Common use of Knowledge of Event of Default Clause in Contracts

Knowledge of Event of Default. Promptly upon Borrower 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 (on its own account or in its capacity as administrative agent for its Designated Bid 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 or the REIT has taken, is taking and proposes to take with respect thereto.

Knowledge of Event of Default. Promptly upon Borrower 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 (on its own account or in its capacity as administrative agent for its Designated Bid 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, any Guarantor Subpartnership, 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 or Borrower, the Guarantor Subpartnership and/or the REIT has taken, is taking and proposes to take with respect thereto.

Knowledge of Event of Default. Promptly upon Borrower 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 (on its own account or in its capacity as administrative agent for its Designated Bid 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, any Pledgor Subpartnership, 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 or Borrower, the Pledgor Subpartnership and/or the REIT has taken, is taking and proposes to take with respect thereto.