DEBT; LOAN DOCUMENTS Clause Samples

DEBT; LOAN DOCUMENTS. Mortgagor is indebted to Mortgagee in the principal sum of Two Million Five Hundred Thousand and 00/100 Dollars ($2,500,000.00), together with interest thereon, as evidenced by a certain Mortgage Note of even date herewith (the "NOTE"). This Mortgage is the Mortgage referred to in the Note. The indebtedness evidenced by the Note has been or will be advanced pursuant to a Loan Agreement of even date herewith (the "LOAN AGREEMENT"). As additional security for the payment and performance to Mortgagee of the Liabilities (as defined below), Mortgagor has executed and delivered to Mortgagee an Assignment of Leases and Rents assigning all of Mortgagor's rights as lessor under all leases affecting the Mortgaged Premises now or hereafter in effect (the "ASSIGNMENT OF LEASES"), and other collateral documents described in or accompanying the Loan Agreement. This Mortgage, the Loan Agreement, the Note, the Guaranty (if any), the Assignment of Leases, and all other guarantees, documents, certificates and instruments executed in connection therewith are sometimes hereinafter referred to collectively as the "LOAN DOCUMENTS" or individually as a "LOAN DOCUMENT". The terms of the Loan Documents are hereby made a part of this Mortgage to the same extent and with the same effect as if fully set forth herein.
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DEBT; LOAN DOCUMENTS. 1.1 (a) Borrowers are jointly and severally indebted to Mortgagee in the principal sum of ONE MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($1,500,000.00), or so much thereof that may be outstanding from time to time, together with interest thereon, the foregoing being owed under a certain revolving line of credit in the amount of ONE MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($1,500,000.00) (such revolving line of credit, together with all extensions, modifications [including modifications increasing or decreasing the amount thereof], refinancings, replacements, renewals and/or redatings thereof, being hereinafter collectively called the “Revolving Loan”).
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DEBT; LOAN DOCUMENTS. (i) Except for the indebtedness listed on Schedule 3.1.13 attached hereto (the “Existing Debt”), none of the Companies or their Subsidiaries have any outstanding indebtedness for borrowed money with respect to each of the Properties. (ii) There does not exist any default on the payment of principal or interest by any borrower under the Existing Debt which has not been cured. None of the BOP JV Entities, the Companies or their Subsidiaries have received any notice of default under the loan documents relating to the Existing Debt that has not been cured. (iii) The principal amount outstanding, the accrued and unpaid interest and the amount of reserves, escrows and holdbacks, held by any lender with respect to each Existing Debt as of the date set forth thereon is set forth on Schedule 3.1.13 attached hereto.
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Related to DEBT; LOAN DOCUMENTS

  • Credit Agreement; Loan Documents This Agreement or counterparts hereof shall have been duly executed by, and delivered to, Borrowers, each other Credit Party, Agent and Lenders; and Agent shall have received such documents, instruments, agreements and legal opinions as Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including all those listed in the Closing Checklist attached hereto as Annex D, each in form and substance reasonably satisfactory to Agent.

  • Loan Documents The Requisite Lenders may direct the Administrative Agent to, and the Administrative Agent if so directed shall, exercise any and all of its rights under any and all of the other Loan Documents.

  • Other Loan Documents The occurrence of any default under any Loan Document or any other agreement between Borrower and Lender and such default continues for more than ten (10) days after the earlier of (a) Lender has given notice of such default to Borrower, or (b) Borrower has actual knowledge of such default; or

  • Financing Documents The CAC Credit Facility Documents, the ▇▇▇▇▇ Fargo Warehouse Documents, the Fifth Third Warehouse Documents, the Flagstar Warehouse Documents, the BMO Warehouse Documents, the Credit Suisse Warehouse Documents, the 2018-3 Securitization Documents, the 2018-2 Securitization Documents, the 2018-1 Securitization Documents, the 2017-3 Securitization Documents, the 2017-2 Securitization Documents, the 2017-1 Securitization Documents, the 2016-3 Securitization Documents, the 2016-2 Securitization Documents, the 2016-1 Securitization Documents and the 2015-2 Securitization Documents.

  • Execution of Credit Agreement; Loan Documents The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrower, (iii) counterparts of the Security Agreement and each other Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable and (iv) counterparts of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto.