Compliance with Required Loan Restructurings Sample Clauses

Compliance with Required Loan Restructurings. Notwithstanding anything to the contrary set forth in the Loan Documents (a) each Mezzanine Borrower may comply in all respects with any requirements to restructure the applicable Mezzanine Loan pursuant to Article 9 of the applicable Mezzanine Loan Agreement (or any other similar provision in the applicable Mezzanine Loan Documents), (b) any borrower under any future mezzanine loan that is made or created in accordance with this Article 9 or in accordance with Article 9 of any Mezzanine Loan Agreement may comply in all respects with any requirements to restructure such mezzanine loan as required under its respective mezzanine loan documents, and (c) no actions taken by any Mezzanine Borrower or any such future mezzanine borrower in furtherance of the foregoing, including without limitation, any transfers, pledges or amendments to organizational documents, shall constitute a breach of any provisions of the Loan Documents, or result in a Default or Event of Default hereunder.
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Compliance with Required Loan Restructurings. Notwithstanding anything to the contrary set forth in the Loan Documents (a) Owner and Operating Lessee may comply in all respects with any requirements to restructure the Mortgage Loan pursuant to Article 9 of the Mortgage Loan Agreement (or any other similar provision in the Mortgage Loan Documents), (b) any borrower under any future mezzanine loan that is made or created in accordance with Article 9 of the Mortgage Loan Agreement may comply in all respects with any requirements to restructure the applicable loan as required under its respective loan documents, and (d) no actions taken by the Owner, Operating Lessee or any future mezzanine borrower in furtherance of the foregoing, including, without limitation, any transfers, pledges or amendments to organizational documents shall constitute a breach of any provisions of the Loan Documents, or result in a default or Event of Default hereunder. [No Further Text On This Page]
Sample 1Sample 2
Compliance with Required Loan Restructurings. Notwithstanding anything to the contrary set forth in the Loan Documents (a) Mezzanine A Borrower and Mezzanine A Leasehold Pledgor may comply in all respects with any requirements to restructure the Mezzanine A Loan pursuant to Article 9 of the Mezzanine A Loan Agreement (or any other similar provision in the Mezzanine A Loan Documents), (b) no actions taken by Mezzanine A Borrower or any future mezzanine borrower in furtherance of the foregoing, including without limitation, any transfers, pledges or amendments to organizational documents, shall constitute a breach of any provisions of the Loan Documents, or result in a Default or Event of Default hereunder; (c) Owner and Operating Lessee may comply in all respects with any requirements to restructure the Mortgage Loan pursuant to Article 9 of the Mortgage Loan Agreement (or any other similar provision in the Mortgage Loan Documents), and (d) no actions taken by Owner or Operating Lessee or any future mortgage borrower in furtherance of the foregoing, including without limitation, any transfers, pledges or amendments to organizational documents, shall constitute a breach of any provisions of the Loan Documents, or result in a Default or Event of Default hereunder.
Sample 1
Compliance with Required Loan Restructurings. Notwithstanding anything to the contrary set forth in the Loan Documents (a) Owner may comply in all respects with any requirements to restructure the Mortgage Loan pursuant to Article 9 of the Mortgage Loan Agreement (or any other similar provision in the Mortgage Loan Documents), (b) Approved Mezzanine Borrower may comply in all respects with any requirements to restructure the Approved Mezzanine Loan pursuant to Article 9 of the Approved Mezzanine Loan Agreement (or any other similar provision in the Approved Mezzanine Loan Documents), (c) any borrower under any future mezzanine loan that is made or created in accordance with Article 9 of the Mortgage Loan Agreement or Article 9 of the Approved Mezzanine Loan Agreement may comply in all respects with any requirements to restructure the applicable loan as required under its respective loan documents, and (d) no actions taken by the Owner, Approved Mezzanine Borrower or any future mezzanine borrower in furtherance of the foregoing, including, without limitation, any transfers, pledges or amendments to organizational documents shall constitute a breach of any provisions of the Loan Documents, or result in a default or Event of Default hereunder. [No FURTHER TEXT ON THIS PAGE] ÎN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their duly authorized representatives, all as of the day and year first above written. LENDER: GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation By: /s/ Xxxxx Xxxxxxx Name: Xxxxx Xxxxxxx Title: Director By: /s/ Xxxx Xxxxxxxx Name: Xxxx Xxxxxxxx Title: Director BORROWER: WNT MEZZ I, LLC, a Delaware limited liability company By: /s/ Xxxx Xxx Name: Xxxx Xxx
Sample 1
Compliance with Required Loan Restructurings. Notwithstanding anything to the contrary set forth in the Loan Documents (a) each Mezzanine Borrower may comply in all respects with any requirements to restructure the applicable Mezzanine Loan pursuant to Article 9 of the applicable Mezzanine Loan Agreement (or any other similar provision in the applicable Mezzanine Loan Documents), and (b) no actions taken by any Mezzanine Borrower in furtherance of the foregoing, including without limitation, any transfers, pledges or amendments to organizational documents, shall constitute a breach of any provisions of the Loan Documents, or result in a Default or Event of Default hereunder.
Sample 1

Related to Compliance with Required Loan Restructurings

  • Compliance with Applicable Requirements In carrying out its obligations under this Agreement, the Advisor shall at all times conform to:

  • 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 Capital Requirements You represent that your commitment to purchase the Securities will not result in a violation of the financial responsibility requirements of Rule 15c3-1 under the 1934 Act or of any similar provision of any applicable rules of any securities exchange to which you are subject or, if you are a financial institution subject to regulation by the Board of Governors of the U.S. Federal Reserve System, the U.S. Comptroller of the Currency, or the U.S. Federal Deposit Insurance Corporation, will not place you in violation of any applicable capital requirements or restrictions of such regulator or any other regulator to which you are subject.

  • Compliance with Financial Covenants Schedule A attached hereto sets forth financial data and computations evidencing the Borrower’s compliance with certain covenants of the Agreement, all of which data and computations are true, complete and correct.

  • Compliance with Certain Requirements of Regulations; Deficit Capital Accounts In the event the Company is “liquidated” within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g), distributions shall be made pursuant to this Article X to the Unit Holders who have positive Capital Accounts in compliance with Regulations Section 1.704-1(b)(2)(ii)(b)(2). If any Unit Holder has a deficit balance in such Member’s Capital Account (after giving effect to all contributions, distributions and allocations for all Fiscal Years, including the Fiscal Year during which such liquidation occurs), such Unit Holder shall have no obligation to make any contribution to the capital of the Company with respect to such deficit, and such deficit shall not be considered a debt owed to the Company or to any other Person for any purpose whatsoever. In the discretion of the Liquidator, a pro rata portion of the distributions that would otherwise be made to the Unit Holders pursuant to this Article X may be: (i) distributed to a trust established for the benefit of the Unit Holders for the purposes of liquidating Company assets, collecting amounts owed to the Company, and paying any contingent or unforeseen liabilities or obligations of the Company, in which case the assets of any such trust shall be distributed to the Unit Holders from time to time, in the reasonable discretion of the Liquidator, in the same proportions as the amount distributed to such trust by the Company would otherwise have been distributed to the Unit Holders pursuant to Section 10.2 of this Agreement; or (b) withheld to provide a reasonable reserve for Company liabilities (contingent or otherwise) and to reflect the unrealized portion of any installment obligations owed to the Company, provided that such withheld amounts shall be distributed to the Unit Holders as soon as practicable.

  • Performance and Compliance with Collateral The Borrower will, at the Borrower’s expense, timely and fully perform and comply (or, by exercising its rights thereunder, cause the Seller to perform and comply pursuant to the Sale Agreement) with all provisions, covenants and other promises required to be observed by it under the Collateral, the Transaction Documents and all other agreements related to such Collateral.

  • Compliance with Existing Laws The Partnership possesses all Authorizations, each of which is valid and in full force and effect, and, to Contributors' actual knowledge, no provision, condition or limitation of any of the Authorizations has been breached or violated. The Partnership has not misrepresented or failed to disclose any relevant fact in obtaining all Authorizations, and the Contributors have no actual knowledge of any change in the circumstances under which those Authorizations were obtained that result in their termination, suspension, modification or limitation. The Contributors have no actual knowledge, nor have they received written notice within the past three years, of any existing violation of any provision of any applicable building, zoning, subdivision, environmental or other governmental ordinance, resolution, statute, rule, order or regulation, including but not limited to those of environmental agencies or insurance boards of underwriters, with respect to the ownership, operation, use, maintenance or condition of the Property or any part thereof, or requiring any repairs or alterations other than those that have been made prior to the date hereof.

  • Compliance with Conditions All of the terms, covenants, conditions and obligations of this Agreement and each other Transaction Document required to be complied with and performed by Seller on or prior to the Closing Date shall have been duly complied with and performed in all material respects.

  • Compliance with Reporting Requirements The Company is subject to and in full compliance with the reporting requirements of Section 13 or Section 15(d) of the Exchange Act.

  • Compliance with Requirements Any investment program furnished, and any activities performed, by the Manager or by a Sub-Adviser under this Section shall at all times conform to, and be in accordance with, any requirements imposed by: (1) the Act and any rules or regulations in force thereunder; (2) any other applicable laws, rules and regulations; (3) the Declaration of Trust and By-Laws of the Fund as amended from time to time; (4) any policies and determinations of the Board of Trustees of the Fund; and (5) the fundamental policies of the Fund, as reflected in its Registration Statement under the Act or as amended by the shareholders of the Fund.

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