionSection 4.4, Mortgagor will not be deemed to be in default solely by reason of Mortgagor’s failure to pay any tax, assessment or similar governmental charge so long as, in Mortgagee’s judgment, each of the following conditions is satisfied:
Appears in 2 contracts
Samples: Mortgage, Security Agreement (Griffin Capital Essential Asset REIT, Inc.), Griffin Capital Essential Asset REIT, Inc.
Right to Contest. Notwithstanding any other provision of this Sectionsection, Mortgagor will not be deemed to be in default solely by reason of Mortgagor’s 's failure to pay any tax, assessment or similar governmental charge Impositions so long as, in Mortgagee’s 's judgment, each of the following conditions is satisfied:
Appears in 1 contract
Samples: Asset Investors Corp
Right to Contest. Notwithstanding any other provision of this Section, Mortgagor will not be deemed to be in default (and no deposit shall be required under SECTION 4.4(b) above) solely by reason of Mortgagor’s 's failure to pay any tax, assessment or similar governmental charge so long as, in Mortgagee’s 's judgment, each of the following conditions is satisfied:
Appears in 1 contract
Samples: BioMed Realty Trust Inc
