Integral Buildings Sample Clauses

Integral Buildings. If, at any time, an Integral Building that was not listed on the most recently delivered and approved Schedule 5.26 is located on any real property covered by (or intended to be covered by) a Mortgage, then the Borrower Representative shall prepare and deliver together with the next Compliance Certificate to be delivered pursuant to Section 6.02(a) a proposed updated Schedule 5.26 to the Administrative Agent (for posting to the Lenders) together with such other information as the Administrative Agent (on behalf of itself or any Lender) may reasonably request in order for the Administrative Agent to obtain a standard life of loan flood hazard determination form for such property and otherwise confirm compliance with the Flood Insurance Regulations. Promptly upon receipt of such materials by the Administrative Agent, the Administrative Agent shall provide the Lenders with access to such information and request that each Lender confirm satisfactory completion of its flood due diligence. To the extent the Administrative Agent has not received an objection from any Lender within ten (10) Business Days of providing the Lenders such materials, the Administrative Agent may deem such Lender to have confirmed its satisfaction as to the Loan Parties compliance with the Flood Insurance Regulations. Upon the Administrative Agent’s and each Lender’s reasonable satisfaction (or deemed satisfaction) as to such matters, the Administrative Agent shall either approve Schedule 5.26 as submitted to it by the Borrower Representative or shall request such changes thereto as it shall deem reasonably necessary (and the Borrower hereby agrees to make all such changes). Once approved as set forth in this Section 6.21, the then effective Schedule 5.26 shall be deemed amended, restated and replaced in its entirety by such approved and/or revised Schedule 5.26.