Servicer’s Duty to Advise; Delivery of Certain Notices. In addition to such other reports and access to records and reports as are required to be provided to the Manager, the Purchase Money Notes Guarantor and the Initial Member hereunder, the Servicer shall cause to be delivered to the Manager such information relating to the Loans, the Underlying Collateral, the Servicer and any Subservicer as the Manager may reasonably request from time to time and, in any case, shall ensure that the Manager is promptly advised, in writing, of any matter of which the Servicer or Subservicer becomes aware relating to the Loans, any of the Underlying Collateral, the Collection Account, the Escrow Accounts, any accounts created under the Custodial and Paying Agency Agreement, any Other Accounts or any Borrower or Obligor that materially and adversely affects the interests of the Company, the Purchase Money Notes Guarantor or the Initial Member. Without limiting the generality of the foregoing, the Servicer shall immediately notify the Manager of (i) any claim, threatened claim or litigation against the Servicer, the Company, the Manager or the Initial Member arising out of or with respect to any Loan, (ii) any material notice from any Governmental Authority relating to any Underlying Collateral, (iii) any occurrence which could reasonably be expected to result in cost overruns with respect to any Loan or Acquired Property for which Funding Draws have been, or are contemplated to be, made, or (iv) any other occurrence which would reasonably be expected to materially hamper, prevent or interfere with the effectuation of any then-applicable Business Plans or Consolidated Business Plan. In addition, the Servicer shall cause to be delivered to the Manager information indicating any possible Environmental Hazard with respect to any Underlying Collateral. Further, the Servicer shall cause to be furnished to the Manager, each month on the Specified Date, commencing the first month following the Effective Date and together with the Electronic Report, a report with respect to each Loan and Underlying Collateral
Servicer’s Duty to Advise; Delivery of Certain Notices. In addition to such other reports and access to records and reports as are required to be provided to the Company hereunder, the Servicer shall cause to be delivered to the Company, such information relating to the Loans and Collateral as the Company may reasonably request from time to time and, in any case, shall ensure that the Company is promptly advised, in writing, of any matter of which the Servicer or Subservicer becomes aware relating to the Loans, any of the Collateral, the Collection Account, Escrow Accounts, any Other Accounts or any Borrower or Guarantor that materially and adversely affects the interests of the Company or the Participant. Without limiting the generality of the foregoing, the Servicer shall immediately notify the Company of any claim, threatened claim or litigation against the Company arising out of any Loan and shall cause to be delivered to the Company information indicating any possible Environmental Hazards with respect to any Collateral.
Servicer’s Duty to Advise; Delivery of Certain Notices. In addition to such other reports and access to records and reports as are required to be provided to the Company and the Participant hereunder, the Servicer shall cause to be delivered to the Company and the Participant, such information relating to the Loans, the Collateral, the Servicer and any Subservicer as the Company or the Participant may reasonably request from time to time and, in any case, shall ensure that the Company and the Participant are promptly advised, in writing, of any matter of which the Servicer or Subservicer becomes aware relating to the Loans, any of the Collateral, the Collection Account, Escrow Accounts, any Other Accounts or any Borrower or Guarantor that materially and adversely affects the interests of the Company or the Participant. Without limiting the generality of the foregoing, the Servicer shall immediately notify the Company and the Participant of any claim, threatened claim or litigation against the Company arising out of any Loan and shall cause to be delivered to the Company and the Participant information indicating any possible Environmental Hazards with respect to any Collateral.
Servicer’s Duty to Advise; Delivery of Certain Notices. In addition to such other reports and access to records and reports as are required to be provided to the Manager or any Required Consenting Party hereunder, the Servicer will cause to be delivered to the Manager such information relating to the Assets, the Collateral, the Servicer, any Subservicer and any JDC Contractor as the Manager may reasonably request from time to time and, in any case, will ensure that the Manager is promptly advised, in writing, of any matter of which the Servicer, Subservicer or JDC Contractor becomes aware relating to the Assets, any of the Collateral, the Company Accounts (including any Other Company Accounts), the Escrow Accounts, any other accounts created under the Custodial and Paying Agency Agreement, or any Borrower or Obligor that materially and adversely affects the interests of the Company or any Required Consenting Party. Without limiting the generality of the foregoing, the Servicer will immediately notify the Manager of (i) any claim, threatened claim or litigation against the Servicer, the Company, the Manager or the Initial Member (including as Transferor and Prior Transferor) arising out of or with respect to any Asset, (ii) any material notice from any Governmental Authority relating to any Collateral,
