Compliance with Loan DocumentsCompliance with Loan Documents Sample Clauses

Compliance with Loan DocumentsCompliance with Loan Documents. Tenant ------------------------------ and Guarantor acknowledge that [i] Landlord is acquiring the Leased Property subject to the Mortgage; [ii] Landlord and HCN will assume the obligations set forth in the Mortgage and Loan Documents; and [iii] Landlord and HCN would not have assumed the obligations set forth in the Mortgage or the Loan Documents without Tenant and Guarantor's agreement to comply with the terms and conditions set forth in the Loan Documents as hereinafter set forth. Tenant and Guarantor have each reviewed the Loan Documents and are familiar with the terms and conditions thereof. Tenant and Guarantor agree to comply with the terms and conditions set forth in the Loan Documents to the extent such terms and conditions apply to Tenant or Guarantor, or the operation of the Facility including, but not limited to, satisfying all insurance requirements, maintaining required reserves and escrow accounts, making payments due thereunder other than regularly scheduled payments of principal and interest, and granting access to the Property to the Lenders as set forth in the Loan Documents. Neither Tenant nor Guarantor shall, in connection with either Tenant's or Guarantor's compliance with the terms and conditions of the Loan Documents and the operation of the Facility, create or permit any third party (other than Landlord for which neither Tenant nor Guarantor assumes any responsibility hereunder) to create any condition that would cause an Event of Default, as defined in any such Loan Documents. Tenant's or Guarantor's failure to comply with the Loan Documents to the extent such terms and conditions apply to Tenant or Guarantor, or the operation of the Facility and to cure same within any applicable cure period provided for in the Loan Documents shall be an Event of Default under this Lease. 15.12.1 Tenant acknowledges that under the terms of Landlord's assumption of the Loan Documents, Lender has required the Letter of Credit. Tenant agrees, at Tenant's sole cost and expense, to deliver the Letter of Credit to Lender and, except as otherwise provided herein, to maintain the Letter of Credit in effect for so long as required by Lender. In the event of a draw upon the Letter of Credit or upon the expiration of the Letter of Credit, Tenant shall be responsible, at Tenant's sole cost and expense, to provide a replacement Letter of Credit satisfactory to Lender unless the draw on the Letter of Credit is caused by a Landlord Default as defined in 15.12.
Sample 1
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Related to Compliance with Loan DocumentsCompliance with Loan Documents

  • Compliance with Loan Documents Borrower shall promptly comply with any and all covenants and provisions of the Loan Documents.

  • Non-Compliance with Loan Documents (a) Failure by any Loan Party to comply with or to perform any covenant set forth in Section 10.1.5, 10.3(b), 10.5 or 10.9 or Section 11; or (b) failure by any Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document (and not constituting an Event of Default under any other provision of this Section 13) and continuance of such failure described in this clause (b) for 30 days.

  • Compliance with Credit Agreement Such Grantor agrees to comply with all covenants and other provisions applicable to it under the Credit Agreement, including Sections 2.17 (Taxes), 11.3 (Costs and Expenses) and 11.4 (Indemnities) of the Credit Agreement and agrees to the same submission to jurisdiction as that agreed to by the Borrower in the Credit Agreement.

  • Compliance with Obligations Buyer must have performed and complied with all its covenants and obligations required by this Agreement to be performed or complied with at or prior to Closing (singularly and in the aggregate) in all material respects.

  • Compliance with Other Instruments The execution, delivery and performance by the Purchaser of this Agreement and the consummation by the Purchaser of the transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions of its organizational documents, (ii) of any instrument, judgment, order, writ or decree to which it is a party or by which it is bound, (iii) under any note, indenture or mortgage to which it is a party or by which it is bound, (iv) under any lease, agreement, contract or purchase order to which it is a party or by which it is bound or (v) of any provision of federal or state statute, rule or regulation applicable to the Purchaser, in each case (other than clause (i)), which would have a material adverse effect on the Purchaser or its ability to consummate the transactions contemplated by this Agreement.

  • Compliance with Other Instruments, etc The Servicer is not in violation of any term of its certificate of incorporation or by-laws. The execution, delivery and performance by the Servicer of the Transaction Documents to which it is a party do not and will not (i) conflict with or violate the organizational documents of the Servicer, (ii) conflict with or result in a breach of any of the terms, conditions or provisions of, or constitute a default under, or result in the creation of any Lien on any of the properties or assets of the Servicer pursuant to the terms of any instrument or agreement to which the Servicer is a party or by which it is bound where such conflict would have a material adverse effect on the Servicer’s activities or its ability to perform its obligations under the Transaction Documents or (iii) require any consent of or other action by any trustee or any creditor of, any lessor to or any investor in the Servicer.

  • Compliance with Agreements Promptly and fully comply with all Contractual Obligations to which any one or more of them is a party, except for any such Contractual Obligations (a) the nonperformance of which would not cause a Default or Event of Default, (b) then being contested by any of them in good faith by appropriate proceedings, or (c) if the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

  • Compliance with Material Agreements Borrower shall, and shall cause each of its Subsidiaries to, comply in all material respects with all Senior Documents, material agreements, indentures, mortgages or documents binding on it or affecting its properties or business.

  • Compliance with Laws and Agreements; No Default Except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, each Loan Party and each Subsidiary is in compliance with (i) all Requirements of Law applicable to it or its property and (ii) all indentures, agreements and other instruments binding upon it or its property. No Default has occurred and is continuing.

  • Compliance with Other Agreements Employee represents and warrants that the execution of this Agreement by him and his performance of his obligations hereunder will not conflict with, result in the breach of any provision of or the termination of or constitute a default under any agreement to which Employee is a party or by which Employee is or may be bound.

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