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<br /> 97- i0�4S°7 �
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<br /> '` .�,. "Material Lease" means (i) any ground lease, (ii) any change in any Lease that ���,,
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<br /> requires the tenant under such Lease to pay a square foota6e rent far any year net of - ,� . .,.R;=
<br /> " tenant concessions for such year (including, without limitation,free rent, bonus rent and : :;;_-='
<br /> tenant improvement allowances) to Trustor in an amount less than the amount such „ . ., .��;.��= -
<br /> tenant���as required to pay to Trustor far the year prior to such change (as determined � '�'°�':'�.`-�"=—_ -_
<br /> by Beneficiary in Beneficiary's reasonable discretion) and (ui) any new Lease for space °'��k�, �
<br /> "" : that require5 the tenant under such Lease to pay a square footage rent for any year net :_.__
<br /> � of tenant concessions for such year (including,without linaitation, free rent,bonus rent .�„��%,.�-'
<br /> - and tenant improvement allowances) to Trustor in an amount less than the amount such .:?�;�..•
<br /> " tenant or the prior tenant of such space was required to pay to 'I'rustor under the prior ��w-
<br /> � Lease for such space or equivalent space(as determined by Beneficiary in Beneficiary's --''_
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<br /> � reasonable discretion). _��?-`�°
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<br /> " one " means ali moneys, cash, rights to deposit or savings accaunts, credit card .,,,,,�;'--
<br /> � receipts, rents or other items of legal tender obtained from or for the use in connection �=r�-�•=.�
<br /> with the ownership or operation of the Facility. �`'��'' �±
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<br />-, �` "Note" has the meaning provided in the recitals to this Deed of Trust. � '��
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<br />" ' � "Other Bor,_ower" means SunWest Properties,N.C.II, Inc., a Delaware •� . ' �
<br /> '�� corporation. �-
<br /> "Owner" means SunWest Properties N.C.,Inc.,a Delaware corporation. • ,,
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<br /> �� "Ownership Interests" means any interests in the Trust held by�vner.
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<br />_'�;;��:t y�;:T.' "�er�mitted Encumbrances" means,with respect to the Facility, collecdvely,(i) the �
<br /> �,=„�,��:��� � Lien created by this Deed of Trust or the other Loan Documcnts of record, �ii) all Liens � __
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<br /> _��"�'t'�"*'" and other matters disclos�d in the appHcable Title Insurance Policy conceming the
<br /> �'�°������ Facility, or any part thereaf(ui) Liens, if any,for Impositions it�posed by any =
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<br /> �`"`"��'�`'_' Governmental Authoriry not yet due or delinquent or Ueing contested in good faith and �_ _
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<br /> � '• '��T by apprapriate proceedings in accordance wlth this Deed of Trust (iv) without limiting
<br /> ''�� � � th� foreg�ing, any a►id all governr,nental, public utiiity a.nd�rivate restrictions, covenants, � -__ -_- _
<br /> " '� ` z� reservations, easementst licenses or other agreements of an immaterial nature wnicn may ``---
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<br /> � be granted by Trustor after the Closing Date and which do not materially and adverse y
<br />��c����� affect(A) the abiliry of Trustor to pay any of its obligatians to any Person as and when =
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<br /> _�q'�;�,-. due, (B) the marketability of title to the Facility, (C)the fair market value of the Facility, __
<br /> �`���'��4"�''"�" or (D) the use or operation of the Facility as of the Closing Date and thereafter. =_
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