Assignment of Project Documents Sample Clauses

Assignment of Project Documents. Each assignment of project documents made by a Borrower to the Agent for the benefit of the Lenders, as the same may be modified or amended, pursuant to which a Borrower assigns and grants a security interest in such Borrower’s right, title and interest in and to, among other things, the Architect’s Contract, Construction Contract, Plans and Specifications and Project Consents pertaining to the applicable Vertical Commercial Improvements, each such assignment of project documents to be in form and substance satisfactory to the Agent.
AutoNDA by SimpleDocs
Assignment of Project Documents. Borrower shall have assigned to Lender, in form and substance satisfactory to Lender, the Project Documents.
Assignment of Project Documents. The Assignment of Project Documents, dated or to be dated on or prior to the Closing Date, made by the Borrower to the Agent for the benefit of the Banks, as the same may be modified or amended, pursuant to which the Borrower assigns and grants a security interest in the Borrower's right, title and interest in and to the Architect's Contract, the Construction Contract, the Plans and Specifications and the Project Approvals, such Assignment of Project Documents to be in form and substance satisfactory to the Agent. Balance Sheet Date. As to the Borrower and the General Partner February 27, 1998. As to Walden and WDOP Decexxxx 01, 1997. As to The Grupe Company Decembxx 00, 1996.
Assignment of Project Documents. The Borrower will execute and deliver to the Administrative Agent for the benefit of the Banks the Assignment of Project Documents assigning to the Administrative Agent for the benefit of the Banks, as security for the payment and performance of the Debt, all of the Borrower’s right, title and interest in, to and under the Management Agreement, Construction Documents, the other Project Agreements and the Project Permits and all of the Borrower’s right, title and interest in, to and under all other contracts, instruments, documents, licenses, permits, surveys, approvals and agreements of any kind relating to all or any part of the Project, now owned or hereafter acquired, and the proceeds of any of the foregoing; provided that, so long as no Event of Default shall have occurred and be continuing, the Borrower shall have the benefits of such right, title and interest, except the Borrower shall not terminate, cancel or amend or suffer or permit the termination, cancellation or amendment or default or expiration of any assigned instrument without the Administrative Agent’s prior approval, other than any amendment (i) for which the Administrative Agent’s consent is not otherwise expressly required by the terms of this Agreement, (ii) which does not jeopardize or adversely affect operation of the Project or the security for the Debt, and (iii) of which the Administrative Agent is given a copy. The Borrower shall continue to be solely liable for all obligations of the Borrower under any assigned instrument and neither the Borrower nor any other party thereto shall look to the Administrative Agent or the Banks to pay or perform any of such obligations unless and until the Administrative Agent shall have notified such party in writing that the Administrative Agent has elected to assume such obligations, and then only to the extent set forth in such assumption. In the event of a sale or foreclosure under the Mortgage, the purchaser at such sale or foreclosure shall also acquire all of the right, title and interest of the Borrower in, to and under such contracts, instruments, documents, licenses, permits, surveys, approvals and agreements, but such purchaser shall be liable only for the obligations expressly assumed by such purchaser.
Assignment of Project Documents. As used herein, "Assignment of ------------------------------- Project Documents" shall mean the Collateral Assignment of Project Documents from Borrower to Lender of even date herewith in a form mutually agreed to by Borrower and Lender.
Assignment of Project Documents. As such term is defined in Section 4.2, as the same may be amended, supplemented, restated or otherwise modified from time to time.
Assignment of Project Documents. The Collateral Assignment and Security Agreement in Respect of Contracts, Licenses and Permits, dated or to be dated on or prior to the Closing Date, made by the Borrower in favor of Lender, as the same may hereafter be amended with the prior written consent of Lender. BALANCE SHEET DATE. December 31, 1999. BORROWER'S REQUIRED EQUITY OR BORROWER'S REQUIRED EQUITY FUNDS. The amount of $17,500,000 to be applied first to the costs of the Acquisition and $4,500,000 to be applied first to Project Costs, together with any other amounts as the Lender shall determine due and owing from time to time pursuant to Section 2.5 or Section 10.10 hereof BUSINESS DAY. Any day on which the Lender is open for the transaction of banking business in Boston, Massachusetts.
AutoNDA by SimpleDocs
Assignment of Project Documents. Throughout the Original Deed ------------------------------- of Trust, the term "Assignment of Project Documents" shall be deemed to refer to that certain Collateral Assignment of Project Documents, dated as of February 27, 1991, by and between Trustor as assignor and Beneficiary as assignee, as amended by that certain First Modification to Collateral Assignment of Project Documents, of even date herewith, as such Assignment of Project Documents from time to time may be further amended, modified, supplemented, restated or extended.
Assignment of Project Documents. The Assignment of Project Documents dated as of the Closing Date, made by Borrower in favor of Agent for the benefit of Lenders, as the same may be amended, restated, supplemented or otherwise modified from time to time.
Assignment of Project Documents. As additional security for the payment of the Term Loan, Borrower hereby transfers and assigns to Agent for the account of Term Lenders all of Borrower's rights and interest, but not its obligations, in, under and to the Project Documents upon the following terms and conditions:
Time is Money Join Law Insider Premium to draft better contracts faster.