A set of Standard Clauses used in commercial real estate loan transactions. These Standard Clauses set out the events that trigger a loan default, allowing the lender to pursue its available remedies, including foreclosure. These Standard Clauses also discuss how the occurrence of some events of default may lead to full or partial recourse liability for the borrower and its guarantors and indemnitors. These Standard Clauses contain integrated notes with important explanations and drafting and negotiating tips for both borrowers and lenders. While loan agreements are generally governed by state law, this jurisdictionally-neutral template is useful in every state.