Continuing Loans Sample Clauses

Continuing Loans. (a) The parties currently expect that each of the loans secured by Operating Properties will remain outstanding following the Principal Closing. Each such loan that remains outstanding after the Principal Closing is referred to as a “Continuing Loan,” and, collectively, such loans are referred to as the “Continuing Loans.” (b) If any lender or third party identified on Schedule 1.3(b) is unwilling to grant its consent to the transactions contemplated by this Agreement on terms that are acceptable to Forest City (subject to the obligations set forth on Schedule 1.3(b)), then, notwithstanding anything in this Agreement to the contrary, Forest City and the BCR Entities agree to the transactions set forth in Schedule 1.3(b) with respect to the relevant Operating Property.

Continuing Loans. The BCR Entities have delivered or otherwise made available to Forest City complete and correct copies in all material respects of all loan agreements and other documents relating to the Continuing Loans, as amended to date (the “Loan Documents”). The applicable Property Owners are current in all payments of principal and interest due under each Continuing Loan through the most recent scheduled payment date. To the knowledge of the BCR Entities, each of the Loan Documents is in full force and effect. To the knowledge of the BCR Entities and except with respect to any breach or default for which Forest City has received written notice prior to the date hereof, none of the Property Owners or lenders is in material breach of, or default under, any of the Loan Documents, which breach or default remains uncured on the date hereof. Except as set forth on Schedule 7.2(m) or with respect to any breach or default for which Forest City has received written notice prior to the date hereof, none of the BCR Entities has received, and to the knowledge of the BCR Entities none of the Property Owners has received, any written notice that such Property Owner is in material breach of, or default under, any of the Loan Documents, which breach or default remains uncured on the date hereof. For purposes of this Section 7.2(m), all Continuing Loan documents that are accessible to Forest City through FCRC’s AMT document management system have been deemed to be “made available” to Forest City.

Continuing Loans. Notwithstanding this Amendment, the Loans owing to Lenders by Borrowers under the Loan Agreement that remain outstanding as of the date hereof shall constitute continuing Obligations of all Borrowers under the Loan Agreement and shall continue to be secured by the Collateral, and this Amendment shall not be deemed to evidence or result in a novation, or repayment and reborrowing, of such Loans.

Continuing Loans. Schedule 1.18 sets forth a complete list of all loans made to Existing Entities or Subsidiaries that will remain in effect after the Closing Date (the “Continuing Loans”), including in each case the names of the lender and borrower thereunder and the outstanding principal balance as of December 31, 2009. With respect to each Continuing Loan, (a) the lender has not declared in writing a default or “Event of Default,” (b) the lender has not brought any claim in writing under any guaranty, and (c) to the Principals’ Knowledge, no event has occurred and is pending or is threatened in writing, which, after the giving of notice, with lapse of time, or otherwise, would constitute a material default by the borrower thereunder or give rise to any material claims by the lender under any guaranties provided with respect thereto.

Continuing Loans. Name of Lender Continuing Loans to be held by such Lender after giving effect to the assignments contemplated to be made under the Master Assignment and Assumption Agreement ($) Apple Bank for Savings $ 20,000,000.00 Bank of America, N.A. $ 35,000,000.00 BNP Paribas $ 35,000,000.00 Citibank, N.A. $ 35,000,000.00 HSBC Bank USA, National Association $ 35,000,000.00 Mizuho Bank, Ltd. $ 35,000,000.00 National Bank of Canada $ 35,000,000.00 Standard Chartered Bank $ 35,000,000.00 Xxxxx Fargo Bank, National Association $ 35,000,000.00 Lender Applicable Lending Office APPLE BANK FOR SAVINGS Address: 000 Xxxx 00xx Xxxxxx, 0xx Xxxxx, Xxx Xxxx, XX 00000 Attention: Xxxxxxxx Xxxxx Telephone: +0 000 000 0000 Telecopy: +0 000 000 0000 Email: xxxxxx@xxxxx-xxxx.xxx BANK OF AMERICA, N.A. Address: One Bryant Park, NY 00xx, xxxxx XX 00000 Xxxxxxxxx: Xxxxxx Xxxxxxxxx / Xxxxxxx Xxxxxx Telephone: +0 000 000 0000 or +0 000-000 0000 Telecopy: +0 000 000 0000 Email: xxxxxx.xxxxxxxxx@xxxx.xxx; xxxxxxx.xxxxxx@xxxx.xxx BNP PARIBAS Address: 000 Xxxxxxx Xxxxxx, Xxx Xxxx, XX 00000 Attention: Xxxxx Xx Xxxxx Telephone: +0 000 000 0000 Telecopy: +0 000 000 0000 Email: xxxxx.xxxxxxx@xx.xxxxxxxxxx.xxx CITIBANK N.A. Address: 000 Xxxxxxxx Xxxx, Nassau N 1576, Bahamas Attention: Xxxxxx Xxxxxx Telephone: +0 000 000 0000 Telecopy: +0 000 000 0000 Email: xxxxxx.x.xxxxxx@xxxx.xxx HSBC BANK USA, NATIONAL Address: 000 Xxxxx Xxxxxx, Xxx Xxxx, XX 00000, ASSOCIATION USA Attention: Xxxxxxxxx Xxxxxxxxx Telephone: +0 000 000 0000 Email: xxxxxxxxx.x.xxxxxxxxx@xx.xxxx.xxx Lender Applicable Lending Office MIZUHO BANK, LTD. Address: 1251 Avenue of the Xxxxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 Attention: Xxxxxx Xxxxxxxxx / Xxxxxxxxx XxxXxxxxx Telephone: +0 000 000 0000 / +0 000 000 0000 Telecopy: +0 000 000 0000 / +0 000 000 0000 Email: xxxxxx.xxxxxxxxx@xxxxxxxxxx.xxx / xxxxxxxxx.xxxxxxxxx@xxxxxxxxxx.xxx NATIONAL BANK OF CANADA Address: 000, xxx xx xx Xxxxxxxxxxx Xxxx, 0xx Xxxxx, Xxxxxxxx, Xxxxxx X0X0X0 Attention: Xxxxxxx Szejnberg Telephone: +0 000 000 0000 Telecopy: +0 000 000 0000 Email: xxxxxxxxxxxx.xxxxxxxxx@xxx.xx STANDARD CHARTERED BANK Address: Xxx Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxxxxx, XX 00000, XXX Attention: Xxxxxxx Xxxxxxxxx Telephone: +0 000 000 0000 Telecopy: +0 000 000 0000 Email: xxxxxxx.xxxxxxxxx@xx.xxx XXXXX FARGO BANK, Address: 000 Xxxxx Xxxxxxx Xx., Mailcode: D1053-091, NATIONAL ASSOCIATION Xxxxxxxxx, XX 00000, XXX Attention: Xxxx Xxxxxxx Telephone: +0 000 000 0000 Telecopy: +0 000 000 0000