Common use of SNDAs Clause in Contracts

SNDAs. Borrower shall use commercially reasonable efforts to obtain SNDAs from each of the tenants occupying more than fifteen percent (15%) of the net rentable area of the Property within sixty (60) days after the Closing Date.

Appears in 12 contracts

Samples: Loan Agreement (KBS Real Estate Investment Trust, Inc.), Loan Agreement (KBS Real Estate Investment Trust, Inc.), Loan Agreement (KBS Real Estate Investment Trust, Inc.)

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SNDAs. Borrower shall use commercially reasonable efforts to obtain SNDAs from the three (3) largest tenants of the Property and each of the tenants occupying more than fifteen ten percent (1510%) of the net rentable area of the Property within sixty (60) days after the Closing Date.

Appears in 2 contracts

Samples: Loan Agreement (KBS Real Estate Investment Trust II, Inc.), Loan Agreement (KBS Real Estate Investment Trust II, Inc.)

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