Common use of Patriot Act Compliance Clause in Contracts

Patriot Act Compliance. Borrower shall use its good faith and commercially reasonable efforts to comply with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the Project, including those relating to money laundering and terrorism. Funding Lender shall have the right to audit Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the Project, including those relating to money laundering and terrorism. In the event that Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all costs and expenses incurred by Funding Lender in connection therewith shall be secured by the Security Instrument and shall be immediately due and payable.

Appears in 7 contracts

Samples: Funding Loan Agreement, Borrower Loan Agreement, Borrower Loan Agreement

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Patriot Act Compliance. Borrower shall will use its good faith and commercially reasonable efforts to comply with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the Project, including those relating to terrorism and money laundering and terrorismlaundering. Funding Lender shall have the right to audit Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the Project, including those relating to terrorism and money laundering and terrorismlaundering. In the event that Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all therewith. All costs and expenses incurred by Funding Lender in connection therewith shall be paid by Borrower to Lender, upon demand, with interest at the Default Rate from the date such costs and expenses were incurred to and including the date the reimbursement payment is received by Lender. All such indebtedness shall be secured by the Security Instrument and shall be immediately due and payableInstrument.

Appears in 6 contracts

Samples: Loan Agreement (Ionis Pharmaceuticals Inc), Loan Agreement (Ionis Pharmaceuticals Inc), Loan Agreement (KBS Strategic Opportunity REIT, Inc.)

Patriot Act Compliance. Borrower shall use its good faith and commercially reasonable efforts to comply with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the Project, including those relating to money laundering and terrorism. Funding Lender shall have the right to audit Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the Project, including those relating to money laundering and terrorism. In the event that Borrower Xxxxxxxx fails to comply with the Patriot Act or any such requirements of Governmental Authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all costs and expenses incurred by Funding Lender in connection therewith shall be secured by the Security Instrument and shall be immediately due and payable.

Appears in 6 contracts

Samples: Borrower Loan Agreement, Borrower Loan Agreement, Borrower Loan Agreement

Patriot Act Compliance. (a) Borrower shall will use its good faith and commercially reasonable efforts to comply with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the ProjectProperty, including those relating to money laundering and terrorism. Funding Lender shall have the right to audit Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the ProjectProperty, including those relating to money laundering and terrorism. In the event that Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all costs and expenses incurred by Funding Lender in connection therewith shall be secured by the Security Instrument Mortgage and the other Loan Documents and shall be immediately due and payable.

Appears in 5 contracts

Samples: Loan Agreement (Clipper Realty Inc.), Loan Agreement, Loan Agreement (Strategic Hotels & Resorts, Inc)

Patriot Act Compliance. (a) Borrower shall will use its good faith and commercially reasonable efforts to comply with the Patriot Act (as defined below) and all applicable requirements of Governmental Authorities governmental authorities having jurisdiction over Borrower and/or and the ProjectProperty, including those relating to money laundering and terrorism. Funding Lender shall have the right to audit Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities governmental authorities having jurisdiction over Borrower and/or and the ProjectProperty, including those relating to money laundering and terrorism. In the event that Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authoritiesgovernmental authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all reasonable costs and expenses incurred by Funding Lender in connection therewith shall be secured by the Security Instrument Mortgage and the other Loan Documents and shall be immediately due and payable.. For purposes hereof, the term “

Appears in 5 contracts

Samples: Loan Agreement (Maguire Properties Inc), Loan Agreement (Behringer Harvard Reit I Inc), Loan Agreement (Maguire Properties Inc)

Patriot Act Compliance. (a) Borrower shall will use its good faith and commercially reasonable efforts to comply with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the ProjectProperty, including those relating to money laundering and terrorism. Funding Lender shall have the right to audit Borrower’s 's compliance with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the ProjectProperty, including those relating to money laundering and terrorism. In the event that Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all costs and expenses incurred by Funding Lender in connection therewith shall be secured by the Security Instrument Mortgage and the other Loan Documents and shall be immediately due and payable.

Appears in 3 contracts

Samples: Loan Agreement (Lodging Fund REIT III, Inc.), Loan Agreement (Lodging Fund REIT III, Inc.), Loan Agreement (Bluerock Residential Growth REIT, Inc.)

Patriot Act Compliance. (a) Borrower shall will use its good faith and commercially reasonable efforts to comply with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the ProjectProperty, including those relating to money laundering and terrorism. Funding Lender shall have the right to audit Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the ProjectProperty, including those relating to money laundering and terrorism. In the event that Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all costs and expenses incurred by Funding Lender in connection therewith shall be secured by the Security Instrument Deed of Trust and the other Loan Documents and shall be immediately due and payable.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Terra Tech Corp.), Loan Agreement (Terra Tech Corp.)

Patriot Act Compliance. Borrower shall will use its good faith and commercially reasonable efforts to comply with the Patriot Act and all applicable requirements of Governmental Authorities governmental authorities having jurisdiction over of the Borrower and/or and the ProjectCollateral, including those relating to money laundering and terrorism. Funding The Lender shall have the right to audit the Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities governmental authorities having jurisdiction over of the Borrower and/or and the ProjectCollateral, including those relating to money laundering and terrorism. In the event that the Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authoritiesgovernmental authorities, then Funding the Lender may, at its option, cause the Borrower to comply therewith and any and all reasonable costs and expenses incurred by Funding the Lender in connection therewith shall be secured by the Security Instrument Documents and the other Loan Documents and shall be immediately due and payable.

Appears in 3 contracts

Samples: Credit Agreement (Cybex International Inc), Credit Agreement (Cybex International Inc), Credit Agreement (Cybex International Inc)

Patriot Act Compliance. (a) Borrower shall will use its good faith and commercially reasonable efforts to comply with the Patriot Act (as defined below) and all applicable requirements of Governmental Authorities governmental authorities having jurisdiction over Borrower and/or and the ProjectProperty, including those relating to money laundering and terrorism. Funding Lender shall have the right to audit Borrower’s 's compliance with the Patriot Act and all applicable requirements of Governmental Authorities governmental authorities having jurisdiction over Borrower and/or and the ProjectProperty, including those relating to money laundering and terrorism. In the event that Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authoritiesgovernmental authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all reasonable costs and expenses incurred by Funding Lender in connection therewith shall be secured by the Security Instrument Mortgage and the other Loan Documents and shall be immediately due and payable.. For purposes hereof, the term "

Appears in 2 contracts

Samples: Loan Agreement (Ambase Corp), Loan Agreement (Ambase Corp)

Patriot Act Compliance. (a) Borrower shall will use its good faith and commercially reasonable efforts to comply with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the Projectany Individual Property, including those relating to money laundering and terrorism. Funding Lender shall have the right to audit Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the Projectany Individual Property, including those relating to money laundering and terrorism. In the event that Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all costs and expenses incurred by Funding Lender in connection therewith shall be secured by the Security Instrument Mortgage and the other Loan Documents and shall be immediately due and payable.

Appears in 2 contracts

Samples: Loan Agreement (W2007 Grace Acquisition I Inc), Loan Agreement (American Realty Capital Hospitality Trust, Inc.)

Patriot Act Compliance. Borrower shall use its good faith and commercially reasonable efforts to comply with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the Project, including those relating to money laundering and terrorism. Funding Lender shall have the right to audit audit, with reasonable frequency, Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the Project, including those relating to money laundering and terrorism. In the event that Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all costs and expenses incurred by Funding Lender in connection therewith shall be secured by the Security Instrument and shall be immediately due and payable.

Appears in 1 contract

Samples: Borrower Loan Agreement

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Patriot Act Compliance. (a) Borrower shall will use its good faith and commercially reasonable efforts to comply with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the ProjectProperty, including those relating to money laundering and terrorism. Funding Lender shall have the right to audit Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the ProjectProperty, including those relating to money laundering and terrorism. In the event that Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all costs and expenses incurred by Funding Lender in connection therewith shall be secured by the Security Instrument Mortgage and the other Loan Documents and shall be immediately due and payable.. 66

Appears in 1 contract

Samples: Loan Agreement (New York REIT, Inc.)

Patriot Act Compliance. (a) Borrower shall will use its good faith and commercially reasonable efforts to comply with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the ProjectProperty, including those relating to money laundering and terrorism. Funding Lender shall have the right to audit Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the ProjectProperty, including those relating to money laundering and terrorism. In the event that Borrower Xxxxxxxx fails to comply with the Patriot Act or any such requirements of Governmental Authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all costs and expenses incurred by Funding Lender in connection therewith shall be secured by the Security Instrument Mortgage and the other Loan Documents and shall be immediately due and payable.

Appears in 1 contract

Samples: Loan Agreement

Patriot Act Compliance. (a) Borrower shall will use its good faith and commercially reasonable efforts to comply with the Patriot Act (as defined below) and all applicable requirements of Governmental Authorities governmental authorities having jurisdiction over Borrower and/or and the ProjectProperty, including those relating to money laundering and terrorism. Funding Lender shall have the right to audit Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities governmental authorities having jurisdiction over Borrower and/or and the ProjectProperty, including those relating to money laundering and terrorism. In the event that Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authoritiesgovernmental authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all reasonable costs and expenses incurred by Funding Lender in connection therewith shall be secured by the Security Instrument and the other Loan Documents and shall be immediately due and payable.. For purposes hereof, the term “

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Patriot Act Compliance. (a) Borrower shall will use its good faith and commercially reasonable efforts to comply with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the ProjectProperty, including those relating to money laundering and terrorism. Funding Lender shall have the right to audit Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the ProjectProperty, including those relating to money laundering and terrorism. In the event that Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all reasonable out-of-pocket costs and expenses incurred by Funding Lender in connection therewith shall be secured by the Security Instrument Mortgage and the other Loan Documents and shall be immediately due and payable.

Appears in 1 contract

Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

Patriot Act Compliance. (a) Borrower shall use its good faith and commercially reasonable efforts to comply in all material respects with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the ProjectProperty, including those relating to money laundering and terrorism. Funding Lender shall have the right to audit Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities having jurisdiction over Borrower and/or the ProjectProperty, including those relating to money laundering and terrorism. In the event that Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all costs and expenses incurred by Funding Lender in connection therewith shall be secured by the Security Instrument and the other Loan Documents and shall be immediately due and payable.

Appears in 1 contract

Samples: Loan Agreement (Cole Credit Property Trust V, Inc.)

Patriot Act Compliance. Borrower shall will use its good faith and commercially reasonable efforts to comply with the Patriot Act and all applicable requirements of Governmental Authorities governmental authorities having jurisdiction over of the Borrower and/or and the ProjectCollateral, including those relating to money laundering and terrorism. Funding The Lender shall have the right to audit the Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities governmental authorities having jurisdiction over of the Borrower and/or and the ProjectCollateral, including those relating to money laundering and terrorism. In the event that the Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authoritiesgovernmental authorities, then Funding the Lender may, at its option, cause the Borrower to comply therewith and any and all reasonable costs and expenses incurred by Funding the Lender in connection therewith shall be secured by the Security Instrument Agreement and the other Loan Documents and shall be immediately due and payable.

Appears in 1 contract

Samples: Credit Agreement (Cybex International Inc)

Patriot Act Compliance. (a) Borrower shall will use its good faith and commercially reasonable efforts to comply with the Patriot Act (as defined below) and all applicable requirements of Governmental Authorities governmental authorities having jurisdiction over Borrower and/or and the ProjectProperty, including those relating to money laundering and terrorism. Funding Lender shall have the right to audit Borrower’s compliance with the Patriot Act and all applicable requirements of Governmental Authorities governmental authorities having jurisdiction over Borrower and/or and the ProjectProperty, including those relating to money laundering and terrorism. In the event that Borrower fails to comply with the Patriot Act or any such requirements of Governmental Authoritiesgovernmental authorities, then Funding Lender may, at its option, cause Borrower to comply therewith and any and all reasonable costs and expenses incurred by Funding Lender in connection therewith shall be secured by the Security Instrument Mortgage and the other Loan Documents and shall be immediately due and payable.and

Appears in 1 contract

Samples: Loan Agreement (Maguire Properties Inc)

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