Common use of Participating Leases Clause in Contracts

Participating Leases. Upon knowledge of a default by a -------------------- Participating Lessee under a Participating Lease or a Participating Lessee Document, the Borrower will send, or will cause the Guarantor who is a party to such Participating Lease or Participating Lessee Document to send, a notice of such default to such Participating Lessee as provided in the document under which such default has occurred.

Participating Leases. Upon knowledge of a material default -------------------- by a -------------------- Participating Lessee under a Participating Lease or a Participating Lessee DocumentLease, the Borrower will send, or will cause the Guarantor who is a party to such Participating Lease or Participating Lessee Document to send, a notice of such default to such Participating Lessee as provided in the document under which such default has occurred.