Lender Loan Documents Clause Samples
The "Lender Loan Documents" clause defines the set of documents that evidence, secure, or otherwise relate to the loan provided by the lender. This typically includes the promissory note, security agreement, mortgage or deed of trust, and any related agreements or instruments required by the lender. By clearly identifying which documents are considered part of the loan transaction, this clause ensures that all parties understand their obligations and the scope of the lender's rights, thereby reducing ambiguity and potential disputes regarding the enforceability or interpretation of the loan terms.
Lender Loan Documents. The Lender agrees that should any provision of any Lender Loan Document purport to limit or impair any rights of the Department under Section 8(b) of the Declaration, then such provision shall be null and void and of no force and effect.
Lender Loan Documents. First Lien Lender may at any time and from time to time without the consent of or notice to any Second Lien Creditor, without incurring liability to any Second Lien Creditor and without impairing or releasing the obligations of any Second Lien Creditor under this Agreement, change the manner or place of payment or extend the time of payment of or renew or alter any First Lien Debt, or amend in any manner any agreement, note, guaranty or other instrument evidencing or securing or otherwise relating to any First Lien Debt; provided that no such change, extension, renewal, alteration or amendment shall (a) increase the principal amount of the Obligations under the First Lien Debt above Three Million Dollars ($3,000,000) (other than due to the payment in kind or capitalization of interest or fees otherwise payable under the Lender Loan Documents), except as expressly permitted by the definition of First Lien Debt herein, (b) increase the interest rate margins with respect to the First Lien Debt by more than 200 basis points in excess of the rates in effect when the applicable margin is at its highest level, provided, that this clause (b) shall not impair the right of the First Lien Lender to impose any default rate of interest in accordance with the Lender Loan Agreement, (c) extend the final maturity of the First Lien Debt by more than one (1) year, (d) other than during the occurrence of a First Lien Default, or in connection with the waiver thereof, shorten the time of payment with respect to any First Lien Debt (other than as a result of the ability of the First Lien Lender to accelerate the First Lien Debt, or as a result of voluntary or mandatory prepayments of the First Lien Debt in accordance with the Lender Loan Agreement), (e) cause any material portion of the First Lien Debt to be contractually unsecured, or (f) impose any express restriction on the ability of AMS or Plures to make payments in respect of the Second Lien Debt other than those contained in this Agreement.
Lender Loan Documents. It will maintain during the term of this Limited Guaranty, and for a period of five (5) years beyond the termination of the loan guaranty or the conclusion of any audit, investigation or litigation (if begun within the 5 year period), whichever is longer, and upon request make available for inspection by EFI and the State of Florida, as applicable, any and all documents submitted to the Lender pursuant to the Loan Documents or in connection with the Loan Documents, subject to the Right to Financial Privacy Act (12 U.S.C. § 3401 et seq.), including detailed loan records, as applicable;