Loan Activity Notification. The Lender shall (a) promptly notify Development in writing (and describe in reasonable detail) of any breach of any representation or warranty of the Lender in this Enhancement Agreement, including any breach of any representation or warranty of the Borrower under the Loan Documents.
Appears in 2 contracts
Samples: Collateral Enhancement Agreement, Collateral Enhancement Agreement
Loan Activity Notification. The Lender shall (a) promptly notify Development in writing (and describe in reasonable detail) of any breach of any representation or warranty of the Lender in this Enhancement Deposit Agreement, including any breach of any representation or warranty of the Borrower under the Loan Documents.
Appears in 2 contracts
Samples: Cash Collateral Deposit Agreement, Cash Collateral Deposit Agreement
Loan Activity Notification. The Lender shall (a) promptly notify Development in writing (and describe in reasonable detail) of any breach of any representation or warranty of the Lender in this Enhancement Agreement, including any breach of any representation or warranty of the Borrower under the Loan Documents. 1 This amount shall be percent %) of the Loan calculated on the shortfall of collateral for the Loan. The shortfall shall be determined based on third party appraisals and/or other valuations.
Appears in 2 contracts
Samples: Collateral Enhancement Agreement, Collateral Enhancement Agreement
