Loan Assumption Documents. Documents required to be signed by Buyer evidencing the assumption of the Existing Loan by Buyer.
Loan Assumption Documents. If Purchaser has elected to assume the Existing Indebtedness, such commercially reasonable documents or instruments as the Lender may require to effectuate the assignment by Seller and assumption by Purchaser of the Existing Indebtedness in accordance with the Existing Loan Documents (the “Loan Assumption Documents”);
Loan Assumption Documents. Three (3) counterpart originals (or as many counterparts as Lender may require) of the Loan Assumption Documents, duly executed and acknowledged, where applicable, by Seller.
Loan Assumption Documents. Executed copies of the Loan Assumption Documents.
Loan Assumption Documents. Such documents as may be reasonably required by the applicable Lender to evidence Purchaser’s assumption of the applicable Existing Loan consistent with the provisions set forth in Section 12.17 below;
Loan Assumption Documents. All Loan Assumption Documents to which Purchaser and/or Seller, respectively, are a party.
Loan Assumption Documents. All Loan Assumption Documents to which Purchaser is a party.
Loan Assumption Documents. At the Closing, Purchaser shall assume the obligations of Seller under and with respect to that certain mortgage loan with an original principal balance of up to $44,000,000 (the “Loan”) by TH Commercial Mortgage LLC (together with its successors and assigns, “Lender”) and created, evidenced, governed and/or secured by the documents, including all amendments thereto, if any, evidencing the Loan as more particularly described on Schedule 7.9 hereto, true, correct and complete copies of all of which have been delivered to Purchaser (collectively, the “Loan Documents”), in accordance with this Section 7.9. All accrued and unpaid interest (including default interest), unpaid late fees and charges, unreimbursed costs and expenses due and owing to Lender (other than Loan Assumption Costs) and the outstanding principal balance of the Loan on the Closing Date (collectively, the “Closing Date Loan Balance”) shall be credited against the Purchase Price at Closing. Seller shall assign to Purchaser all of their right, title and interest in and to any reserves existing and on deposit in connection with the Loan as of the Closing Date (collectively, the “Reserves”), and Purchaser shall pay Seller an amount equal to the aggregate balance of the Reserves on the Closing Date (collectively, the “Closing Date Reserve Balance”). Purchaser agrees that it shall, at its own expense, cooperate with Seller in order to supply any information required, and take any actions reasonably required of Purchaser and its Affiliates to comply with Lender’s application requirements. Purchaser understands and agrees that it shall cause an Affiliate of Purchaser, of like credit quality to the current guarantors of the Loan or otherwise acceptable to Lender, to guaranty these obligations to the same extent as currently provided in the applicable Loan Documents, in accordance with this Section 7.9. Seller and Purchaser shall use commercially reasonable efforts to cause the assumption of the Loan to occur on the Closing Date, including without limitation giving required notices to Lender, executing assumption documents reasonably required by Lender, and providing Lender with any financial, organizational and other information regarding Purchaser and its Affiliates as necessary to satisfy the requirements of Lender applicable to the assumption of the Loan. Purchaser and its Affiliates shall execute such loan assumption agreements, guaranties and/or indemnity agreements, and shall provide such legal...
Loan Assumption Documents. Two (2) counterpart originals of the Loan Assumption Documents, duly executed and acknowledged, where applicable, by Seller.
