Common use of Litigation, Arbitration or Government Investigation Clause in Contracts

Litigation, Arbitration or Government Investigation. Promptly upon Borrower obtaining knowledge of (i) the institution of, or written threat of, any material Proceeding against or affecting Borrower or the Property not previously disclosed in writing by Borrower to Lender pursuant to this Section 6.1(f), including any eminent domain or other condemnation proceedings affecting the Property, or (ii) any material development in any Proceeding already disclosed, which, in either case, has a Material Adverse Effect, a notice thereof to Lender and such other information as may be reasonably available to it to enable Lender and its counsel to evaluate such matters.

Appears in 14 contracts

Samples: Loan Agreement (KBS Real Estate Investment Trust, Inc.), Loan Agreement (KBS Real Estate Investment Trust, Inc.), Loan Agreement (KBS Real Estate Investment Trust II, Inc.)

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Litigation, Arbitration or Government Investigation. Promptly Borrower shall promptly, upon Borrower obtaining knowledge of thereof, report in writing to Lender, (i) the institution of, or written threat in writing of, any material Proceeding proceeding against or affecting Borrower Borrower, Mortgage Borrower, the Collateral or the Property not previously disclosed in writing by Borrower to Lender pursuant to this Section 6.1(f)Property, including any eminent domain or other condemnation proceedings affecting the Property, or (ii) any material development in any Proceeding proceeding already disclosed, which, in either case, has a Material Adverse Effect, a which notice thereof to Lender and shall contain such other information as may be reasonably available to it Borrower to enable Lender and its counsel to evaluate such matters.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

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Litigation, Arbitration or Government Investigation. Promptly upon Borrower obtaining knowledge of (i) the institution of, or written threat of, any material Proceeding against or affecting Borrower, Senior Borrower or the Property not previously disclosed in writing by Borrower to Lender pursuant to this Section 6.1(f10.1(g), including any eminent domain or other condemnation proceedings affecting the Property, or (ii) any material development in any Proceeding already disclosed, which, in either case, has a Material Adverse Effect, a notice thereof to Lender and such other information as may be reasonably available to it to enable Lender and its counsel to evaluate such matters.

Appears in 1 contract

Samples: Loan Agreement (KBS Strategic Opportunity REIT, Inc.)

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