Common use of Additional State Specific Provisions Clause in Contracts

Additional State Specific Provisions. Notwithstanding anything to the contrary set forth in Section 10.01(a) above, (i) if any Financed Properties or Financed Single Plat Developments are located in any State other than Indiana, Missouri or Texas, or (ii) if the Administrative Agent determines in its sole discretion that any State-specific provisions set forth in Section 10.18 do not adequately reflect provisions that address local law matters for any applicable State, in each case as determined by the Administrative Agent in its sole discretion, with the written consent of the Borrowers, the Calculation Agent, the Paying Agent or any Lender, may amend Section 10.18 of this Agreement to include additional State-specific provisions that address local law matters for such State that are customarily addressed in financing agreements for single family rental securitizations. The Administrative Agent shall provide written notice to the Loan Parties, the Calculation Agent, the Paying Agent and the Lenders of any such amendment. No consent of any other Loan Party, the Calculation Agent, the Paying Agent, any Lender or any other Person shall be required for any such amendment to become effective.

Appears in 2 contracts

Sources: Loan Agreement (Bluerock Homes Trust, Inc.), Loan Agreement (Bluerock Residential Growth REIT, Inc.)

Additional State Specific Provisions. Notwithstanding anything to the contrary set forth in Section 10.01(a) above, (i) if any Financed Properties or Financed Single Plat Developments are located in any State other than Indiana, Missouri or Texas, or (ii) if the Administrative Agent determines in its sole discretion that any State-specific provisions set forth in Section 10.18 do not adequately reflect provisions that address local law matters for any applicable State, in each case as determined by the Administrative Agent in its sole discretion, with the written consent of the Borrowers, the Calculation Agent, the Paying Agent or any Lender, may amend Section 10.18 of this Agreement to include additional State-specific provisions that address local law matters for such State that are customarily addressed in financing agreements for single family rental securitizations. The Administrative Agent shall provide written notice to the Loan Parties, the Calculation Agent, the Paying Agent and the Lenders of any such amendment. No consent of any other Loan Party, the Calculation Agent, the Paying Agent, any Lender or any other Person shall be required for any such amendment to become effective.. ​

Appears in 1 contract

Sources: Loan Agreement (Bluerock Homes Trust, Inc.)