Defense of Administrative Agent’s Interests Clause Samples

Defense of Administrative Agent’s Interests. If legal proceedings shall be instituted against the interest of Administrative Agent or the Lenders in the Mortgaged Property, Borrower, upon its learning thereof, will promptly give written notice thereof to Administrative Agent and Borrower will, at Borrower’s cost and expense, exert itself diligently to cure, or will cause to be cured, any defect that may be developed or claimed and will take all necessary and proper steps for the protection and defense thereof and will take, or will cause to be taken, such action as is appropriate to the defense of any such legal proceedings, including, but not limited to, the employment of counsel and the prosecution and defense of litigation. ny-1976262