Common use of Future Advances Tax Payment Clause in Contracts

Future Advances Tax Payment. As a condition precedent to any Lender’s obligations to make any Loans available to the Borrower hereunder, the Borrower will pay to the Agent any mortgage, recording, intangible, documentary stamp or other similar taxes and charges which the Agent reasonably determines to be payable as a result of such Loan to any state or any county or municipality thereof in which any of the Mortgaged Properties are located, and deliver to the Agent such affidavits or other information which the Agent reasonably determines to be necessary in connection with such payment in order to insure that the Mortgages on Mortgaged Property located in such state secure the Borrower’s obligation with respect to the Loans then being requested by the Borrower. The provisions of this §11.5 shall not limit the Borrower’s obligations under other provisions of the Loan Documents, including without limitation §15 hereof.

Appears in 7 contracts

Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Tier Reit Inc), Credit Agreement (Carter Validus Mission Critical REIT, Inc.)

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Future Advances Tax Payment. As a condition precedent to any Lender’s Bank's obligations to make any Loans available to the Borrower hereunderLoans, the Borrower will pay or cause to be paid to the Agent any mortgage, recording, intangible, documentary stamp or other similar taxes and charges which the Agent reasonably determines to be payable as a result of such Loan to any state or any county or municipality thereof in which any of the Mortgaged Properties are located, Property is located and deliver to the Agent such affidavits or other information which the Agent reasonably determines to be necessary in connection with the payment of such payment tax, in order to insure that the Mortgages Security Deeds on Mortgaged Property located in such state secure the Borrower’s 's obligation with respect to the Loans then being requested by the Borrowerrequested. The provisions of this §11.5 Section 11.8 shall not limit be without limitation of the Borrower’s 's obligations under other provisions of the Loan Documents, including without limitation §Section 15 hereof.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Wellsford Real Properties Inc), Loan Agreement (Wellsford Real Properties Inc), Term Loan Agreement (Wellsford Real Properties Inc)

Future Advances Tax Payment. As a condition precedent to any Lender’s obligations to make any Loans available to the Borrower Borrowers hereunder, the Borrower Borrowers will pay to the Agent any mortgage, recording, intangible, documentary stamp or other similar taxes and charges which the Agent reasonably determines to be payable as a result of such Loan to any state or any county or municipality thereof in which any of the Mortgaged Properties are located, and deliver to the Agent such affidavits or other information which the Agent reasonably determines to be necessary in connection with such payment in order to insure that the Mortgages on Mortgaged Property located in such state secure the Borrower’s Borrowers’ obligation with respect to the Loans then being requested by the BorrowerBorrowers. The provisions of this §11.5 shall not limit the Borrower’s Borrowers’ obligations under other provisions of the Loan Documents, including without limitation §15 hereof.

Appears in 2 contracts

Samples: Joinder Agreement (QTS Realty Trust, Inc.), Credit Agreement (Dupont Fabros Technology, Inc.)

Future Advances Tax Payment. As a condition precedent to any Lender’s 's obligations to make any Loans available to the Borrower hereunder, the Borrower will pay to the Agent any mortgage, recording, intangible, documentary stamp or other similar taxes and charges which the Agent reasonably determines to be payable as a result of such Loan to any state or any county or municipality thereof in which any of the Mortgaged Properties are located, and deliver to the Agent such affidavits or other information which the Agent reasonably determines to be necessary in connection with such payment in order to insure that the Mortgages on Mortgaged Property located in such state secure the Borrower’s 's obligation with respect to the Loans then being requested by the Borrower. The provisions of this §11.5 ss.11.8 shall not limit the Borrower’s 's obligations under other provisions of the Loan Documents, including without limitation §15 ss.15 hereof.

Appears in 2 contracts

Samples: Master Credit Agreement (Entertainment Properties Trust), Master Credit Agreement (Entertainment Properties Trust)

Future Advances Tax Payment. As a condition precedent to any Lender’s 's obligations to make any Loans available to the Borrower hereunder, the Borrower will pay to the Agent any mortgage, recording, intangible, documentary stamp or other similar taxes and charges which the Agent reasonably determines to be payable as a result of such Loan to any state or any county or municipality thereof in which any of the Mortgaged Properties are located, and deliver to the Agent such affidavits or other information which the Agent reasonably determines to be necessary in connection with such payment in order to insure that the Mortgages on Mortgaged Property located in such state secure the Borrower’s 's obligation with respect to the Loans then being requested by the Borrower. The provisions of this §11.5 (S)11.8 shall not limit the Borrower’s 's obligations under other provisions of the Loan Documents, including without limitation §15 (S)15 hereof.

Appears in 1 contract

Samples: Master Credit Agreement (JDN Realty Corp)

Future Advances Tax Payment. As a condition precedent to any Lender’s obligations to make any Loans available to the Borrower Borrowers hereunder, the Borrower Borrowers will pay to the Agent any mortgage, recording, intangible, documentary stamp or other similar taxes and charges which the Agent reasonably determines to be payable as a result of such Loan to any state or any county or municipality thereof in which any of the Mortgaged Properties are Property is located, and deliver to the Agent such affidavits or other information which the Agent reasonably determines to be necessary in connection with such payment in order to insure that the Mortgages on the Mortgaged Property located in such state secure the Borrower’s Borrowers’ obligation with respect to the Loans then being requested by the BorrowerBorrowers. The provisions of this §11.5 shall not limit the Borrower’s Borrowers’ obligations under other provisions of the Loan Documents, including without limitation §15 hereof.

Appears in 1 contract

Samples: Loan Agreement (Comstock Homebuilding Companies, Inc.)

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Future Advances Tax Payment. As a condition precedent to any Lender’s obligations to make any Loans available to the Borrower hereunder, the Borrower will pay to the Agent any mortgage, recording, intangible, documentary stamp or other similar taxes and charges which the Agent reasonably determines to be payable as a result of such Loan to any state or any county or municipality thereof in which any of the Mortgaged Properties are located, and deliver to the Agent such affidavits or other information which the Agent reasonably determines to be necessary in connection with such payment in order to insure that the Mortgages on Mortgaged Property located in such state secure the Borrower’s obligation with respect to the Loans then being requested by the Borrower. The provisions of this §11.5 11.8 shall not limit the Borrower’s obligations under other provisions of the Loan Documents, including without limitation §15 hereof.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Republic Property Trust)

Future Advances Tax Payment. As a condition precedent to any Lender’s 's obligations to make any Loans available to the Borrower hereunder, the Borrower will pay to the Agent any mortgage, recording, intangible, documentary stamp or other similar taxes and charges which the Agent reasonably determines to be payable as a result of such Loan to any state or any county or municipality thereof in which any of the Mortgaged Properties are located, and deliver to the Agent such affidavits or other information which the Agent reasonably determines to be necessary in connection with such payment in order to insure that the Mortgages on Mortgaged Property located in such state secure the Borrower’s 's obligation with respect to the Loans then being requested by the Borrower. The provisions of this §11.5 Section 11.8 shall not limit the Borrower’s 's obligations under other provisions of the Loan Documents, including without limitation §Section 15 hereof.. -82-

Appears in 1 contract

Samples: Master Credit Agreement (JDN Realty Corp)

Future Advances Tax Payment. As a condition precedent to any Lender’s obligations to make any Loans available to the Borrower hereunder, the Borrower will pay to the Agent or the Person entitled thereto any mortgage, recording, intangible, documentary stamp or other similar taxes and charges Taxes which the Agent reasonably determines to be payable as a result of such Loan to any state or any county or municipality thereof in which any of the Mortgaged Borrowing Base Properties are is located, and deliver to the Agent such affidavits or other information which the Agent reasonably determines to be necessary in connection with such payment in order to insure that the Mortgages on Mortgaged Property the Borrowing Base Properties located in such state secure the Borrower’s obligation with respect to the Loans then being requested by the Borrower. The provisions of this §11.5 shall not limit the Borrower’s obligations under other provisions of the Loan Documents, including without limitation §15 hereof15.

Appears in 1 contract

Samples: Management Agreement (New Senior Investment Group Inc.)

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