BORROWER'S OBLIGATION TO Sample Clauses

BORROWER'S OBLIGATION TO. OCCUPY THE PROPERTY, TO MAINTAIN AND PROTECT THE PROPERTY, AND TO FULFILL ANY LEASE OBLIGATIONS; BORROWER'S LOAN APPLICATION
Sample 1
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BORROWER'S OBLIGATION TO. REFRAIN FROM DISCRIMINATION 32 12.1 Form of Nondiscrimination and Nonsegregation Clauses 33 13.0 HACOLA REQUIREMENTS 33 14.0 INDEPENDENT CONTRACTOR 34 15.0 ASSIGNMENT OF INTEREST IN THE SITE OR THE PROJECT 34 16.0 ASSIGNMENT OF THIS AGREEMENT 35 17.0 EVENTS OF DEFAULT AND REMEDIES 36 17.1. Borrower Events of Default 36 17.2 HACOLA Remedies 37 17.3 No Remedy Exclusive 38 17.4 HACOLA Default and Borrower Remedies 38 18.0 RESERVED 39 19.0 RESERVED 39 20.0 RIGHT OF ACCESS AND INSPECTION 39 21.0 CONFLICT OF INTEREST; NO INDIVIDUAL LIABILITY 40 22.0 AMENDMENTS, CHANGES AND MODIFICATIONS 40 23.0 EXECUTION OF COUNTERPARTS 40 24.0 NOTICES 40 25.0 SEVERABILITY 41 26.0 INTERPRETATION 41 27.0 NO WAIVER; CONSENTS 42 28.0 GOVERNING LAW 42 29.0 REPRESENTATIONS, WARRANTIES AND ADDITIONAL COVENANTS OF BORROWER 42 29.1 Organization and Standing 42 29.2 Enforceability 42 29.3 Authorization and Consents 42 29.4 Due and Valid Execution 42 29.5 Licenses 42 29.6 Litigation and Compliance 42 29.7 Default 43 29.8 No Violations 43 29.9 No Affiliation with Lenders 43 29.10 Information Accurate and No Change in Circumstances 43 29.10 Attachments / Exhibits 43 30.0 APPROVALS 44 LOAN AGREEMENT (PROJECT NO. YYXXXX) Transaction Summary Project Name: Borrower Name:  Limited Partnership  LLC  Nonprofit Public Benefit Corporation Other State of Formation of Borrower Entity:  California; Delaware; Other (specify) Developer Name (if separate entity from Borrower): Loan Amount: $ Interest Rate: 3% simple, 10% Default Repayment term: 30 years Repayment type: Residual Receipts (x.x%) Use of Loan Funds:  Acquisition  Rehabilitation  Construction (New) to Perm  Permanent Only  Other Project Financing Sources / Priority Relative to First 5 LA Loan: Note: Final funding amounts are subject to change Lender / Funder Construction Period Permanent Period Funding Amount Priority Funding Amount Priority Lender 1 $x,xxx,xxx Senior, 1st -0- N/A Lender 2 $x,xxx,xxx Senior, 2nd $x,xxx,xxx Senior, 1st Lender 3 $x,xxx,xxx Junior, 4th $x,xxx,xxx Junior, 3rd Grant X $x,xxx,xxx N/A $x,xxx,xxx N/A Deferred Developer Fee $x,xxx,xxx N/A $x,xxx,xxx N/A Equity $x,xxx,xxx N/A $x,xxx,xxx N/A Project Address: Location (Jurisdiction):  Incorporated Jurisdiction: Los Angeles  Unincorporated Assessor’s Parcel Number (APN):
Sample 1

Related to BORROWER'S OBLIGATION TO

  • Borrower’s Obligations Absolute Borrower acknowledges that Lender and/or certain Affiliates of Lender are engaged in the business of financing, owning, operating, leasing, managing, and brokering real estate and in other business ventures which may be viewed as adverse to or competitive with the business, prospect, profits, operations or condition (financial or otherwise) of Borrower. Except as set forth to the contrary in the Loan Documents, all sums payable by Borrower hereunder shall be paid without notice or demand, counterclaim, set-off, deduction or defense and without abatement, suspension, deferment, diminution or reduction, and the obligations and liabilities of Borrower hereunder shall in no way be released, discharged, or otherwise affected (except as expressly provided herein) by reason of: (a) any damage to or destruction of or any Taking of the Property or any portion thereof or any other Cross-collateralized Property; (b) any restriction or prevention of or interference with any use of the Property or any portion thereof or any other Cross-collateralized Property; (c) any title defect or encumbrance or any eviction from the Premises or any portion thereof by title paramount or otherwise; (d) any bankruptcy proceeding relating to Borrower, any General Partner, or any guarantor or indemnitor, or any action taken with respect to this Security Instrument or any other Loan Document by any trustee or receiver of Borrower or any other Cross-collateralized Borrower or any such General Partner, guarantor or indemnitor, or by any court, in any such proceeding; (e) any claim which Borrower has or might have against Lender; (f) any default or failure on the part of Lender to perform or comply with any of the terms hereof or of any other agreement with Borrower or any other Cross-collateralized Borrower; or (g) any other occurrence whatsoever, whether similar or dissimilar to the foregoing, whether or not Borrower shall have notice or knowledge of any of the foregoing.

  • Borrower’s Obligations not affected If for any reason the amount standing to the credit of the Operating Account is insufficient to repay any Drawing or to make any payment of interest when due, the Borrower’s obligation to repay that Drawing or to make that payment of interest shall not be affected.

  • Borrower’s obligations unaffected The provisions of this Clause 18 do not affect:

  • Performance of Borrowers’ Obligations Agent may, in its discretion at any time and from time to time, at Borrowers’ expense, pay any amount or do any act required of a Borrower under any Loan Documents or otherwise lawfully requested by Agent to (a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of Agent’s Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent under this Section shall be reimbursed to Agent by Borrowers, on demand, with interest from the date incurred to the date of payment thereof at the Default Rate applicable to Base Rate Revolver Loans. Any payment made or action taken by Agent under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents.

  • Lenders’ Obligations Several The obligations of the Lenders hereunder are several and not joint. Nothing contained in this Agreement and no action taken by the Lenders pursuant hereto shall be deemed to constitute the Lenders a partnership, association, joint venture or other entity.

  • Performance by Lender of Borrower's Obligations If the Borrower fails to perform or comply with any of its agreements contained in the Loan Documents and the Lender may itself perform or comply, or otherwise cause performance or compliance, with such agreement, the expenses of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Post-Default Rate, shall be payable by the Borrower to the Lender on demand and shall constitute Secured Obligations.

  • Lenders’ Obligations Several; Independent Nature of Lenders’ Rights The obligation of each Lender hereunder is several and not joint and no Lender shall be responsible for the obligation or commitment of any other Lender hereunder. In the event that any Lender at any time should fail to make a Loan as herein provided, the Lenders, or any of them, at their sole option, may make the Loan that was to have been made by the Lender so failing to make such Loan. Nothing contained in any Loan Document and no action taken by Agent or any Lender pursuant hereto or thereto shall be deemed to constitute Lenders to be a partnership, an association, a joint venture or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt.

  • Seller's Obligation The obligation of Seller to sell and deliver the Shares to Buyer is subject to the satisfaction (or waiver by Seller) as of the Closing of the following conditions:

  • Party A’s Obligations 4.1 The Services provided by Party B shall be exclusive and during the term of this Agreement, Party A shall not enter into any agreement with any third party for the purpose of engaging such third party to provide Party A with the same or similar Services of Party B without the prior written consent of Party B.

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