Common use of or Section 4 Clause in Contracts

or Section 4. 4.8 and for which Borrower has not delivered to Lender any Contest Security) exceed $1,000,000, Borrower shall deliver to Lender either (A) cash, or other security as may be approved by Lender, in an amount sufficient to insure the payment of any such Non-Property Taxes, together with all interest and penalties thereon or (B) a payment and performance bond in an amount equal to one hundred percent (100%) of the contested amount from a surety acceptable to Lender in its reasonable discretion, (viii) failure to pay such Non-Property Taxes will not subject Lender to any civil or criminal liability, (ix) such contest shall not affect the ownership, use or occupancy of any Property or other Collateral, and (x) Borrower shall, upon request by Lender, give Lender prompt notice of the status of such proceedings and/or confirmation of the continuing satisfaction of the conditions set forth in clauses (i) through (ix) of this Section

or Section 4. 4.8 1.3 and for which Borrower has not delivered to Lender any Contest Security) exceed Two Million Five Hundred Thousand and No/100 Dollars ($1,000,0002,500,000), Borrower shall deliver to Lender either (Ai) cash, or other security as may be approved by Lender, in an amount sufficient to insure the payment of any such Non-Property Taxes, Other Charges and HOA Fees, together with all interest and penalties thereon or (Bii) a payment and performance bond in an amount equal to one hundred percent (100%) of the contested amount from a surety acceptable to Lender in its reasonable discretion, (viiih) failure to pay such Non-Property Taxes Taxes, Other Charges and HOA Fees will not subject Lender to any civil or criminal liability, (ixi) such contest shall not affect the ownership, use or occupancy of any Property or other CollateralProperty, and (xj) Borrower shall, upon request by Lender, give Lender prompt notice of the status of such proceedings and/or confirmation of the continuing satisfaction of the conditions set forth in clauses (ia) through (ixj) of this SectionSection 4.4.

or Section 4. 4.8 and for which Borrower has not delivered to Lender any Contest Security) exceed One Million and No/100 Dollars ($1,000,000), Borrower shall deliver to Lender either (Ai) cash, or other security as may be approved by Lender, in an amount sufficient to insure the payment of any such Non-Property Taxes, together with all interest and penalties thereon or (Bii) a payment and performance bond in an amount equal to one hundred percent (100%) of the contested amount from a surety acceptable to Lender in its reasonable discretion, (viiih) failure to pay such Non-Property Taxes will not subject Lender to any civil or criminal liability, (ixi) such contest shall not affect the ownership, use or occupancy of any Property or other Collateral, and (xj) Borrower shall, upon request by Lender, give Lender prompt notice of the status of such proceedings and/or confirmation of the continuing satisfaction of the conditions set forth in clauses (ia) through (ixi) of this Section