Common use of Knowledge of Event of Default Clause in Contracts

Knowledge of Event of Default. Promptly upon a Responsible Official of Borrower or the REIT obtaining knowledge (i) of any condition or event which constitutes an Event of Default or Unmatured Event of Default, or becoming aware that any Lender has given notice or taken any other action with respect to a claimed Event of Default or Unmatured Event of Default or (ii) of any condition or event which has a Material Adverse Effect on Borrower or the REIT, an Officer's Certificate specifying the nature and period of existence of any such condition or event, or specifying the notice given or action taken by such Lender and the nature of such claimed Event of Default, Unmatured Event of Default, event or condition, and what action Borrower and/or the REIT has taken, is taking and proposes to take with respect thereto.

Knowledge of Event of Default. Promptly upon a Responsible Official of Borrower or the REIT obtaining knowledge (i) of any condition or event which constitutes an Event of Default or Unmatured Event of Default, or becoming aware that any Lender has given notice or taken any other action with respect to a claimed Event of Default or Unmatured Event of Default or (ii) of any condition or event which has a Material Adverse Effect on Borrower Borrower, the REIT or the REITany Borrowing Base Property, an Officer's Certificate specifying the nature and period of existence of any such condition or event, or specifying the notice given or action taken by such Lender and the nature of such claimed Event of Default, Unmatured Event of Default, event or condition, and what action Borrower and/or the REIT has taken, is taking and proposes to take with respect thereto.

Knowledge of Event of Default. Promptly upon a Responsible Official of Borrower or the REIT obtaining knowledge (i) of any condition or event which constitutes an Event of Default or Unmatured Event of Default, or becoming aware that any Lender has given notice or taken any other action with respect to a claimed Event of Default or Unmatured Event of Default or (ii) of any condition or event which has a Material Adverse Effect on Borrower or the REIT, an Officer's ’s Certificate specifying the nature and period of existence of any such condition or event, or specifying the notice given or action taken by such Lender and the nature of such claimed Event of Default, Unmatured Event of Default, event or condition, and what action Borrower and/or the REIT has taken, is taking and proposes to take with respect thereto.

Knowledge of Event of Default. Promptly upon a Responsible Official of the Borrower or the REIT or any of their respective Consolidated Subsidiaries obtaining knowledge (i) of any condition or event which constitutes an Event of Default or Unmatured Event of Possible Default, or becoming aware that the Administrative Agent or any Lender Bank has given notice or taken any other action with respect to a claimed Event of Default or Unmatured Event of Possible Default or (ii) of any condition or event which has a Material Adverse Effect on Borrower or the REITEffect, an Officer's Certificate specifying the nature and period of existence of any such condition or event, or specifying the notice given or action taken by the Administrative Agent or such Lender Bank and the nature of such claimed Event of Default, Unmatured Event of Possible Default, event or condition, and what action the Borrower and/or the REIT has taken, is taking and proposes to take with respect thereto.