Borrower Notices and Deliveries. Borrower shall (a) give prompt written notice to Administrative Agent of: (i) any litigation, governmental proceedings or claims or investigations pending or threatened against Borrower which might materially adversely affect Borrower’s condition (financial or otherwise) or business or the Property; (ii) any material adverse change in Borrower’s condition, financial or otherwise, or of the occurrence of any Event of Default of which Borrower has knowledge; and (b) furnish and provide to Administrative Agent: any Securities and Exchange Commission or other public filings, if any, of Borrower or Guarantor within five (5) Business Days of such filing. In addition, after request by Administrative Agent (but no more frequently than once in any year), Borrower shall furnish to Administrative Agent within thirty (30) days, tenant estoppel certificates addressed to Administrative Agent on behalf of the Lenders, its successors and assigns from each tenant at the Property in form and substance reasonably satisfactory to Administrative Agent.
Appears in 1 contract
Sources: Loan Agreement (American Realty Capital New York City REIT, Inc.)
Borrower Notices and Deliveries. Borrower shall (a) give prompt written notice to Administrative Agent Lender of: (i) any litigation, governmental proceedings or claims or investigations pending or threatened against Borrower which might materially adversely affect Borrower’s condition (financial or otherwise) or business or the Property; (ii) any material adverse change in Borrower’s condition, financial or otherwise, or of the occurrence of any Event of Default of which Borrower has knowledge; and (b) furnish and provide to Administrative AgentLender: (i) any Securities and Exchange Commission or other public filings, if any, of Borrower Borrower, Guarantor or Guarantor Manager within five two (52) Business Days of such filing. In addition, after request by Administrative Agent Lender (but no more frequently than once twice in any year), Borrower shall furnish to Administrative Agent Lender, within thirty (30) days, tenant estoppel certificates addressed to Administrative Agent on behalf of the LendersLender, its successors and assigns from each tenant at the Property in form and substance reasonably satisfactory to Administrative AgentLender.
Appears in 1 contract
Sources: Loan Agreement (American Realty Capital Daily Net Asset Value Trust, Inc.)