Common use of MXXX Events Clause in Contracts

MXXX Events. Each of the parties hereto acknowledges and agrees that, if there are any Mortgaged Properties, any increase, extension or renewal of any of the Commitments or Loans (including the provision of Incremental Revolving Loans) or any other incremental or additional credit facilities hereunder, but excluding (a) any continuation or conversion of borrowings, (b) the making of any Revolving Loans or (c) the issuance, renewal or extension of Letters of Credit shall be subject to and conditioned upon: (i) the prior delivery of all flood hazard determination certifications, acknowledgements and evidence of flood insurance and other flood-related documentation with respect to such Mortgaged Properties as required by the Flood Insurance Laws and as otherwise reasonably required by the Administrative Agent and (ii) the Administrative Agent shall have received written confirmation from the Lenders that flood insurance due diligence and flood insurance compliance have been completed by the Lenders (such written confirmation not to be unreasonably conditioned, withheld or delayed).

MXXX Events. Each of the parties hereto acknowledges and agrees that, if there are is any Mortgaged Properties, any real property that is to be subject to a Mortgage in connection with an increase, extension or renewal of any of the Commitments or Loans (including the provision of any Incremental Revolving Loans) or any other incremental or additional credit facilities Facilities hereunder, but excluding (ai) any continuation or conversion of borrowings, (bii) the making of any Revolving Loans or (ciii) the issuance, renewal or extension of Letters of Credit Credit), such Mortgage shall be subject to (and conditioned upon: ): (i1) the prior delivery of all flood hazard determination certifications, acknowledgements and evidence of flood insurance and other flood-related documentation with respect to such Mortgaged Properties real property as required by the National Flood Insurance Laws Program and as otherwise reasonably required by the Administrative Agent and (ii2) the Administrative Agent shall have received written confirmation from the Lenders each Lender that flood insurance due diligence and flood insurance compliance have has been completed by the Lenders such Lender (such written confirmation not to be unreasonably conditionedwithheld, withheld conditioned or delayed).) 145

MXXX Events. Each of the parties hereto acknowledges and agrees that, if there are any Mortgaged Real Properties, any increase, extension or renewal of any of the Commitments or Loans (including the provision of an Incremental Revolving Loans) Facility or any other incremental or additional credit facilities hereunder, but excluding (ai) any continuation or conversion of borrowings, (bii) the making of any Revolving Loans or (ciii) the issuance, renewal or extension of Letters of Credit Credit) shall be subject to (and conditioned upon: ): (i1) the prior delivery of all flood hazard determination certifications, acknowledgements and evidence of flood insurance and other flood-related documentation with respect to such Mortgaged Real Properties as required by the Flood Insurance Laws and as otherwise reasonably required by the Administrative Agent Lenders and (ii2) the Administrative Agent shall have received written confirmation from the Lenders that Lenders, flood insurance due diligence and flood insurance compliance have has been completed by the Lenders (such written confirmation not to be unreasonably conditionedwithheld, withheld conditioned or delayed).

MXXX Events. Each of the parties hereto acknowledges and agrees that, if there are is any Mortgaged Properties, any real property that is to be subject to a Mortgage in connection with an increase, extension or renewal of any of the Commitments or Loans (including the provision of any Incremental Revolving Loans) or any other incremental or additional credit facilities Facilities hereunder, but excluding (ai) any continuation or conversion of borrowings, (bii) the making of any Revolving Loans or (ciii) the issuance, renewal or extension of Letters of Credit Credit), such Mortgage shall be subject to (and conditioned upon: ): (i1) the prior delivery of all flood hazard determination certifications, acknowledgements and evidence of flood insurance and other flood-related documentation with respect to such Mortgaged Properties real property as required by the National Flood Insurance Laws Program and as otherwise reasonably required by the Administrative Agent and (ii2) the Administrative Agent shall have received written confirmation from the Lenders each Lender that flood insurance due diligence and flood insurance compliance have has been completed by the Lenders such Lender (such written confirmation not to be unreasonably conditionedwithheld, withheld conditioned or delayed).) 146