Cross-Default with Master Agreement. The occurrence of an Event of Default under the Master Agreement shall constitute an “Event of Default” under this Note, and, accordingly, upon the occurrence of an Event of Default under the Master Agreement, the entire principal amount outstanding hereunder and accrued interest thereon shall at once become due and payable, at the option of the holder hereof.
Appears in 6 contracts
Samples: Master Credit Facility Agreement (Sun Communities Inc), Master Credit Facility Agreement (United Dominion Realty Trust Inc), Master Credit Facility Agreement (Colonial Properties Trust)
Cross-Default with Master Agreement. The occurrence of an Event of Default under the Master Agreement shall constitute an “"Event of Default” " under this Note, and, accordingly, upon the occurrence of an Event of Default under the Master Agreement, the entire principal amount outstanding hereunder and accrued interest thereon shall at once become due and payable, at the option of the holder hereof.
Appears in 2 contracts
Samples: Master Credit Facility Agreement (Bre Properties Inc /Md/), Sun Communities Inc
Cross-Default with Master Agreement. The occurrence of an Event of Default under the Master Agreement shall constitute an “Event of Default” "EVENT OF DEFAULT" under this Note, and, accordingly, upon the occurrence of an Event of Default under the Master Agreement, the entire principal amount outstanding hereunder and accrued interest thereon shall at once become due and payable, at the option of the holder hereof.
Appears in 2 contracts
Samples: Sun Communities Inc, Sun Communities Inc
