Common use of Admission of Inability to Perform Clause in Contracts

Admission of Inability to Perform. Any Seller Party shall admit in writing to any Person its inability to, or its intention not to, perform any of its respective obligations under any Transaction Document.

Appears in 7 contracts

Samples: Master Repurchase Agreement (Fortress Credit Realty Income Trust), Master Repurchase Agreement (Cim Real Estate Finance Trust, Inc.), Master Repurchase Agreement (Cim Real Estate Finance Trust, Inc.)

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Admission of Inability to Perform. Any Seller Party shall admit in writing or in legal proceedings to any Person its inability to, or its intention not to, perform any of its respective obligations under any Transaction Document.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Claros Mortgage Trust, Inc.), Master Repurchase Agreement (Claros Mortgage Trust, Inc.)

Admission of Inability to Perform. Any Seller Party shall admit to Purchaser in writing or to any Person in a legal proceeding its inability to, or its intention not to, perform any of its respective obligations under any Transaction Document.

Appears in 1 contract

Samples: Master Repurchase Agreement (Benefit Street Partners Realty Trust, Inc.)

Admission of Inability to Perform. Any Seller Party shall admit to Purchaser in writing or in formal written communications to any other Person its inability to, or its intention not to, perform any of its respective obligations under any Transaction Document.

Appears in 1 contract

Samples: Master Repurchase Agreement (TPG RE Finance Trust, Inc.)

Admission of Inability to Perform. Any Seller Party shall admit in writing to any Person its inability to, or its intention not to, perform any of its respective obligations under any Transaction Document.

Appears in 1 contract

Samples: Master Repurchase Agreement (FS Credit Real Estate Income Trust, Inc.)

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Admission of Inability to Perform. Any Seller Party shall admit in writing to any Person its inability to, or its intention not to, perform any of its respective obligations under any Transaction Document.. (x)

Appears in 1 contract

Samples: Master Repurchase Agreement

Admission of Inability to Perform. Any Seller Party shall admit in writing to any Person or in a legal proceeding its inability to, or its intention not to, perform any of its respective obligations under any Transaction Document.

Appears in 1 contract

Samples: Master Repurchase Agreement (Colony NorthStar Credit Real Estate, Inc.)

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