Common use of Borrower Acknowledgment of Lender’s Right to Change Insurance Requirements Clause in Contracts

Borrower Acknowledgment of Lender’s Right to Change Insurance Requirements. Borrower acknowledges and agrees that Lender’s Insurance requirements for Lender’s loan program may change from time to time throughout the term of the Indebtedness. 8. The definition of “Minimum DSCR” in Article XII is deleted and replaced with the following:

Appears in 3 contracts

Samples: Multifamily Loan and Security Agreement (Independence Realty Trust, Inc), Multifamily Loan and Security Agreement (Independence Realty Trust, Inc), Multifamily Loan and Security Agreement (Independence Realty Trust, Inc)

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Borrower Acknowledgment of Lender’s Right to Change Insurance Requirements. Borrower acknowledges and agrees that Lender’s Insurance requirements for Lender’s loan program may change from time to time throughout the term of the Indebtedness. 89. The definition of “Minimum DSCR” in Article XII is deleted and replaced with the following:

Appears in 1 contract

Samples: Multifamily Loan and Security Agreement (Independence Realty Trust, Inc)

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