Limitations on Further Acts of Borrower. Nothing in Section 5.02(c) shall require Borrower to do any further act that has the effect of: (1) changing the economic terms of the Mortgage Loan set forth in the related commitment letter between Borrower and Lender; or (2) imposing on Borrower greater personal liability under the Loan Documents than that set forth in the related commitment letter between Borrower and Lender.
Appears in 3 contracts
Samples: Multifamily Loan and Security Agreement (Independence Realty Trust, Inc), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)
Limitations on Further Acts of Borrower. Nothing in Section 5.02(c) shall require Borrower to do any further act that has the effect of:
(1) changing the economic terms of the Mortgage Loan set forth in the related commitment letter between Borrower and Lender; or
(2) imposing on Borrower greater personal liability under the Loan Documents than that set forth in the related commitment letter between Borrower and Lender.
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)
Limitations on Further Acts of Borrower. Nothing in Section 5.02(b)(2) or Section 5.02(c) shall require Borrower to do any further act that has the effect of:
(1) changing the economic terms of the Mortgage Loan set forth in the related commitment letter between Borrower and Lender; or
(2) imposing on Borrower greater personal liability under the Loan Documents than that set forth in the related commitment letter between Borrower and Lender.
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Bluerock Residential Growth REIT, Inc.)
Limitations on Further Acts of Borrower. Nothing in Section 5.02(b) and Section 5.02(c) shall require Borrower to do any further act that has the effect of:
(1) changing the economic terms of the Mortgage Loan set forth in the related commitment letter between Borrower and Lender; or
(2) imposing on Borrower greater personal liability under the Loan Documents than that set forth in the related commitment letter between Borrower and Lender.
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)
