Common use of Further Assurances; Supplemental Mortgage Affidavits Clause in Contracts

Further Assurances; Supplemental Mortgage Affidavits. Borrower shall, at Borrower's sole cost and expense: (A) furnish to Lender all instruments, documents, boundary surveys, footing or foundation surveys, certificates, plans and specifications, appraisals, market studies, title and other insurance reports and agreements, and each and every other document, certificate, agreement and instrument required to be furnished by Borrower pursuant to the terms of the Loan Documents or reasonably requested by Lender in connection therewith; (B) execute and deliver to Lender such documents, instruments, certificates, assignments and other writings, and do such other acts necessary or desirable, to evidence, preserve and/or protect the collateral at any time securing or intended to secure the obligations of Borrower under the Loan Documents, as Lender may reasonably require provided, however, such documents, instruments, certificates, assignments and other writings and such other acts will not change the rate of interest or change, modify or amend any of the material business terms of the Loan Documents; and (C) do and execute all and such further lawful and reasonable acts, conveyances and assurances for the better and more effective carrying out of the intents and purposes of this Agreement and the other Loan Documents, as Lender shall reasonably require from time to time provided that such acts, conveyances and assurance will not create new liability or increase existing liability of or on the part of Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Urban Shopping Centers Inc), Loan Agreement (Urban Shopping Centers Inc)

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Further Assurances; Supplemental Mortgage Affidavits. (i) Borrower shall, at Borrower's sole cost and expense: (A) furnish to Lender all instruments, documents, boundary surveys, footing or foundation surveys, certificates, plans and specifications, appraisals, market studies, title and other insurance reports and agreements, and each and every other document, certificate, agreement and instrument required to be furnished by Borrower pursuant to the terms of the Loan Documents or reasonably requested by Lender in connection therewith; (B) execute and deliver to Lender such documents, instruments, certificates, assignments and other writings, and do such other acts necessary or desirable, desirable to evidence, preserve and/or protect protect, and to maintain Lender's perfected lien upon, and security interest in, the collateral (including, without limitation, the Central Account and all funds on deposit therein) at any time securing or intended to secure the obligations of Borrower under the Loan Documents, as Lender may reasonably require provided, however, such documents, instruments, certificates, assignments and other writings and such other acts will not change the rate of interest or change, modify or amend any of the material business terms of the Loan Documentsrequire; and (C) do and execute all and such further lawful and reasonable acts, conveyances and assurances for the better and more effective carrying out of the intents and purposes of this Agreement and the other Loan Documents, as Lender shall reasonably require from time to time provided time. (ii) As of the date hereof, Borrower represents that such actsit has paid all state, conveyances county and assurance will not create new liability or increase existing liability municipal recording and all other taxes imposed upon the execution and recordation of or on the part of BorrowerMortgage against the Property.

Appears in 2 contracts

Samples: Loan Agreement (Servico Market Center Inc), Loan Agreement (Servico Market Center Inc)

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Further Assurances; Supplemental Mortgage Affidavits. Borrower shall, at Borrower's Bxxxxxxx’s sole cost and expense: (Aa) furnish to Lender all instruments, documents, boundary surveys, footing or foundation surveys, certificates, plans and specifications, appraisals, market studies, title and other insurance reports and agreements, and each and every other document, certificate, agreement and instrument required to be furnished by Borrower pursuant to the terms of the Loan Documents or which are reasonably requested by Lender in connection therewith; (Bb) execute and deliver to Lender such documents, instruments, certificates, assignments and other writings, and do such other acts necessary or desirable, to evidence, preserve and/or protect the collateral at any time securing or intended to secure the obligations Obligations of Borrower under the Loan Documents, as Lender may reasonably require; (c) cure any defects in the execution and delivery by Borrower or a Borrower Related Party of the Loan Documents and execute and deliver to Lender such documents, instruments, certificates, assignments and other writings, and do such other acts necessary or reasonably requested by Lxxxxx, to evidence, preserve and/or protect the Property and any other collateral at any time securing or intended to secure the Obligations of Borrower under the Loan Documents, as Lender may reasonably require providedincluding, howeverwithout limitation, the execution and delivery of all such documentswritings necessary to transfer any licenses with respect to the Property into the name of Lender or its designee after the occurrence, instrumentsand during the continuance, certificates, assignments and other writings and such other acts will not change the rate of interest or change, modify or amend any an Event of the material business terms of the Loan DocumentsDefault; and (Cd) do and execute all and such further lawful and reasonable acts, conveyances and assurances for the better and more effective carrying out of the intents and purposes of this Agreement and the other Loan Documents, as Lender shall reasonably require from time to time provided that such acts, conveyances and assurance will not create new liability or increase existing liability of or on the part of Borrowertime.

Appears in 1 contract

Samples: Loan Agreement (Lazydays Holdings, Inc.)

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