After request by Borrower Clause Samples
The "After request by Borrower" clause establishes that certain actions or obligations by the lender or other parties are triggered only after the borrower formally submits a request. In practice, this means that the lender is not required to perform specific duties—such as disbursing funds, providing information, or granting consents—until the borrower has made an official request in accordance with the agreement's procedures. This clause ensures that responsibilities are clearly activated by the borrower's initiative, preventing misunderstandings and unnecessary actions by the lender before a request is made.
After request by Borrower. Lender shall promptly deliver to Borrower a beneficiary's statement on Lender's (or its servicer's) then current form of such document, which shall include the balance of the Loan and the then applicable interest rate. In a separate writing, Lender shall provide to Borrower, to the extent true, a statement that Lender has not delivered any notices of default to Borrower.
After request by Borrower. Lender shall promptly deliver to Borrower a beneficiary's statement on Lender's (or its servicer's) then current form of such document, which shall include the balance of the Loan and the then applicable interest rate. In a separate writing, Lender shall provide to Borrower, to the extent true, a statement that Lender has not delivered any notices of default to Borrower.
(a) Borrower shall use its best efforts to deliver (or cause Mortgage Borrower to deliver) to Lender, promptly upon request, duly executed estoppel certificates from any one or more Tenants as required by Lender attesting to such facts regarding the related Lease as Lender may require, including, but not limited to attestations that each Lease covered thereby is in full force and effect with no defaults thereunder on the part of any party, that none of the Rents have been paid more than one month in advance, except as security, and that the Tenant claims no defense or offset against the full and timely performance of its obligations under the Lease. Other than in connection with a Securitization, Borrower shall not be required to use its best efforts to deliver such estoppel certificates more than once per year so long as no Event of Default exists.