Existence; Compliance with Legal Requirements. Each Borrower and each SPC Party shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence and all rights, licenses, permits, franchises and all applicable governmental authorizations necessary for the operation of the Property owned by such Borrower and comply with all Legal Requirements applicable to it and the Property owned by such Borrower.
Appears in 2 contracts
Samples: Loan Agreement (Generation Income Properties, Inc.), Loan Agreement (Generation Income Properties, Inc.)
Existence; Compliance with Legal Requirements. Each Borrower and of Borrower, each SPC Party and each Individual Owner shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence and all rights, licenses, permits, franchises and all applicable governmental authorizations necessary for the operation of the Property owned by such Borrower Properties and comply with all Legal Requirements applicable to it it, the Collateral and the Property owned by such BorrowerProperties.
(f) Section 4.7 of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
Appears in 2 contracts
Samples: Assumption and Release Agreement (W2007 Grace Acquisition I Inc), Assumption and Release Agreement (American Realty Capital Hospitality Trust, Inc.)
Existence; Compliance with Legal Requirements. Each of Borrower and each SPC Party shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence and all rights, licenses, permits, franchises and all applicable governmental authorizations necessary for the operation of the Property owned by such Borrower and comply with all Legal Requirements applicable to it and the Property owned by such BorrowerProperty.
Appears in 2 contracts
Samples: Loan Agreement (City Office REIT, Inc.), Loan Agreement (Bluerock Residential Growth REIT, Inc.)
Existence; Compliance with Legal Requirements. Each Borrower Borrower, Leasehold Pledgor, each Individual Owner, each Operating Lessee and each SPC Party shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence and all rights, licenses, permits, franchises and all applicable governmental authorizations necessary for the operation of the Property owned by such Borrower Properties and comply with all Legal Requirements applicable to it it, the Collateral and the Property owned by such BorrowerProperties.
Appears in 2 contracts
Samples: Mezzanine Loan Agreement (Hospitality Investors Trust, Inc.), Mezzanine Loan Agreement (Hospitality Investors Trust, Inc.)
Existence; Compliance with Legal Requirements. Each Borrower and each SPC Party shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence and all rights, licenses, permits, franchises and all applicable governmental authorizations necessary for the operation of the Property owned by such Borrower Properties and comply with all Legal Requirements applicable to it and the Property owned by such BorrowerProperties.
Appears in 2 contracts
Samples: Loan Agreement (W2007 Grace Acquisition I Inc), Loan Agreement (American Realty Capital Hospitality Trust, Inc.)
Existence; Compliance with Legal Requirements. Each Borrower and each SPC Party shall (and each Borrower shall cause each Owner to) do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence and all existence, rights, licenses, permits, permits and franchises and all applicable governmental authorizations necessary for the operation of the Property owned by such Borrower and comply with all Legal Requirements applicable to it it, the Collateral and the Property owned by such BorrowerProperties.
Appears in 1 contract
Samples: Mezzanine Loan Agreement (Horizon Group Properties Inc)
