Contesting Impositions. Other than insurance premiums, Borrower may contest, at its expense, by appropriate legal proceedings, the amount or validity of any Imposition if:
Appears in 2 contracts
Sources: Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)
Contesting Impositions. Other than insurance premiums, Borrower may contest, at its expense, by appropriate legal proceedings, the amount or validity of any Imposition if:
(1) Borrower notifies Lender of the commencement or expected commencement of such proceedings;
(2) Lender determines that the applicable Mortgaged Property is not in danger of being sold or forfeited;
Appears in 1 contract
Sources: Master Credit Facility Agreement (Brookdale Senior Living Inc.)