Laserfiche WebLink
98-- sc�4�oo <br /> the Loan)and the Loans therefor will be cross-defaulted and cross-collateralized even if not acquired <br /> at the same time. For properties acquired and the Loans assumed by Sterling House Corporation or <br /> its parent corporation (whichever is to assume the Loan), the provisions of the immediately <br /> preceding paragraph 6 hereof shall no longer be applicable, and the notice and cure periods set forth <br /> in the Superior pocuments shall thereafter apply. <br /> _ (c) Upon any Default or Event of Default, if otherwise permitted by separate <br /> agreements between Borrower and Subordinating Creditor, Subordinating Creditor may elect to <br /> obtain the release of the Facility or Facilities to which the Default or Event of Default relates by <br /> paying or causing to be paid the "Release Price" therefor as calculated in accordance with Exhibit <br /> C attached hereto(including any applicable prepayment premium),provided if one or more Facilities <br /> (or the Loan or Loans thereon)has an outstanding Default or Event of Default other than by virtue <br /> of the cross-default provisions, each such Facility must either be released and the Release Price paid <br /> as provided herein or such Default or Event of Default for any Facility or Facilities not released must <br /> be cured. Lender will in such event waive any requirement that the Facilities be completed and <br /> operating for any specified period. <br /> 8. Agreement B .twpPn R�rr�.�P gnd ���hnrrlinatin rl.tnr <br /> g Cre • . Borrower agrees <br /> � <br /> with Subordinating Creditor as follows (however, the failure of Borrower to observe or comply <br /> with the following shall not affect other provisions of this Agreement): <br /> (a) If any Default or Event of Default occurs under the Superior pocuments, <br /> and is not cured by Borrower within any applicable cure period or grace period applicable to <br /> Borrower, then such Default or Event of Default shall constitute a default by Borrower under its <br /> obligations to Subordinating Creditor. <br /> 4922863 13 <br />