No Credits on Account of the Obligations. Borrower will not claim or be entitled to any credit(s) on account of the Obligations for any part of the Assessments and no deduction shall be made or claimed from the taxable value of the Property for real estate tax purposes by reason of the Documents or the Obligations. If such claim, credit, or deduction is required by law, Lender shall have the option to declare the Obligations immediately due and payable (without any Prepayment Premium) upon sixty (60) days' notice to Borrower.
Appears in 12 contracts
Samples: Mortgage and Security Agreement (Mack Cali Realty Corp), Mortgage and Security Agreement (Mack Cali Realty L P), Mortgage and Security Agreement (Mack Cali Realty Corp)
No Credits on Account of the Obligations. Borrower will not claim or demand or be entitled to any credit(s) credit or credits on account of the Obligations for any part payment of Taxes assessed against the Assessments Property and no deduction shall otherwise be made or claimed from the taxable assessed value of the Property for real estate tax purposes by reason because of the Loan Documents or the Obligations. If Legal Requirements or other laws, orders, requirements or regulations require such claim, credit, credit or deduction is required by lawdeduction, Lender shall have the option may, by written notice to Borrower of not less than ninety (90) days, declare the Obligations immediately due and payable (without any Prepayment Premium) upon sixty (60) days' notice to Borrowerpayable.
Appears in 10 contracts
Samples: Loan Agreement (FTE Networks, Inc.), Loan Agreement (FTE Networks, Inc.), Loan Agreement (FTE Networks, Inc.)
No Credits on Account of the Obligations. Borrower will not claim or be entitled to any credit(s) on account of the Obligations for any part of the Assessments and no deduction shall be made or claimed from the taxable value of the Property for real estate tax purposes by reason of the Documents or the Obligations. If such claim, credit, credit or deduction is required by law, Lender shall have the option to declare the Obligations immediately due and payable (without any Prepayment Premium) upon sixty (60) days' ’ notice to Borrower.
Appears in 2 contracts
Samples: Mortgage Agreement (60 East 42nd Street Associates L.L.C.), Second Priority Mortgage and Security Agreement (250 West 57th St Associates L.L.C.)
No Credits on Account of the Obligations. Borrower will not claim or be entitled to any credit(s) on account of the Obligations for any part of the Assessments Assessments, and no deduction shall be made or claimed from the taxable value of the Property for real estate tax purposes by reason of the Documents or the Obligations. If such claim, credit, credit or deduction is required by law, Lender shall have the option to declare the Obligations immediately due and payable (without any Prepayment Premium) upon sixty (60) days' ’ notice to Borrower.
Appears in 1 contract
Samples: Deed of Trust and Security Agreement (Hines Real Estate Investment Trust Inc)
No Credits on Account of the Obligations. Borrower will not claim or be entitled to any credit(s) on account of the Obligations for any part of the Assessments and no deduction shall be made or claimed from the taxable value of the Property for real estate tax purposes by reason of the Documents or the Obligations. If such claim, credit, credit or deduction is required by law, Lender shall have the option to declare the Obligations immediately due and payable (without any Prepayment Premium) upon sixty (60) days' ’ notice to Borrower.. Prudential Loan 6 1xx xxx Xxxx (Second Funding)/ Mortgage
Appears in 1 contract
