Adequate Capitalization. Borrower will maintain adequate capital for the normal obligations reasonably foreseeable in a business of its size and character, and in light of its contemplated business operations, it will pay its debts and liabilities from its own assets as the same become due; provided, however, nothing in this Section 6.55 will require any member or partner of Borrower or any Borrower Principal to make any equity contribution to Borrower.
Appears in 4 contracts
Samples: Multifamily Loan and Security Agreement, Loan Agreement, Loan Agreement
Adequate Capitalization. Borrower will maintain adequate capital for the normal obligations reasonably foreseeable in a business of its size and character, and in light of its contemplated business operations, it will pay its debts and liabilities from its own assets as the same become due; provided, however, nothing in this Section 6.55 will require any member or partner of Borrower or any Borrower Principal to make any equity contribution to Borrower.. The following changes are made to the Loan Agreement which precedes this Rider:
A. Section 6.09(k) is deleted and replaced with the following:
Appears in 2 contracts
Samples: Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)
Adequate Capitalization. Borrower will maintain adequate capital for the normal obligations reasonably foreseeable in a business of its size and character, and in light of its contemplated business operations, it will pay its debts and liabilities from its own assets as the same such debts and liabilities become due; provided, however, nothing in this Section 6.55 will require any member or partner of Borrower or any Borrower Principal to make any equity contribution to Borrower.
Appears in 1 contract
Samples: Loan Agreement
