Material Notices. (i) Borrowers shall promptly deliver, or cause to be delivered to Lender, copies of all notices of default given or received by any Borrower Party with respect to noncompliance related to any material Indebtedness of any Borrower Party. (ii) Borrowers shall promptly deliver to Lender copies of any and all material notices (including any notice alleging any material default or breach) received by any Borrower from any manager, any franchisors, any licensors, or any tenants for or pertaining to any of the Properties.
Appears in 2 contracts
Samples: Loan and Security Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Loan and Security Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)
Material Notices. (i) Borrowers Borrower shall promptly deliver, or cause to be delivered to Lender, copies of all notices of default given or received by any Borrower Party with respect to noncompliance related to any material Indebtedness of any Borrower Party.
(ii) Borrowers Borrower shall promptly deliver to Lender copies of any and all material notices (including without limitation any notice alleging any material default or breach) received by any Borrower from any manager, any franchisors, any licensors, or any tenants for or pertaining to any of the Propertieseach Individual Property.
Appears in 1 contract
Material Notices. (i) Borrowers Borrower shall promptly deliver, or cause caused to be delivered to Lender, copies of all notices of default given or received by any Borrower Party with respect to noncompliance related to any material Indebtedness of any Borrower Party, including Indebtedness under the Loan Documents.
(ii) Borrowers Borrower shall promptly deliver to Lender copies of any and all material notices (including without limitation any notice alleging any material default or breach) received by any Borrower from any manager, any franchisors, any licensors, or any tenants tenant for or pertaining to any of the PropertiesProperty.
Appears in 1 contract
Samples: Loan and Security Agreement (HRPT Properties Trust)
Material Notices. (i) The Borrowers shall promptly deliver, or cause caused to be delivered to Lender, copies of all notices of default given or received by any Borrower Party with respect to noncompliance related to any material Indebtedness of any Borrower Party, including Indebtedness under the Loan Documents.
(ii) The Borrowers shall promptly deliver to Lender copies of any and all material notices (including without limitation any notice alleging any material default or breach) received by any Borrower from any manager, any franchisors, any licensors, or any tenants tenant for or pertaining to any of the PropertiesProperty.
Appears in 1 contract
Samples: Loan and Security Agreement (HRPT Properties Trust)