Common use of Notification of Defaults Clause in Contracts

Notification of Defaults. Borrower shall promptly (and in all events within one (1) Business Day of obtaining knowledge thereof) notify Lender of the occurrence of any default under the Mortgage Loan, the Intermediate Mez Loan or the Senior Mez Loan or of the occurrence of any event, which but for the passage of time or the giving of notice or both, would constitute a default under the Mortgage Loan, the Intermediate Mez Loan or the Senior Mez Loan.

Notification of Defaults. Borrower shall promptly (and in all events within one (1) Business Day of obtaining knowledge thereof) notify Lender of the occurrence of any default under the Mortgage Loan, the Intermediate Mez Loan or the Senior Mez Loan or of the occurrence of any event, which but for the passage of time or the giving of notice or both, would constitute a default under the Mortgage Loan, the Intermediate Mez Loan or the Senior Mez LoanLoan .

Notification of Defaults. Borrower shall promptly (and in all events within one (1) Business Day of obtaining knowledge thereof) notify Lender of the occurrence of any default under the Mortgage Loan, the Intermediate Mez Senior Mezz Loan or the Senior Mez Intermediate Mezz Loan or of the occurrence of any event, which but for the passage of time or the giving of notice or both, would constitute a default under the Mortgage Loan, the Intermediate Mez Senior Mezz Loan or the Senior Mez Intermediate Mezz Loan.

Notification of Defaults. Borrower shall promptly (and in all events within one two (12) Business Day Days of obtaining knowledge thereof) notify Lender of the occurrence of any default beyond applicable notice and grace periods if any under the Mortgage Loan, the Intermediate First Mez Loan or the Senior Mez Loan or of the occurrence of any event, which but for the passage of time or the giving of notice or both, would constitute a default under the Mortgage Loan, the Intermediate Mez Loan or the Senior Second Mez Loan.

Notification of Defaults. Borrower shall promptly (and in all events within one (1) Business Day of obtaining knowledge thereof) notify Lender of the occurrence of any default under the Mortgage Loan, the Intermediate Mez Loan or the Senior Mez Mezz Loan or of the occurrence of any event, which but for the passage of time or the giving of notice or both, would constitute a default under the Mortgage Loan, the Intermediate Mez Loan or the Senior Mez Mezz Loan.

Notification of Defaults. Borrower shall promptly (and in all events within one two (12) Business Day Days of obtaining knowledge thereof) notify Lender of the occurrence of any default beyond applicable notice and grace periods, if any, under the Mortgage Loan, the Intermediate First Mez Loan, the Second Mez Loan or the Senior Mez Loan or of the occurrence of any event, which but for the passage of time or the giving of notice or both, would constitute a default under the Mortgage Loan, the Intermediate Mez Loan or the Senior Third Mez Loan.

Notification of Defaults. Borrower shall promptly (and in all events within one two (12) Business Day Days of obtaining knowledge thereof) notify Lender of the occurrence of any default beyond applicable notice and grace periods if any under the Mortgage Loan, the Intermediate Mez Loan or the Senior Mez Loan or of the occurrence of any event, which but for the passage of time or the giving of notice or both, would constitute a default under the Mortgage Loan, the Intermediate Mez Loan or the Senior First Mez Loan.