Common use of Service Guarantees Clause in Contracts

Service Guarantees. The Borrower will give notice to the Agent within ten (10) Business Days after (i) any claim by tenants or licensees of any Unencumbered Asset Pool Property that they are entitled, individually or in the aggregate, to free rent, partial rent, rebate of rent payments, credit, offset or deduction in rent in excess of $1,000,000.00 per occurrence, or (ii) any failure to provide electrical power or internet service that gives rise to a termination right under any Lease or Leases of any Unencumbered Asset Pool Property that will result in the loss of rent, individually or in the aggregate, in excess of $3,000,000 in any twelve month period.