Reporting on Adverse Effects. Promptly and in no event more than two (2) Business Days after the Borrowers obtain knowledge of any matter or the occurrence of any event concerning any Relevant Party which would reasonably be expected to have a Material Adverse Effect, the written statement of a Responsible Officer of Borrower Representative setting forth the details of such Material Adverse Effect and the action which such Relevant Party is taking or proposes to take with respect thereto.
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Sources: Loan Agreement (Bluerock Homes Trust, Inc.), Loan Agreement (Bluerock Residential Growth REIT, Inc.)
Reporting on Adverse Effects. Promptly and in no event more than two (2) Business Days after the Borrowers obtain knowledge of any matter or the occurrence of any event concerning any Relevant Party which would reasonably be expected to have a Material Adverse Effect, the written statement of a Responsible Officer of Borrower Representative setting forth the details of such Material Adverse Effect and the action which such Relevant Party is taking or proposes to take with respect thereto.. β
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