Requests for Disbursements. Senior Lender hereby agrees to use reasonable efforts to promptly (x) notify each Mezzanine Lender of any requests by Borrower for disbursements of funds from Collateral Accounts and (y) provide each Mezzanine Lender with any documentation delivered by Borrower to Senior Lender with respect to any such request by Borrower for such a disbursement (provided that in no event shall failure by Senior Lender to provide such notice or documentation to a Mezzanine Lender constitute a default hereunder).
Appears in 2 contracts
Sources: Intercreditor Agreement, Intercreditor Agreement (KBS Real Estate Investment Trust, Inc.)