Underlying Loan. Borrower shall have foreclosed upon any Underlying Mortgage or delivered a deed in lieu thereof or such Underlying Loan is a Defaulted Loan and Borrower has failed to deliver to Lender the Allocated Loan Amount pursuant to Section 2.05(b) hereof with respect to such Underlying Loan within two (2) Business Days after such event; or
Appears in 2 contracts
Sources: Loan and Security Agreement (NexPoint Real Estate Finance, Inc.), Loan and Security Agreement (NexPoint Real Estate Finance, Inc.)