Insurance Reporting Requirements. The Borrower shall promptly notify the insurance carrier or agent therefor (with a copy of such notification being provided to the Administrative Agent) if there is any increase in hazard relating to the Project, suspension of construction, or transfer of ownership.
Appears in 1 contract
Insurance Reporting Requirements. The Borrower shall promptly notify the its insurance carrier or agent therefor (with a copy of such notification being provided to the Administrative AgentLender) if there is any increase (i) occurrence which, under the terms of any insurance policy then in hazard relating effect with respect to the Project, suspension of constructionrequires such notification, (ii) increase in any hazard insured by such insurance carrier or any new or otherwise unanticipated hazard requiring insurance by such insurance carrier at, or relating to the Project or (iii) transfer of ownership.
Appears in 1 contract
Insurance Reporting Requirements. The Borrower shall promptly notify the insurance carrier or agent therefor (with a copy of such notification being provided to the Administrative Agent) if there is any increase in hazard relating to the Project, Project or suspension of construction, or transfer of ownership.
Appears in 1 contract
Samples: Construction Loan Agreement
Insurance Reporting Requirements. The Borrower shall promptly notify the insurance carrier or agent therefor (with a copy of such notification being provided to the Administrative AgentLender) if there is any increase in hazard relating to the Project, suspension of construction, or transfer of ownershiptitle to the Project or any part thereof.
Appears in 1 contract
Samples: Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)
Insurance Reporting Requirements. The Borrower shall promptly notify the insurance carrier or agent therefor (with a copy of such notification being provided to the Administrative AgentLender) if there is any increase in hazard relating to the Project, suspension of construction, construction or transfer of ownership.
Appears in 1 contract
Insurance Reporting Requirements. The Borrower shall promptly notify the insurance carrier or agent therefor (with a copy of such notification being provided to the Administrative AgentLender) if there is any increase in hazard relating to the Project, suspension of construction, or transfer of ownership.
Appears in 1 contract