ASSET LOAN DOCUMENTS Sample Clauses

ASSET LOAN DOCUMENTS. Neither Borrower nor any Asset Guarantor shall amend, modify or supplement any of the Asset Loan Documents without Lender’s prior written consent. Neither Borrower nor any Asset Guarantor shall waive or modify any defaults by any Asset Borrower under the Asset Loan Documents or waive or modify any maturity date extension requirements under the Asset Loan Documents, each without Lender’s prior written consent. Neither Borrower nor any Asset Guarantor shall commence any foreclosure or other remedial action without Lender’s prior written consent and neither Borrower nor any Asset Guarantor shall consummate any foreclosure or other remedies under any of the Asset Loan Documents without Lender’s prior written consent. Neither Borrower nor any Asset Guarantor shall release any collateral securing any portion of any Asset Loan, except pursuant to Article 8 below. Lender’s prior written consent for an amendment or modification of any Asset Loan under this Section 4.4. shall not be unreasonably withheld, conditioned or delayed for an amendment or modification of any Asset Loan so long as the item for which Lender’s consent is requested does not materially modify the terms of the Asset Loan or affect Lender’s security in the Collateral or affect Borrower’s ability to perform its obligations under the Loan Documents. Notwithstanding anything the contrary contained herein or the other Loan Documents, (i) Lender’s prior written consent shall not be required for amendments, modifications or supplements to any of the Asset Loan Documents that are solely of a de minimis and administrative nature, such as, for example, the modification of notice information, and (ii) Borrower shall provide Lender with prior written notice of any amendment, modification, supplement, waiver, or commencement or exercise of any remedial action in connection with any Asset Loan and provide Lender with copies of documents relating thereto promptly following execution or receipt thereof.
AutoNDA by SimpleDocs
ASSET LOAN DOCUMENTS. (i) The validity or effectiveness of any Asset Loan Document or the transfer, grant, pledge or assignment by the Person executing it is materially impaired as determined by the non-appealable decision of a court of competent jurisdiction; (ii) it is determined by the non-appealable decision of a court of competent jurisdiction that any Asset Loan Document is not a legal, valid and binding obligation of such party enforceable in accordance with its terms; (iii) the security interest or lien purporting to be created by any of the Asset Loan Documents ceases to be a valid, perfected lien; or (iv) any Asset Loan Document is amended, subordinated, terminated or discharged, or any Person is released from any of its covenants or obligations except to the extent that Lender expressly consents in writing thereto; or

Related to ASSET LOAN DOCUMENTS

  • Credit Agreement; Loan Documents This Agreement or counterparts hereof shall have been duly executed by, and delivered to, Borrowers, each other Credit Party, Agent and Lenders; and Agent shall have received such documents, instruments, agreements and legal opinions as Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including all those listed in the Closing Checklist attached hereto as Annex D, each in form and substance reasonably satisfactory to Agent.

  • Senior Loan Documents Borrower represents and warrants that it has provided PFG with true and complete copies of all existing Senior Loan Documents, and Borrower covenants that it will, in the future, provide PFG with true and complete copies of any future Senior Loan Documents, including without limitation any amendments to any existing Senior Loan Documents.

  • Loan Documents Borrower shall provide to Lender the following documents for the Loan: (1) the Note; (2) Security Agreements granting to Lender security interests in the Collateral; (3) financing statements and all other documents perfecting Lender's Security Interests; (4) evidence of insurance as required below; (5) together with all such Related Documents as Lender may require for the Loan; all in form and substance satisfactory to Lender and Lender's counsel.

  • Mortgage Loan Documents 2. Residential loan application.

  • Existing Loan Documents Copies of all Existing Loan Documents.

  • Execution of Credit Agreement; Loan Documents The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrower, (iii) counterparts of the Security Agreement and each other Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable and (iv) counterparts of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto.

  • Other Loan Documents The occurrence of any default under any Loan Document or any other agreement between Borrower and Lender and such default continues for more than ten (10) days after the earlier of (a) Lender has given notice of such default to Borrower, or (b) Borrower has actual knowledge of such default; or

  • Required Loan Documents The Collateral Custodian will not dispose of any documents constituting the Required Loan Documents in any manner that is inconsistent with the performance of its obligations as the Collateral Custodian pursuant to this Agreement and will not dispose of any Collateral Portfolio except as contemplated by this Agreement.

  • Perform Loan Documents Borrower shall observe, perform and satisfy all the terms, provisions, covenants and conditions of, and shall pay when due all costs, fees and expenses to the extent required under the Loan Documents executed and delivered by, or applicable to, Borrower.

  • Facility Documents Terminate, amend or otherwise modify any Facility Document or the Master Agency Agreement, or grant any waiver or consent thereunder, except in accordance with the terms thereof.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!