Compliance With Loan Agreements. The Borrower will act in conformity with all material terms and conditions of the Loan Agreements and Required Loan Documents.
Compliance With Loan Agreements. The Servicer will act in conformity with all material terms and conditions of the Loan Agreements and Required Loan Documents.
Compliance With Loan Agreements. The loan agreement the Group has entered into makes the Group subject to a number of covenants dictating what actions the Group may and may not take. Should the Group breach these covenants, additional financing costs may incur and the loans may be accelerated, which could result in bankruptcy and liquidation of the Group. Such events would negatively affect the Group’s financial condition and return on the Shares. There is a risk that a refinancing in connection with such event would lead to increased costs or not being possible at all and therefore affect the Group’s financial conditions negatively.
Compliance With Loan Agreements. The loan agreement the Group has entered into has made the Group subject to a number of covenants dictating what actions the Group may and may not take. Should the Group breach these covenants, it may trigger increased amortsation and an up-streaming restriction. Further, additional financing costs may incur and the loans may be accelerated, which could result in bankruptcy and liquidation of the Group. Such events would negatively affect the Group’s financial condition and equity returns. The loan agreement which the Group has entered into contains a change of control clause. That clause restricts any legal person’s right to acquire or control more than a certain agreed share of the capital and/or voting rights of the Company. Should any person acquire or obtain ownership or control of 50% of the shares in the Company or more, the full amount outstanding under the loan agreement may be declared due and payable at short notice. There is a risk that a refinancing in connection with such event would lead to increased costs and therefore affect the Group’s financial conditions and the equity returns negatively.
Compliance With Loan Agreements. With respect to the Collateral, ------------------------------- Debtor shall comply with the provisions of the Loan Agreement applicable thereto, including, without limitation, maintenance of insurance, restrictions on dispositions, and providing Secured Party and its representatives the right to inspections with respect to the Collateral.
Compliance With Loan Agreements. 8 SECTION 3.15 Notice of Change in Place of Business. . . . . . . . . . . 8 SECTION 3.16 Rights of Way, Etc., Necessary in Business . . . . . . . . 8 SECTION 3.17 Limitations on Loans, Investments And Other Obligations. . . . . . . . . . . . . . . . . . . 8 SECTION 3.18 Sales of Assets. . . . . . . . . . . . . . . . . . . . . . 9
Compliance With Loan Agreements. Borrower shall comply with all covenants and agreements in the respective Loan Agreements, including, without limitation, all obligations regarding the ownership, operation, management and condition of the Property and the protection and perfection of the Liens hereby created in favor of Lender. Without limiting the foregoing, Borrower agrees:
Compliance With Loan Agreements. Notice of Amendments to, and Defaults under, Loan Agreements and Certain Other Agreements; Terms of Mortgage to Govern 17 SECTION 4.18 Notice of Change in Place of Business 17 SECTION 4.19 Rights of Way, etc., Necessary in Business 17 SECTION 4.20 Limitations on Loans, Investments and Other Obligations 17 TABLE OF CONTENTS, Continued Page ARTICLE V REMEDIES OF THE MORTGAGEE AND NOTEHOLDERS SECTION 5.01 Events of Default 18 SECTION 5.02 Acceleration of Maturity; Recision and Amendment 18 SECTION 5.03 Remedies of Mortgagee and Noteholders 19 SECTION 5.04 Application of Proceeds from Remedial Actions 21
Compliance With Loan Agreements. Owner having delivered to Operator full and complete copies of all relevant documents (the "Current Loan Documents") prior to the execution of this Agreement, Operator shall at all times during the Term comply with all of the terms, covenants and conditions set forth in the documents which evidence and secure that certain $215,000,000 construction loan (the "Fleet Loan") made by Fleet National Bank, N.A., Westdeustsche Immobilienbank and Ocean Bank (collectively, the "Lender") to Owner, and/or any other mortgage loan that may hereafter be secured by a mortgage or deed of trust 77 encumbering the Premises or the Club, provided that, as to all loan documents other than the Current Loan Documents, Owner shall submit to Operator full and complete copies of all relevant documents, it being agreed that Operator shall not be obligated to comply with the provisions of any documents other than the Current Loan Documents, where such compliance would result in the imposition upon Operator of restrictions or the incurrence by Operator of obligations which are in any material respect greater than the restrictions or obligations under the Current Loan Documents, unless Operators agrees to do so in its reasonable discretion.
Compliance With Loan Agreements. The Debtor will well and truly observe and perform all applicable covenants, agreements, terms, and conditions contained in the Loan Agreements.
