Common use of Furnishing Notices Clause in Contracts

Furnishing Notices. Borrower shall provide Lender with copies of all material notices pertaining to Borrower, any Guarantor or the Project received by Borrower from any Tenant, Guarantor, Governmental Authority or insurance company within seven (7) days after such notice is received. In addition, Borrower shall promptly provide Lender with written notice of any litigation, arbitration, or other proceeding or governmental investigation pending or, to Borrower’s or any Guarantor’s knowledge, threatened against Borrower, any Guarantor relating to the Project. Notwithstanding the foregoing, Borrower shall not be obligated to provide Lender with such written notice in respect of personal injury litigation against Borrower or the Project if the amount claimed is less than $100,000.00, as long as the maximum liability under such cases is covered in its entirety by liability insurance maintained by Borrower and the insurance carrier has not refused the tender of defense or coverage.

Furnishing Notices. Borrower shall provide Lender with copies of all material notices pertaining to Borrower, any Guarantor or the Project received by Borrower from any Tenant, Guarantor, Governmental Authority or insurance company within seven (7) days after such notice is received. In addition, Borrower shall promptly provide Lender with written notice of any litigation, arbitration, or other proceeding or governmental investigation pending or, to Borrower’s or any Guarantor’s knowledge, threatened against Borrower, any Guarantor relating to the Project. Notwithstanding the foregoing, Borrower shall not be obligated to provide Lender with such written notice in respect of personal injury litigation against Borrower or the Project if the amount claimed is less than $100,000.00, as long as the maximum liability under such cases is covered in its entirety by liability insurance maintained by Borrower and the insurance carrier has not refused the tender of defense or coverage.

Furnishing Notices. Borrower shall provide Lender with copies of all material notices pertaining to Borrower, any Guarantor or the Project received by Borrower from any Tenant, Guarantor, Governmental Authority or insurance company within seven (7) days after such notice is received. In addition, Borrower shall promptly provide Lender with written notice of any litigation, arbitration, or other proceeding or governmental investigation pending or, to Borrower’s 's or any Guarantor’s 's knowledge, threatened against Borrower, any Guarantor relating to the Project. Notwithstanding the foregoing, Borrower shall not be obligated to provide Lender with such written notice in respect of personal injury litigation against Borrower or the Project if the amount claimed is less than $100,000.00, as long as the maximum liability under such cases is covered in its entirety by liability insurance maintained by Borrower and the insurance carrier has not refused the tender of defense or coverage.