JUNIOR LENDERS. The Borrower shall not create, suffer or permit any mortgage, lien, charge or encumbrance to attach or be recorded or filed against the Property, whether such lien is superior or inferior to the lien of the City, without the City’s prior written approval, other than Permitted Encumbrances and taxes not then delinquent.
JUNIOR LENDERS. Each Junior Lender hereby acknowledges as to itself only that (i) it has received and reviewed and, subject to the terms and conditions of this Agreement, hereby consents to and approves of the making of the Senior Loan and each of the Junior Loans (other than the Junior Loan held by such Junior Lender) and, subject to the terms and provisions of this Agreement, all of the terms and provisions of the Senior Loan Documents and each of the Junior Loan Documents (other than the Junior Loan Documents relating to the Junior Loan held by such Junior Lender); (ii) the execution, delivery and performance of the Senior Loan Documents and each of the Junior Loan Documents (other than the Junior Loan Documents relating to the Junior Loan held by such Junior Lender) will not constitute a default or an event which, with the giving of notice or the lapse of time, or both, would constitute a default under the Junior Loan Documents relating to the Junior Loan held by such Junior Lender; (iii) none of Senior Lender nor any other Junior Lender is under any obligation or duty to, nor has Senior Lender nor any other Junior Lender represented that any Person will, see to (a) the application of the proceeds of the Senior Loan and (b) the application of the proceeds of any Junior Loan (other than the Junior Loan held by such Junior Lender); (iv) (A) any application or use of the proceeds of the Senior Loan for purposes other than those provided in the Senior Loan Documents shall not affect, impair or defeat the terms and provisions of this Agreement or the Senior Loan Documents and (B) any application or use of the proceeds of any Junior Loan (other than the Junior Loan held by such Junior Lender) for purposes other than those provided in the related Junior Loan Documents shall not affect, impair or defeat the terms and provisions of this Agreement or the related Junior Loan Documents; and (v) any conditions precedent to such Junior Lender’s consent to the other Junior Loan as set forth in such Junior Lender’s Junior Loan Documents or any other agreements with the applicable Junior Borrower, as they apply to the other Junior Loan Documents or the making of the other Junior Loan, have been either satisfied or waived.
JUNIOR LENDERS. Each Junior Lender hereby represents and warrants, for itself only, to Senior Lender and the other Junior Lenders as follows:
JUNIOR LENDERS. 8. Consultants - for their site activities only? each for their respective rights and interests in the Project. Contractors’ ‘All Risks’ Insurance (CAR) Insured Property The permanent and temporary works, materials, goods, plant and equipment for incorporation in the Works (other than constructional plant, tools, accommodation and equipment belonging to or the responsibility of D & C Co. or his Sub-contractors) and all other property used or for use in connection with the Works associated with the Project;
JUNIOR LENDERS. 2.1.4. Authority in respect of additional cost of working only. each for their respective rights and interests in the Project.
JUNIOR LENDERS each for their respective rights and interests in the Project.
JUNIOR LENDERS. Borrower shall not create, suffer or permit any mortgage other than mortgages granted in favor of HUD or WHEDA, lien, charge or encumbrance to attach or be recorded or filed against the Property, whether such lien is superior or inferior to the lien of the City, without the City’s prior written approval.
JUNIOR LENDERS. Section 2.2 Junior Loan Agreement...................................................................................Section 2.2 knowledge ............................................................................................. Section 9.5
JUNIOR LENDERS. Each Junior Lender hereby acknowledges that (i) it has received and reviewed and, subject to the terms and conditions of this Agreement, hereby consents to and approves of the making of the Senior Loan and each of the Junior Loans and, subject to the terms and provisions of this Agreement, all of the terms and provisions of the Senior Loan Documents and each of the Junior Loan Documents; (ii) the execution, delivery and performance of the Senior Loan Documents and each of the Junior Loan Documents will not constitute a default or an event which, with the giving of notice or the lapse of time, or both, would constitute a default under the Junior Loan Documents relating to the Junior Loan
