Common use of Additional Searches Clause in Contracts

Additional Searches. In addition to any searches required pursuant to Sections 2.8.1, 2.8.3, and 2.8.4, Lender may at any time request additional UCC, judgment, lien, bankruptcy and litigation searches with respect to the Property, Borrower, and Mortgage Borrower; provided, however, that any such request shall not be made more than four (4) times in any calendar year and that no Advance shall be conditioned upon Lender’s receipt of the searches.

Appears in 2 contracts

Sources: Second Mezzanine Loan Agreement, Second Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)