Common use of Notification of Claims Against Collateral Clause in Contracts

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 4 contracts

Samples: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust), Master Revolving Credit Agreement (Ramco Gershenson Properties Trust), Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)

AutoNDA by SimpleDocs

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent Lender in writing of any material setoff, claims (including, with respect to any Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the Lender's rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 3 contracts

Samples: Loan and Security Agreement (Griffin Industrial Realty, Inc.), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the Agent's rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 3 contracts

Samples: Construction Loan Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (Freedom Securiteis Corp /De/), Construction Loan Agreement (Walden Residential Properties Inc)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent and each of the Banks in writing of any setoff, claims (including, with respect to any Mortgaged Propertythe Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Agent's rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 2 contracts

Samples: Credit Agreement (Raytel Medical Corp), Revolving Credit Agreement (Appnet Systems Inc)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any the Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Wellsford Real Properties Inc), Term Loan Agreement (Wellsford Real Properties Inc)

Notification of Claims Against Collateral. The Each Borrower will, immediately upon becoming aware thereof, notify the Administrative Agent and each of the Lenders in writing of any setoff, claims (including, with respect to any Mortgaged PropertyReal Estate, environmental claims), withholdings or other defenses to which any Collateral having a fair value, either, singularly or in the aggregate in excess of the Collateral$500,000 is subject, or the Administrative Agent's rights of the Agent or the Banks with respect to the any such Collateral, are is subject.

Appears in 2 contracts

Samples: Credit Agreement (Starter Corp), Credit Agreement (Starter Corp)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any Mortgaged Collateral Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks Lenders with respect to the Collateral, are subject.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Wellsford Real Properties Inc), Revolving Credit Agreement (Wellsford Real Properties Inc)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any of the Mortgaged PropertyProperties, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks with respect to the Collateral, are subjectcould have a Material Adverse Effect.

Appears in 2 contracts

Samples: Term Loan Agreement (Amerivest Properties Inc), Revolving Credit Agreement (Amerivest Properties Inc)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the Lenders' rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 2 contracts

Samples: Credit Construction Loan Agreement (Wci Communities Inc), Credit Construction Loan Agreement (Wci Communities Inc)

Notification of Claims Against Collateral. The Borrower Borrowers will, immediately promptly upon becoming aware thereof, notify the Agent in writing of any material setoff, claims (including, with respect to any Mortgaged Propertythe Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks Lenders with respect to the Collateral, are subject.

Appears in 2 contracts

Samples: Master Credit Agreement (Howard Hughes Corp), Master Credit Agreement (Howard Hughes Corp)

Notification of Claims Against Collateral. The Borrower will, immediately promptly upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks with respect to the Collateral, are subject. This §7.5 shall not require Borrower to deliver to Agent notices received from tenants; provided that the foregoing shall not relieve Borrower of any obligation to do so contained elsewhere in the Loan Documents.

Appears in 2 contracts

Samples: Secured Master Loan Agreement (Ramco Gershenson Properties Trust), Secured Master Loan Agreement (Ramco Gershenson Properties Trust)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any Mortgaged Propertythe Real Estate or Vessels, environmental claims), withholdings or other defenses to which any of the Collateral, or the Agent's rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Trailer Bridge Inc)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent Lender in writing of any setoff, claims (including, with respect to any Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the Lender's rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Construction Loan Agreement (American Skiing Co /Me)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any of the Mortgaged PropertyProperties, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks with respect to the Collateral, are subject.could have a Material Adverse Effect. (d)

Appears in 1 contract

Samples: Loan Agreement (Liberty Property Limited Partnership)

Notification of Claims Against Collateral. The Borrower Each of the Borrowers will, immediately upon becoming aware thereof, notify the Agent and each of the Lenders in writing of any setoff, claims (including, with respect to any Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the Agent's rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Credit Agreement (Ict Group Inc)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent Lender in writing of any setoff, claims (including, with respect to any Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateralcollateral, or the rights of the Agent or the Banks Lender with respect to the Collateralcollateral, are subject.

Appears in 1 contract

Samples: Loan Agreement (Wsi Industries, Inc.)

Notification of Claims Against Collateral. The Borrower Borrowers will, immediately upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any Mortgaged Property, including environmental claims), withholdings or other defenses to which any of the CollateralCollateral (including for the purposes hereof any collateral subject to the Escrowed Security Documents), or the rights of the Agent or the Banks with respect to the CollateralCollateral (including for the purposes hereof any collateral subject to the Escrowed Security Documents), are subject.

Appears in 1 contract

Samples: Revolving Credit Agreement (Walden Residential Properties Inc)

Notification of Claims Against Collateral. The Borrower Borrowers will, immediately upon becoming aware thereof, notify the Agent Bank in writing of any setoff, claims (including, with respect to any Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the Bank s rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Credit Agreement (Compudyne Corp)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent Lender in writing of any setoff, claims (including, with respect to any Mortgaged Property, including environmental claims), withholdings or other defenses to which any of the Collateral, or the Lender's rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Credit Agreement (Boston Celtics Limited Partnership)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent Lender in writing of any setoff, claims (including, with respect to any Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks Lender with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Loan Agreement (Ebs Building LLC)

Notification of Claims Against Collateral. The Borrower will, immediately promptly upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any Mortgaged Collateral Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks with respect to the Collateral, are subject. This §7.5 shall not require Borrower to deliver to Agent notices received from tenants; provided that the foregoing shall not relieve Borrower of any obligation to do so contained elsewhere in the Loan Documents.

Appears in 1 contract

Samples: Bridge Loan Agreement (Ramco Gershenson Properties Trust)

Notification of Claims Against Collateral. The Borrower and each Guarantor will, immediately promptly upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any Mortgaged Propertythe Project, environmental claims), withholdings or other defenses to which any of the CollateralProject, or the rights of the Agent or the Banks Lenders with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Entire Agreement (California Coastal Communities Inc)

AutoNDA by SimpleDocs

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent Bank in writing of any setoff, claims (including, with respect to any Mortgaged Propertythe Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks Bank with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Credit Agreement (Triton Systems Inc / Fa)

Notification of Claims Against Collateral. The Borrower Borrowers will, immediately promptly upon becoming aware thereof, notify the Agent in writing of any material setoff, claims (including, with respect to any Mortgaged Propertythe Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Master Credit Agreement (Wellsford Real Properties Inc)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent Lender in writing of any material setoff, claims (including, with respect to any Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the Lender’s rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any Mortgaged Propertythe Borrowing Base Assets, environmental claims), withholdings or other defenses to which any of the Collateral, or the Agent's rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Humphrey Hospitality Trust Inc)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any Mortgaged the Real Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the Lenders' rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Revolving Credit Agreement (Aegis Realty Inc)

Notification of Claims Against Collateral. The Each of Borrower and Guarantor will, immediately upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the Lenders’ rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Revolving Credit Construction Loan Agreement (Wci Communities Inc)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to the Mortgaged Property or any Mortgaged Collateral Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Revolving Credit Agreement (Wellsford Real Properties Inc)

Notification of Claims Against Collateral. The Borrower will, and will cause each of its Subsidiaries, immediately upon becoming aware thereof, to notify the Agent Lender in writing of any setoff, claims (including, with respect to any Mortgaged PropertyReal Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks Lender with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Microfluidics International Corp)

Notification of Claims Against Collateral. The Borrower will, immediately promptly upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any of the Mortgaged PropertyProperties, environmental claims), withholdings or other defenses to which any could have a material adverse effect on the business or financial condition of the Collateral, or the rights of the Agent or the Banks with respect to the Collateral, are subjectBorrower.

Appears in 1 contract

Samples: Credit Loan Agreement (Koger Equity Inc)

Notification of Claims Against Collateral. The Borrower Borrowers will, immediately upon becoming aware thereof, notify the Agent Lender in writing of (i) any setoff, claims (including, with respect to any Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks Lender with respect to the Collateralthereto, are subject, and (ii) any other material events relating to the Collateral or the rights of the Lender with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Nutramax Products Inc /De/)

Notification of Claims Against Collateral. The Borrower will, ----------------------------------------- immediately upon becoming aware thereof, notify the Agent Lender in writing of any setoff, claims (including, with respect to any Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks Lender with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Loan Agreement (Jameson Inns Inc)

Notification of Claims Against Collateral. The Borrower will, and will cause each other Obligor to, immediately upon becoming aware thereof, notify the Agent and each of the Lenders in writing of any setoff, claims (including, with respect to any Mortgaged PropertyReal Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks Lenders with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Revolving Credit Agreement (Dollar Tree Stores Inc)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent Bank in writing of any setoff, claims (including, with respect to any Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Banks Bank with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Loan and Security Agreement (Litchfield Financial Corp /Ma)

Notification of Claims Against Collateral. The Borrower and each Guarantor will, immediately promptly upon becoming aware thereof, notify the Agent in writing of any setoff, claims (including, with respect to any Mortgaged Propertythe Owned Land, environmental claims), withholdings or other defenses to which any of the CollateralCollateral or Projects, or the rights of the Agent or the Banks Lenders with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Term Loan Agreement (California Coastal Communities Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.