Common use of Covenants Regarding Approved Financing Clause in Contracts

Covenants Regarding Approved Financing. (a) Borrower shall promptly pay the principal and interest when due on any Approved Financing. (b) Borrower shall promptly notify the County in writing of the existence of any default under any documents evidencing Approved Financing whether or not a default has been declared by the lender and provide the County copies of any notice of default. (c) Borrower may not amend, modify, supplement, cancel or terminate any documents related to any financing that is part of the Approved Financing without the prior written consent of the County. (d) Borrower may not incur any indebtedness where Xxxxxxxx provides a security interest in the Property in connection with such indebtedness of any kind other than Approved Financing or encumber the Development with any liens (other than liens for Approved Financing approved by the County) without the prior written consent of the County.

Covenants Regarding Approved Financing. (a) Borrower shall promptly pay the principal and interest when due on any Approved Financing. (b) Borrower shall promptly notify the County in writing of the existence of any default under any documents evidencing Approved Financing whether or not a default has been declared by the lender and provide the County copies of any notice of default. (c) Borrower may not amend, modify, supplement, cancel or terminate any documents related to any financing loan that is part of the Approved Financing without the prior written consent of the County. (d) Borrower may not incur any indebtedness where Xxxxxxxx provides a security interest in the Property in connection with such indebtedness of any kind other than Approved Financing or encumber the Development with any liens (other than liens for Approved Financing approved by the County) without the prior written consent of the County.

Covenants Regarding Approved Financing. (a) Borrower shall promptly pay the principal and interest when due on any Approved Financing. (b) Borrower shall promptly notify the County in writing of the existence of any default under any documents evidencing Approved Financing whether or not a default has been declared by the lender lender, and provide the County copies of any notice of default. (c) Borrower may not amend, modify, supplement, cancel or terminate the Partnership Agreement or any documents related to any financing loan that is part of the Approved Financing without the prior written consent of the County. (d) Borrower may not incur any indebtedness where Xxxxxxxx provides a security interest in the Property in connection with such indebtedness of any kind other than Approved Financing or encumber the Development with any liens (other than liens for Approved Financing approved by the County) without the prior written consent of the County.

Covenants Regarding Approved Financing. (a) Borrower shall promptly pay the principal and interest when due on any Approved Financing. (b) Borrower shall promptly notify the County in writing of the existence of any default under any documents evidencing Approved Financing whether or not a default has been declared by the lender and provide the County copies of any notice of default. (c) Borrower may not materially amend, modify, supplement, cancel or terminate any documents related to any financing that is part of the documents evidencing Approved Financing without the prior written consent of the County. (d) Borrower may not incur any indebtedness where Xxxxxxxx provides a security interest in the Property in connection with such indebtedness of any kind other than Approved Financing or encumber the Development with any liens (other than liens for Approved Financing approved by the CountyCounty or as otherwise allowed under the County approved Partnership Agreement) without the prior written consent of the County.