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16. Reconveyance. If Borrower shall satisfy all of the Obligations, Lenders shall execute and deliver to Trustee a request for reconveyance, and Trustee shall reconvey the Property, without warranty and without charge to the person or persons legally entitled thereto. In the event that Lenders shall deem it necessary to release a portion of the Property in accordance with the Loan Agreement, and after all conditions related thereto have been satisfied at the Lenders' sole and absolute discretion, Lenders shall execute and deliver a request for a partial reconveyance of such portion of the Property, and Trustee shall partially reconvey such portion of the property, without warranty and without charge to the person or persons legally entitled thereto. Any and all fees and expenses incurred by Lenders or Trustee in connection with any and all requests and reconveyances shall be paid by Borrower upon demand. 17. Default. Each of the following shall constitute an event of default (an "Event of Default ") under this Deed of Trust: 892675/5/COLUMBUS 065439.00076 2013 a. Default on Obligations. The failure of Borrower to pay any of the Obligations as and when the same are due, subject to any applicable notice and/or cure period in the Loan Documents. b. Other Defaults. The failure of Borrower to comply with or perform its obligations under any term, obligation, covenant or condition contained in this Deed of Trust, the Notes or in any of the Loan Documents, or in any other agreement between Borrower and Lenders, subject to any applicable notice and/or cure periods provided therein. c. Violation of Prohibited Transfer. The violation of Section 22 prohibiting transfers of the Property. d. False Statements. Should any warranty, representation or statement made or furnished to Lenders by or on behalf of Borrower under this Deed of Trust, the Notes or the Loan Documents or otherwise in connection with the loan evidenced thereby, be or become false or misleading in any material respect. e. Bankruptcy., Insolvency. Should Borrower file a voluntary petition in bankruptcy or shall be adjudicated bankrupt or insolvent, or file any petition or answer seeking or acquiescing in any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief for itself under any present or future bankruptcy , insolvency or other laws providing or relating to relief for debtors; or should Borrower seek or consent to or acquiesce in the appointment of any trustee, receiver or liquidator of Borrower or of all or any part of the Property, or of any or all of the Rents, or make any general assignment for the benefit of creditors, or admit in writing its inability to pay its debts generally as they become due. f. Entry of Order. Should any court of competent jurisdiction enter an order, judgment or decree approving a petition filed against Borrower seeking any reorganization, dissolution or similar relief under any present or future federal, state or other statute, law or regulation relating to Bankruptcy , insolvency or other relief' for debtors, which order, judgment 12