DIL Notice definition
DIL Notice has the meaning provided in Section 14(b).
DIL Notice means a notice given by Lender to Guarantor requesting that Guarantor cause Borrower to make a DIL Tender and which contains the following information: (i) to the extent then known by Lender, the complete name, state of formation and address of the proposed grantee and (ii) a proposed date of closing which shall not be less than 30 days after the date of such notice and which may be adjourned by Lender.
Examples of DIL Notice in a sentence
After having given a DIL Notice, Lender may give a CF Notice and after having given a CF Notice Lender may give a DIL Notice, and the latest of such notices shall supercede any prior notice(s).
Following the giving of a DIL Notice or CF Notice, Guarantor shall cause Borrower to cooperate with Lender so as to promptly provide Lender with such information and documentation about the property (including information regarding leases, tenants, income and expenses) as Lender may reasonably request to facilitate and plan for the transfer of title to the Property.