Common use of Notification of Claims Against Collateral Clause in Contracts

Notification of Claims Against Collateral. The Borrower and REA will give notice to the Agent in writing within five (5) Business Days of becoming aware of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Lenders with respect to the Collateral, are subject.

Notification of Claims Against Collateral. The Borrower and REA Guarantor will each give notice to the Agent in writing within five (5) Business Days of becoming aware obtaining actual knowledge of any material setoff, claims (including, with respect to the Real Estate, including environmental claims), withholdings or other defenses to which any of the Potential Collateral, or the rights of the Agent or the Lenders with respect to the Potential Collateral, are subject.

Notification of Claims Against Collateral. The Borrower and REA each Guarantor will give notice to the Agent in writing within five (5) Business Days of becoming aware obtaining actual knowledge of any material setoff, claims (including, with respect to the Real EstateMortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the rights of the Agent or the Lenders with respect to the Collateral, are subject.