Examples of Substitution Due Diligence Package in a sentence
The Junior Mezzanine Lenders shall have received all deliveries required under Section 2.3.5 of the Junior Mezzanine Loan Agreements, including, but not limited to, insurance certificates naming Junior Mezzanine Lenders with respect to the Substitute Property, a copy of the owner’s title insurance policy and related mezzanine endorsement (if available in such State) and copies of the Substitution Due Diligence Package and all final deliveries to Mortgage Lender under this Section 2.3.5.
The Mezzanine Lender shall have received all deliveries required under Section 2.3.5 of the Mezzanine Loan Agreement, including, but not limited to, insurance certificates naming Mezzanine Lender with respect to the Substitute Property, a copy of the owner’s title insurance policy and related mezzanine endorsement (if available in such State) and copies of the Substitution Due Diligence Package and all final deliveries to Lender under this Section 2.3.5.
The Senior Mezzanine Lenders shall have received all deliveries required under Section 2.3.5 of the Senior Mezzanine Loan Agreements, including, but not limited to, insurance certificates naming Senior Mezzanine Lenders with respect to the Substitute Property, a copy of the owner’s title insurance policy and related mezzanine endorsement (if available in such State) and copies of the Substitution Due Diligence Package and all final deliveries to Mortgage Lender under this Section 2.3.5.
Lender shall confirm Borrower’s compliance with this paragraph (c) with respect to each proposed Substitute Property within thirty (30) days after Lender’s receipt of the applicable Substitution Due Diligence Package and Lender’s failure to so confirm or deny Borrower’s compliance within such thirty (30) day period shall be deemed compliance by Borrower with this paragraph (c), provided that this sentence appears in bold capital letters on the envelope containing the Substitution Due Diligence Package.
The Senior Mezzanine Lender shall have received all deliveries required under Section 2.3.5 of the Senior Mezzanine Loan Agreement, including, but not limited to, insurance certificates naming Senior Mezzanine Lender with respect to the Substitute Property, a copy of the owner’s title insurance policy and related mezzanine endorsement (if available in such State) and copies of the Substitution Due Diligence Package and all final deliveries to Mortgage Lender under this Section 2.3.5.