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(3) Review the default provisions under the loan agreement (a copy of which can be found in the Project Documents folder) and confirm the following:
(3) Review the default provisions under the loan agreement (a copy of which can be found in the Project Documents folder) and confirm the following:
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Are we in default of the loan terms at this time as a result of the Foozers Grille default letter? If not, will we be in default of the loan terms once the Foozers Grille lease is effectively terminated in 30 days?
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Are we in default of the loan terms at this time as a result of the Darcy, LLC default letter? If not, when might we be in default of the loan terms as a result of the Darcy, LLC dispute?
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