Compliance with Senior Loan Documents Sample Clauses

Compliance with Senior Loan Documents. Borrower shall (or shall cause Owner to): (a) pay all principal, interest and other sums required to be paid by Owner under and pursuant to the provisions of the Senior Loan Documents (subject to any grace periods provided therein); (b) diligently perform and observe all of the terms, covenants and conditions of the Senior Loan Documents on the part of Owner to be performed and observed, unless such performance or observance shall be waived in writing by Senior Lender; (c) promptly notify Lender of the giving of any notice by Senior Lender to Owner or Borrower of any default by Owner in the performance or observance of any of the terms, covenants or conditions of the Senior Loan Documents on the part of Owner to be performed or observed and deliver to Lender a true copy of each such notice; (d) deliver a true, correct and complete copy of all notices, demands, requests or material correspondence (including electronically transmitted items) given or received by Owner to or from the Senior Lender or its agent; and (e) not enter into or be bound by any Senior Loan Documents that are not approved by Lender. Without limiting the foregoing, Borrower shall cause Owner to fund all reserves required to be funded pursuant to the Senior Loan Documents. In the event of a refinancing of the Senior Loan permitted by the terms of this Agreement, Borrower will cause all reserves on deposit with Senior Lender to be utilized by Owner to be applied to any new reserves required by the new senior lender.
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Compliance with Senior Loan Documents. Borrower shall cause Property Owner to (i) pay all principal, interest and other sums required to be paid by Borrower or Property Owner under and pursuant to the provisions of the Senior Loan Documents, (ii) diligently perform and observe all of the terms, covenants and conditions of the Senior Loan Documents on the part of Property Owner to be performed and observed, unless such performance or observance shall be waived or not required in writing by Senior Lender and (iii) promptly notify Agent of the giving of any notice by the Senior Lender to Property Owner or Borrower of any default by Property Owner in the performance or observance of any of the material terms, covenants or conditions of the Senior Loan Documents on the part of Property Owner to be performed or observed and deliver to Agent a true copy of each such notice.
Sample 1
Compliance with Senior Loan Documents. Borrower shall cause Senior Borrower to: (i) pay all principal, interest, reserves, deposits and other sums required to be paid by Senior Borrower under and pursuant to the provisions of the Senior Loan Documents; (ii) diligently perform and observe all of the terms, covenants and conditions of the Senior Loan Documents on the part of Senior Borrower to be performed and observed; (iii) promptly deliver to Administrative Agent a true and complete copy of any notice by Senior Administrative Agent to Senior Borrower, Borrower, or Guarantor of any default by Senior Borrower under the Senior Loan Documents and of any other material written correspondence (including electronically transmitted items) given or received by Senior Borrower or Guarantor to or from the Senior Administrative Agent, any Senior Lender or its or their agents; (iv) provide Administrative Agent with a copy of any amendment or modification of, or waiver or consent granted under, the Senior Loan Documents within five (5) days after its receipt thereof; (v) not amend, modify, enter into or be bound by any Senior Loan Document without the prior approval of Administrative Agent (other than with respect to ministerial, non-material modifications or amendments) and (vi) deliver to Administrative Agent all of the financial statements, reports, certificates and related items delivered or required to be delivered by Senior Borrower to Senior Administrative Agent under the Senior Loan Documents as and when due under the Senior Loan Documents. Without limiting the foregoing, Borrower shall cause Senior Borrower to fund all reserves and deposits required to be funded pursuant to the Senior Loan Documents.
Sample 1
Compliance with Senior Loan Documents. There is no Default or Event of Default (however defined or described) on the part of the Borrower or any of the other Loan Parties under any of the Senior Loan Documents, and the Borrower and the other Loan Parties are fully in compliance with all and singular the terms and conditions of the Senior Loan Documents.
Sample 1
Compliance with Senior Loan Documents. (a) Borrower shall cause Senior Borrower to (i) pay all principal, interest and other sums required to be paid by Senior Borrower under and pursuant to the provisions of the Senior Loan Documents; (ii) diligently perform, observe and comply with all of the terms, provisions, covenants and obligations of Senior Borrower under all of the Senior Loan Documents as and when required under the Senior Loan Documents, unless such performance or observance shall be waived in writing by Senior Lender. (b) Borrower shall cause Senior Borrower to fund all reserves required to be funded pursuant to the Senior Loan Documents. In the event of a refinancing of the Senior Loan permitted by the terms of this Agreement, Borrower will cause all reserves on deposit with Senior Lender to be utilized by Senior Borrower to reduce the amount due and payable to Senior Lender or alternatively to be remitted to Lender as a mandatory prepayment of the Loan.
Sample 1
Compliance with Senior Loan Documents. The Borrower shall not amend, modify or supplement the Senior Loan Documents or refinance the Senior Debt without Lender's prior written consent so as to increase principal or interest, extend the maturity or amend, modify or add covenants relating to the Loan or the Management Agreement that materially and adversely affect the Lender; provided, however, the amount of any such refinancing may include the amount of principal, interest or other amounts (including fees and expenses) due on the Senior Debt so refinanced.
Sample 1
Compliance with Senior Loan Documents. Borrower shall (or shall‌
Sample 1
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Related to Compliance with Senior 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 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 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 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 Instruments The execution, delivery and performance of this Agreement and the Escrow Agreement, the compliance with the terms and provisions hereof and the consummation of the transactions contemplated herein, therein and in the Registration Statement and Prospectus by the Company, do not and will not violate or constitute a breach of, or default under (i) the memorandum or articles of association of the Company; (ii) any of the material terms, provisions, or conditions of any material instrument, agreement, or indenture to which the Company is a party or by which it is bound or by which its business, assets, investments or properties may be affected; or (iii) any order, statute, rule, or regulation applicable to the Company, or any of its business, investments, assets or properties, of any court or (to the knowledge of the Company) any governmental authority or agency having jurisdiction over the Company, or any of its business, investments, properties or assets; and to the knowledge of the Company do not and will not result in the creation or imposition of any lien, charge, claim, or encumbrance upon any property or asset of the Company.

  • 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 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 Agreements and Law Each Restricted Person will perform all material obligations it is required to perform under the terms of each indenture, mortgage, deed of trust, security agreement, lease, franchise, agreement, contract or other instrument or obligation to which it is a party or by which it or any of its properties is bound. Each Restricted Person will conduct its business and affairs in compliance with all Laws applicable thereto.

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