CERTIFICATES REGARDING DEFAULTS. Within five (5) Business Days after any officer of Borrower obtains knowledge of any Default or Event of Default, Borrower shall furnish to Lender a statement of such officer specifying the nature of such Default or Event of Default, the period of existence thereof, and the action that Borrower has taken or proposes to take with respect thereto.
Appears in 2 contracts
Sources: Loan Agreement (Arden Realty Inc), Loan Agreement (Arden Realty Inc)
CERTIFICATES REGARDING DEFAULTS. Within five (5) Business Days after any officer of Borrower the General Partner obtains knowledge of any Default or Event of Default, Borrower shall furnish to Lender a statement of such officer specifying the nature of such Default or Event of Default, the period of existence thereof, and the action that Borrower has taken or proposes to take with respect thereto.
Appears in 1 contract
Sources: Loan Agreement (Arden Realty Inc)