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 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.

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 under the Mortgage 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 an Event of Default (as such term is defined in the Mortgage Loan Documents) under the Mortgage 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 under the Mortgage Loan or of the occurrence of beyond applicable notice and grace periods if any event, which but for the passage of time or the giving of notice or both, would constitute a default under the Mortgage Loan.

Notification of Defaults. To the extent that Borrower becomes aware of same, 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 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.