Common use of Mezzanine A Loan Estoppels Clause in Contracts

Mezzanine A Loan Estoppels. Borrower shall or shall cause Mezzanine A Borrower to from time to time, use reasonable efforts to obtain from Mezzanine A Lender such estoppel certificates with respect to the status of the Mezzanine A Loan and compliance by Mezzanine A Borrower with the terms of the Mezzanine A Loan Documents as may reasonably be requested by Lender. In the event or to the extent that Mezzanine A Lender is not legally obligated to deliver such estoppel certificates and is unwilling to deliver the same, or is legally obligated to deliver such estoppel certificates but breaches such obligation, then Borrower shall not be in breach of this provision so long as Borrower furnished to Lender estoppels executed by Borrower or Mezzanine A Borrower, each expressly representing to Lender the information requested by Lender regarding the status of the Mezzanine A Loan and the compliance by Mezzanine A Borrower with the terms of the Mezzanine A Loan Documents. Borrower shall indemnify, defend, and hold harmless Lender from and against all Losses which may be imposed on, incurred by, or asserted against Lender based in whole or in part upon any fact, event, condition, or circumstances relating to the Mezzanine A Loan which was misrepresented in such estoppel certificate executed by Borrower or Mezzanine A Borrower.

Appears in 4 contracts

Samples: Mezzanine B Loan Agreement (Northstar Realty Finance Corp.), Mezzanine B Loan Agreement (NorthStar Healthcare Income, Inc.), Mezzanine C Loan Agreement (Northstar Realty Finance Corp.)

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