Common use of Securitization Opinions Clause in Contracts

Securitization Opinions. In the event the Loan is included as an asset of a Securitization by Lender or any of its Affiliates, Borrower shall, within fifteen (15) Business Days after Lender’s written request therefor, at Lender’s sole cost and expense, deliver opinions in form and substance and delivered by counsel reasonably acceptable to Lender and each Rating Agency, as may be reasonably required by Lender and/or each Rating Agency in connection with such securitization. Borrower’s failure to deliver the opinions required hereby within such ten (10) Business Day period shall constitute an “Event of Default” hereunder.

Appears in 2 contracts

Sources: Deed of Trust, Security Agreement, Assignment of Rents and Fixture Filing (Lightstone Value Plus Real Estate Investment Trust, Inc.), Deed of Trust, Security Agreement, Assignment of Rents and Fixture Filing (Lightstone Value Plus Real Estate Investment Trust, Inc.)

Securitization Opinions. In the event the Loan is included as an asset of a Securitization by Lender or any of its Affiliates, Borrower shall, within fifteen (15) Business Days after Lender’s ▇▇▇▇▇▇'s written request therefor, at Lender’s ▇▇▇▇▇▇'s sole cost and expense, deliver opinions in form and substance and delivered by counsel reasonably acceptable to Lender and each Rating Agency, as may be reasonably required by Lender and/or each the Rating Agency in connection with such securitization. Borrower’s ▇▇▇▇▇▇▇▇'s failure to deliver the opinions required hereby within such ten fifteen (1015) Business Day period shall constitute an "Event of Default" hereunder.

Appears in 2 contracts

Sources: Borrowing Agreement (U Haul International Inc), Loan Agreement (U Haul International Inc)

Securitization Opinions. In the event the Loan is included as an asset of a Securitization by Lender or any of its Affiliates, Borrower shall, within fifteen (15) Business Days after Lender’s written request therefor, at Lender’s sole but reasonable cost and expense, deliver opinions in form and substance and delivered by counsel reasonably acceptable to Lender and each Rating Agency, as may be reasonably required by Lender and/or each the Rating Agency in connection with such securitizationSecuritization. Borrower’s failure to deliver the opinions required hereby within such ten fifteen (1015) Business Day period shall constitute an “Event of Default” hereunder.

Appears in 1 contract

Sources: Mortgage, Security Agreement, Assignment of Rents and Fixture Filing (Behringer Harvard Reit I Inc)