Right of Contest. Borrower may contest in good faith any claim, demand, levy or assessment by any person other than Lender which would constitute a Default, if Borrower pursues the contest diligently and in a manner which Lender determines will not be prejudicial to Lender nor impair the rights of Lender under the Loan Documents.
Appears in 4 contracts
Samples: Loan Agreement (KBS Legacy Partners Apartment REIT, Inc.), Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.), Loan Agreement (KBS Real Estate Investment Trust, Inc.)
Right of Contest. Borrower or Tenant may contest in good faith any claim, demand, levy or assessment by any person other than Lender which would constitute a Default, Default if Borrower or Tenant pursues the contest diligently and diligently, in a manner which Lender determines will is not be prejudicial to Lender nor Lender, and does not impair the rights of Lender under any of the Loan DocumentsDocuments or the Collateral. Borrower’s compliance with this Section 11.7 shall operate to prevent such claim, demand, levy or assessment from becoming a Default.
Appears in 1 contract
Right of Contest. Borrower may contest in good faith by appropriate proceedings any claim, demand, levy or assessment by any person Person or governmental body or entity other than a Lender which would constitute a Default, if Borrower pursues the contest diligently and in a manner which Lender determines will not be prejudicial to Lender Lenders nor impair the rights of Lender Lenders under the Loan Documents.
Appears in 1 contract
Samples: Unsecured Loan Agreement (Robertson Global Health Solutions Corp)
