Laborers, Subcontractors and Materialmen. Borrower shall notify Administrative Agent promptly, and in writing, if Borrower or Mortgage Borrower receives any written default notice, notice of lien or demand for past due payment, from any contractor, laborer, subcontractor or materialmen. Borrower will also furnish or cause to be furnished to Administrative Agent at any time and from time to time upon reasonable demand by Administrative Agent, lien waivers in form reasonably satisfactory to Administrative Agent bearing a then current date from the applicable contractor(s).
Appears in 1 contract
Sources: Mezzanine Loan Agreement (KBS Strategic Opportunity REIT, Inc.)
Laborers, Subcontractors and Materialmen. Borrower shall notify Administrative Agent promptly, and in writing, if Borrower or Mortgage Borrower receives any written default notice, notice of lien or demand for past due payment, from any contractor, laborer, subcontractor or materialmen. Borrower will also furnish or cause to be furnished to Administrative Agent at any time and from time to time upon reasonable demand by Administrative Agent, lien waivers in form reasonably satisfactory to Administrative Agent bearing a then current date from the applicable contractor(s).
Appears in 1 contract
Sources: Senior Loan Agreement (KBS Strategic Opportunity REIT, Inc.)
Laborers, Subcontractors and Materialmen. Borrower shall notify Administrative Agent promptly, and in writing, if Borrower or Mortgage Borrower receives any written default notice, notice of lien or demand for past due payment, from any contractor, laborer, subcontractor or materialmen. Borrower ▇▇▇▇▇▇▇▇ will also furnish or cause to be furnished to Administrative Agent at any time and from time to time upon reasonable demand by Administrative Agent, lien waivers in form reasonably satisfactory to Administrative Agent bearing a then current date from the applicable contractor(s).to
Appears in 1 contract
Sources: Senior Loan Agreement (Pacific Oak Strategic Opportunity REIT, Inc.)