Compliance With Mezzanine A Loan Documents Sample Clauses

Compliance With Mezzanine A Loan Documents. Borrower shall (or shall cause Mezzanine A Borrower or Mezzanine A Leasehold Pledgor, as applicable, to): (a) pay all principal, interest and reserve deposits required to be paid by Mezzanine A Borrower under and pursuant to the provisions of the Mezzanine A Loan Documents; (b) diligently perform and observe all of the terms, covenants and conditions of the Mezzanine A Loan Documents on the part of Mezzanine A Borrower and Mezzanine A Leasehold Pledgor to be performed and observed, unless such performance or observance shall be waived in writing by Mezzanine A Lender; (c) promptly notify Lender of the giving of any notice by Mezzanine A Lender to Mezzanine A Borrower, Mezzanine A Leasehold Pledgor or Borrower of any default by Mezzanine A Borrower or Mezzanine A Leasehold Pledgor in the performance or observance of any of the terms, covenants or conditions of the Mezzanine A Loan Documents on the part of Mezzanine A Borrower or Mezzanine A Leasehold Pledgor to be performed or observed and deliver to Lender a true copy of each such notice; and (d) not enter into or be bound by any Mezzanine A Loan Documents that are not approved by Lender. Without limiting the foregoing, Borrower shall cause Mezzanine A Borrower to fund all reserves required to be funded pursuant to the Mezzanine A Loan Documents. In the event of a refinancing of the Mezzanine A Loan permitted by the terms of this Agreement, Borrower will cause all reserves on deposit with Mezzanine A Lender to be utilized by Mezzanine A Borrower to reduce the amount due and payable to the Mezzanine A Lender or alternatively shall be remitted to Lender as a mandatory prepayment of the Loan. -187- Mezzanine B Loan Agreement
Sample 1
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Related to Compliance With Mezzanine A Loan Documents

  • Compliance with Loan Documents Borrowers will comply in all material respects with any and all covenants and provisions of this Loan Agreement, the Notes and all other 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 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 Transaction Documents The Company shall comply with, observe and timely perform each and every one of the covenants, agreements and obligations under the Transaction Documents.

  • 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 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 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.

  • Compliance with Other Instruments, Laws, Etc None of the Borrower, any Guarantor or any of their respective Subsidiaries is in violation of any provision of its charter or other organizational documents, bylaws, or any agreement or instrument to which it is subject or by which it or any of its properties is bound or any decree, order, judgment, statute, license, rule or regulation, in any of the foregoing cases in a manner that has had or could reasonably be expected to have a Material Adverse Effect.

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