Additional Reporting Requirements Upon Request. Borrower will furnish to Lender each of the following: (i) Upon Lender’s request, in Lender’s sole and absolute discretion prior to a Securitization, and thereafter upon Lender’s request in Lender’s Discretion, a monthly Rent Schedule and a monthly statement of income and expenses for Borrower, in each case within 25 days after the end of each month. (ii) Upon Lender’s request in Lender’s sole and absolute discretion prior to a Securitization, and thereafter upon Lender’s request in Lender’s Discretion, within 10 days after such a request from Lender, each of the following: (A) A statement that identifies all Managers and owners of any direct interest in Borrower and any Designated Entity for Transfers and the interest held by each (unless Borrower or any Designated Entity for Transfers is a publicly-traded entity, in which case such statement of ownership will not be required), and if Borrower or a Designated Entity for Transfers is a corporation, then all officers and directors of Borrower and the Designated Entity for Transfers. (B) To the extent not included in the statement provided under Section 6.07(c)(ii)(A), a statement that identifies (1) all Persons with a collective equity interest (whether direct or indirect) of 25% or more in Borrower, and (2) all Non-U.S. Equity Holders. (iii) Upon Lender’s request in Lender’s Discretion, such other financial information or property management information (including information on tenants under Leases to the extent such information is available to Borrower, copies of bank account statements from financial institutions where funds owned or controlled by Borrower are maintained, and an accounting of security deposits) as may be required by Lender from time to time, in each case within 30 days after such request. (iv) Upon Lender’s request in Lender’s Discretion, a monthly property management report for the Mortgaged Property, showing the number of inquiries made and rental applications received from tenants or prospective tenants and deposits received from tenants and any other information requested by Lender within 30 days after such request. However, Lender will not require the foregoing more frequently than quarterly except when there has been an Event of Default and such Event of Default is continuing, in which case Lender may require Borrower to furnish the foregoing more frequently.
Appears in 8 contracts
Samples: Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)
Additional Reporting Requirements Upon Request. Borrower will furnish to Funding Lender each of the following:
(i) Upon LenderFunding Xxxxxx’s request, in LenderFunding Xxxxxx’s sole and absolute discretion prior to a Securitization, and thereafter upon LenderFunding Xxxxxx’s request in LenderFunding Xxxxxx’s Discretion, a monthly Rent Schedule and a monthly statement of income and expenses for Borrower, in each case within 25 days after the end of each month.
(ii) Upon LenderFunding Xxxxxx’s request in LenderFunding Xxxxxx’s sole and absolute discretion prior to a Securitization, and thereafter upon LenderFunding Xxxxxx’s request in LenderFunding Xxxxxx’s Discretion, within 10 days after such a request from Funding Lender, each of an organizational chart that identifies all the following:
(A) A statement Persons that identifies all Managers and owners of any direct interest in directly or indirectly Control Borrower and any Designated Entity for Transfers and the interest held by each (unless Borrower or any Designated Entity for Transfers is a publicly-traded entity, in which case such statement of ownership will not be required), and if Borrower or a Designated Entity for Transfers is a corporation, then all officers and directors of Borrower and the Designated Entity for Transferseach.
(B) To the extent not included in the statement provided under Section 6.07(c)(ii)(A), a statement that identifies (1) all Persons with a collective equity interest (whether direct or indirect) of 25% or more in Borrower, and Borrower if not already identified pursuant to Section 6.07(c)(ii)(A).
(2C) all All Non-U.S. Equity Holders. If any Designated Entity for Transfers is a Public Company, the organizational chart will not be required to show the ownership of such Public Company, unless such Public Company exercises control over the purchase and sale of its publicly traded equity securities to a particular Person or shareholder.
(iii) Upon LenderFunding Xxxxxx’s request in Funding Lender’s Discretion, such other financial information or property management information (including information on tenants under Leases to the extent such information is available to Borrower, copies of bank account statements from financial institutions where funds owned or controlled by Borrower are maintained, and an accounting of security deposits) as may be required by Funding Lender from time to time, in each case within 30 days after such request.
(iv) Upon LenderFunding Xxxxxx’s request in LenderFunding Xxxxxx’s Discretion, a monthly property management report for the Mortgaged Property, showing the number of inquiries made and rental applications received from tenants or prospective tenants and deposits received from tenants and any other information requested by Funding Lender within 30 days after such request. However, Funding Lender will not require the foregoing more frequently than quarterly except when there has been an Event of Default and such Event of Default is continuing, in which case Funding Lender may require Borrower to furnish the foregoing more frequently.
(v) Upon Funding Xxxxxx’s request in Funding Lender’s Discretion, the results of any assessment or inspection of the property condition of the Mortgaged Property that has been conducted by, on behalf of, or at the direction of, any Governmental Authority, including copies of any related report, assessment, or other written information that has been either (A) prepared by, on behalf of, or at the direction of any Governmental Authority, to the extent Borrower has received a copy or has the right to request a copy, or (B) furnished by or on behalf of Borrower to any Governmental Authority.
Appears in 2 contracts
Samples: Continuing Covenant Agreement, Continuing Covenant Agreement
Additional Reporting Requirements Upon Request. Borrower will furnish to Funding Lender each of the following:
(i) Upon Funding Lender’s request, in Funding Lender’s sole and absolute discretion prior to a Securitization, and thereafter upon Funding Lender’s request in Funding Lender’s Discretion, a monthly Rent Schedule and a monthly statement of income and expenses for Borrower, in each case within 25 days after the end of each month.
(ii) Upon Funding Lender’s request in Funding Lender’s sole and absolute discretion prior to a Securitization, and thereafter upon Funding Lender’s request in Funding Lender’s Discretion, within 10 days after such a request from Funding Lender, each an organizational chart that identifies all of the following:
(A) A statement Persons that identifies all Managers and owners of any direct interest in directly or indirectly Control Borrower and any Designated Entity for Transfers and the interest held by each (unless Borrower or any Designated Entity for Transfers is a publicly-traded entity, in which case such statement of ownership will not be required), and if Borrower or a Designated Entity for Transfers is a corporation, then all officers and directors of Borrower and the Designated Entity for Transferseach.
(B) To the extent not included in the statement provided under Section 6.07(c)(ii)(A), a statement that identifies (1) all Persons with a collective equity interest (whether direct or indirect) of 25% or more in Borrower, and Borrower if not already identified pursuant to Section 6.07(c)(ii)(A).
(2C) all All Non-U.S. Equity Holders. If any Designated Entity for Transfers is a Public Company, the organizational chart will not be required to show the ownership of such Public Company.
(iii) Upon Funding Lender’s request in Funding Lender’s Discretion, such other financial information or property management information (including information on tenants under Leases to the extent such information is available to Borrower, copies of bank account statements from financial institutions where funds owned or controlled by Borrower are maintained, and an accounting of security deposits) as may be required by Funding Lender from time to time, in each case within 30 days after such request.
(iv) Upon Funding Lender’s request in Funding Lender’s Discretion, a monthly property management report for the Mortgaged Property, showing the number of inquiries made and rental applications received from tenants or prospective tenants and deposits received from tenants and any other information requested by Funding Lender within 30 days after such request. However, Funding Lender will not require the foregoing more frequently than quarterly except when there has been an Event of Default and such Event of Default is continuing, in which case Funding Lender may require Borrower to furnish the foregoing more frequently.
Appears in 2 contracts
Samples: Continuing Covenant Agreement, Continuing Covenant Agreement
Additional Reporting Requirements Upon Request. Borrower will furnish to Lender each of the following:
(i) Upon LenderXxxxxx’s request, in LenderXxxxxx’s sole and absolute discretion prior to a Securitization, and thereafter upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, a monthly Rent Schedule and a monthly statement of income and expenses for Borrower, in each case within 25 days after the end of each month.
(ii) Upon LenderXxxxxx’s request in LenderXxxxxx’s sole and absolute discretion prior to a Securitization, and thereafter upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, within 10 days after such a request from LenderXxxxxx, each of an organizational chart that identifies all the following:
(A) A statement Persons that identifies all Managers and owners of any direct interest in directly or indirectly Control Borrower and any Designated Entity for Transfers and the interest held by each (unless Borrower or any Designated Entity for Transfers is a publicly-traded entity, in which case such statement of ownership will not be required), and if Borrower or a Designated Entity for Transfers is a corporation, then all officers and directors of Borrower and the Designated Entity for Transferseach.
(B) To the extent not included in the statement provided under Section 6.07(c)(ii)(A), a statement that identifies (1) all Persons with a collective equity interest (whether direct or indirect) of 25% or more in Borrower, and Borrower if not already identified pursuant to Section 6.07(c)(ii)(A).
(2C) all All Non-U.S. Equity Holders. If any Designated Entity for Transfers is a Public Company, the organizational chart will not be required to show the ownership of such Public Company, unless such Public Company exercises control over the purchase and sale of its publicly traded equity securities to a particular Person or shareholder.
(iii) Upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, such other financial information or property management information (including information on tenants under Leases to the extent such information is available to Borrower, copies of bank account statements from financial institutions where funds owned or controlled by Borrower are maintained, and an accounting of security deposits) as may be required by Lender from time to time, in each case within 30 days after such request.
(iv) Upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, a monthly property management report for the Mortgaged Property, showing the number of inquiries made and rental applications received from tenants or prospective tenants and deposits received from tenants and any other information requested by Lender within 30 days after such request. However, Lender will not require the foregoing more frequently than quarterly except when there has been an Event of Default and such Event of Default is continuing, in which case Lender may require Borrower to furnish the foregoing more frequently.
Appears in 2 contracts
Samples: Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement
Additional Reporting Requirements Upon Request. Borrower will furnish to Lender each of the following:
(i) Upon LenderXxxxxx’s request, in LenderXxxxxx’s sole and absolute discretion prior to a Securitization, and thereafter upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, a monthly Rent Schedule and a monthly statement of income and expenses for Borrower, in each case within 25 days after the end of each month.
(ii) Upon LenderXxxxxx’s request in LenderXxxxxx’s sole and absolute discretion prior to a Securitization, and thereafter upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, within 10 days after such a request from LenderXxxxxx, each of the following:
(A) A statement that identifies all Managers and owners of any direct interest in Borrower and any Designated Entity for Transfers and the interest held by each (unless Borrower or any Designated Entity for Transfers is a publicly-traded entity, in which case such statement of ownership will not be required), and if Borrower or a Designated Entity for Transfers is a corporation, then all officers and directors of Borrower and the Designated Entity for Transfers.
(B) To the extent not included in the statement provided under Section 6.07(c)(ii)(A), a statement that identifies (1) all Persons with a collective equity interest (whether direct or indirect) of 25% or more in Borrower, and (2) all Non-U.S. Equity Holders.
(iii) Upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, such other financial information or property management information (including information on tenants under Leases to the extent such information is available to Borrower, copies of bank account statements from financial institutions where funds owned or controlled by Borrower are maintained, and an accounting of security deposits) as may be required by Lender from time to time, in each case within 30 days after such request.
(iv) Upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, a monthly property management report for the Mortgaged Property, showing the number of inquiries made and rental applications received from tenants or prospective tenants and deposits received from tenants and any other information requested by Lender within 30 days after such request. However, Lender will not require the foregoing more frequently than quarterly except when there has been an Event of Default and such Event of Default is continuing, in which case Lender may require Borrower to furnish the foregoing more frequently.
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)
Additional Reporting Requirements Upon Request. Borrower will furnish to Lender each of the following:
(i) Upon LenderXxxxxx’s request, in LenderXxxxxx’s sole and absolute discretion prior to a Securitization, and thereafter upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, a monthly Rent Schedule and a monthly statement of income and expenses for Borrower’s operation of the Mortgaged Property, in each case within 25 days after the end of each month.
(ii) Upon LenderXxxxxx’s request in LenderXxxxxx’s sole and absolute discretion prior to a Securitization, and thereafter upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, within 10 days after such a request from LenderXxxxxx, each an organizational chart that identifies all of the following:
(A) A statement Persons that identifies all Managers and owners of any direct interest in directly or indirectly Control Borrower and any Designated Entity for Transfers and the interest held by each (unless Borrower or any Designated Entity for Transfers is a publicly-traded entity, in which case such statement of ownership will not be required), and if Borrower or a Designated Entity for Transfers is a corporation, then all officers and directors of Borrower and the Designated Entity for Transferseach.
(B) To the extent not included in the statement provided under Section 6.07(c)(ii)(A), a statement that identifies (1) all Persons with a collective equity interest (whether direct or indirect) of 25% or more in Borrower, and Borrower if not already identified pursuant to Section 6.07(c)(ii)(A).
(2C) all All Non-U.S. Equity Holders. If any Designated Entity for Transfers is a Public Company, the organizational chart will not be required to show the ownership of such Public Company, unless such Public Company exercises control over the purchase and sale of its publicly traded equity securities to a particular Person or shareholder.
(iii) Upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, such other financial information or property management information (including information on tenants under Leases to the extent such information is available to Borrower, copies of bank account statements from financial institutions where funds owned or controlled by Borrower are maintained, and an accounting of security deposits) as may be required by Lender from time to time, in each case within 30 days after such request.
(iv) Upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, a monthly property management report for the Mortgaged Property, showing the number of inquiries made and rental applications received from tenants or prospective tenants and deposits received from tenants and any other information requested by Lender within 30 days after such request. However, Lender will not require the foregoing more frequently than quarterly except when there has been an Event of Default and such Event of Default is continuing, in which case Lender may require Borrower to furnish the foregoing more frequently.
Appears in 1 contract
Samples: Loan Agreement
Additional Reporting Requirements Upon Request. Borrower will furnish to Lender each of the following:
(i) Upon Lender’s request, in Lender’s sole and absolute discretion prior to a Securitization, and thereafter upon Lender’s request in Lender’s Discretion, a monthly Rent Schedule and a monthly statement of income and expenses for Borrower, in each case within 25 days after the end of each month.
(ii) Upon Lender’s request in Lender’s sole and absolute discretion prior to a Securitization, and thereafter upon Lender’s request in Lender’s Discretion, within 10 days after such a request from Lender, each an organizational chart that identifies all of the following:
(A) A statement Persons that identifies all Managers and owners of any direct interest in directly or indirectly Control Borrower and any Designated Entity for Transfers and the interest held by each (unless Borrower or any Designated Entity for Transfers is a publicly-traded entity, in which case such statement of ownership will not be required), and if Borrower or a Designated Entity for Transfers is a corporation, then all officers and directors of Borrower and the Designated Entity for Transferseach.
(B) To the extent not included in the statement provided under Section 6.07(c)(ii)(A), a statement that identifies (1) all Persons with a collective equity interest (whether direct or indirect) of 25% or more in Borrower, and Borrower if not already identified pursuant to Section 6.07(c)(ii)(A).
(2C) all All Non-U.S. Equity Holders. If any Designated Entity for Transfers is a Public Company, the organizational chart will not be required to show the ownership of such Public Company.
(iii) Upon Lender’s request in Lender’s Discretion, such other financial information or property management information (including information on tenants under Leases to the extent such information is available to Borrower, copies of bank account statements from financial institutions where funds owned or controlled by Borrower are maintained, and an accounting of security deposits) as may be required by Lender from time to time, in each case within 30 days after such request.
(iv) Upon Lender’s request in Lender’s Discretion, a monthly property management report for the Mortgaged Property, showing the number of inquiries made and rental applications received from tenants or prospective tenants and deposits received from tenants and any other information requested by Lender within 30 days after such request. However, Lender will not require the foregoing more frequently than quarterly except when there has been an Event of Default and such Event of Default is continuing, in which case Lender may require Borrower to furnish the foregoing more frequently.
Appears in 1 contract
Additional Reporting Requirements Upon Request. Borrower will furnish to Funding Lender each of the following:
(i) Upon LenderFunding Xxxxxx’s request, in LenderFunding Xxxxxx’s sole and absolute discretion prior to a Securitization, and thereafter upon LenderFunding Xxxxxx’s request in LenderFunding Xxxxxx’s Discretion, a monthly Rent Schedule and a monthly statement of income and expenses for Borrower, in each case within 25 days after the end of each month.
(ii) Upon LenderFunding Xxxxxx’s request in LenderFunding Xxxxxx’s sole and absolute discretion prior to a Securitization, and thereafter upon LenderFunding Xxxxxx’s request in LenderFunding Xxxxxx’s Discretion, within 10 days after such a request from Funding Lender, each an organizational chart that identifies all of the following:
(A) A statement Persons that identifies all Managers and owners of any direct interest in directly or indirectly Control Borrower and any Designated Entity for Transfers and the interest held by each (unless Borrower or any Designated Entity for Transfers is a publicly-traded entity, in which case such statement of ownership will not be required), and if Borrower or a Designated Entity for Transfers is a corporation, then all officers and directors of Borrower and the Designated Entity for Transferseach.
(B) To the extent not included in the statement provided under Section 6.07(c)(ii)(A), a statement that identifies (1) all Persons with a collective equity interest (whether direct or indirect) of 25% or more in Borrower, and Borrower if not already identified pursuant to Section 6.07(c)(ii)(A).
(2C) all All Non-U.S. Equity Holders. If any Designated Entity for Transfers is a Public Company, the organizational chart will not be required to show the ownership of such Public Company, unless such Public Company exercises control over the purchase and sale of its publicly traded equity securities to a particular Person or shareholder.
(iii) Upon LenderFunding Xxxxxx’s request in Funding Lender’s Discretion, such other financial information or property management information (including information on tenants under Leases to the extent such information is available to Borrower, copies of bank account statements from financial institutions where funds owned or controlled by Borrower are maintained, and an accounting of security deposits) as may be required by Funding Lender from time to time, in each case within 30 days after such request.
(iv) Upon LenderFunding Xxxxxx’s request in LenderFunding Xxxxxx’s Discretion, a monthly property management report for the Mortgaged Property, showing the number of inquiries made and rental applications received from tenants or prospective tenants and deposits received from tenants and any other information requested by Funding Lender within 30 days after such request. However, Funding Lender will not require the foregoing more frequently than quarterly except when there has been an Event of Default and such Event of Default is continuing, in which case Funding Lender may require Borrower to furnish the foregoing more frequently.
Appears in 1 contract
Samples: Continuing Covenant Agreement
Additional Reporting Requirements Upon Request. Borrower will furnish to Lender each of the following:
(i) Upon LenderXxxxxx’s request, in LenderXxxxxx’s sole and absolute discretion prior to a Securitization, and thereafter upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, a monthly Rent Schedule and a monthly statement of income and expenses for Borrower, in each case within 25 days after the end of each month.
(ii) Upon LenderXxxxxx’s request in LenderXxxxxx’s sole and absolute discretion prior to a Securitization, and thereafter upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, within 10 days after such a request from LenderXxxxxx, each an organizational chart that identifies all of the following:
(A) A statement Persons that identifies all Managers and owners of any direct interest in directly or indirectly Control Borrower and any Designated Entity for Transfers and the interest held by each (unless Borrower or any Designated Entity for Transfers is a publicly-traded entity, in which case such statement of ownership will not be required), and if Borrower or a Designated Entity for Transfers is a corporation, then all officers and directors of Borrower and the Designated Entity for Transferseach.
(B) To the extent not included in the statement provided under Section 6.07(c)(ii)(A), a statement that identifies (1) all Persons with a collective equity interest (whether direct or indirect) of 25% or more in Borrower, and Borrower if not already identified pursuant to Section 6.07(c)(ii)(A).
(2C) all All Non-U.S. Equity Holders. If any Designated Entity for Transfers is a Public Company, the organizational chart will not be required to show the ownership of such Public Company.
(iii) Upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, such other financial information or property management information (including information on tenants under Leases to the extent such information is available to Borrower, copies of bank account statements from financial institutions where funds owned or controlled by Borrower are maintained, and an accounting of security deposits) as may be required by Lender from time to time, in each case within 30 days after such request.
(iv) Upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, a monthly property management report for the Mortgaged Property, showing the number of inquiries made and rental applications received from tenants or prospective tenants and deposits received from tenants and any other information requested by Lender within 30 days after such request. However, Lender will not require the foregoing more frequently than quarterly except when there has been an Event of Default and such Event of Default is continuing, in which case Lender may require Borrower to furnish the foregoing more frequently.
Appears in 1 contract
Additional Reporting Requirements Upon Request. Borrower will furnish to Lender each of the following:
(i) Upon Lender’s request, in Lender’s sole and absolute discretion prior to a Securitization, and thereafter upon Lender’s request in Lender’s Discretion, a monthly Rent Schedule and a monthly statement of income and expenses for Borrower, in each case within 25 days after the end of each month.
(ii) Upon Lender’s request in Lender’s sole and absolute discretion prior to a Securitization, and thereafter upon Lender’s request in Lender’s (Park at Kensington) Discretion, within 10 days after such a request from Lender, each of the following:
(A) A statement that identifies all Managers and owners of any direct interest in Borrower and any Designated Entity for Transfers and the interest held by each (unless Borrower or any Designated Entity for Transfers is a publicly-traded entity, in which case such statement of ownership will not be required), and if Borrower or a Designated Entity for Transfers is a corporation, then all officers and directors of Borrower and the Designated Entity for Transfers.
(B) To the extent not included in the statement provided under Section 6.07(c)(ii)(A), a statement that identifies (1) all Persons with a collective equity interest (whether direct or indirect) of 25% or more in Borrower, and (2) all Non-U.S. Equity Holders.
(iii) Upon Lender’s request in Lender’s Discretion, such other financial information or property management information (including information on tenants under Leases to the extent such information is available to Borrower, copies of bank account statements from financial institutions where funds owned or controlled by Borrower are maintained, and an accounting of security deposits) as may be required by Lender from time to time, in each case within 30 days after such request.
(iv) Upon Lender’s request in Lender’s Discretion, a monthly property management report for the Mortgaged Property, showing the number of inquiries made and rental applications received from tenants or prospective tenants and deposits received from tenants and any other information requested by Lender within 30 days after such request. However, Lender will not require the foregoing more frequently than quarterly except when there has been an Event of Default and such Event of Default is continuing, in which case Lender may require Borrower to furnish the foregoing more frequently.
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)