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 for Purchaser to be able to assume 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. Any and all Loan Assumption Documents that Lender requires be delivered by Sellers or the affiliates of either to effect the Loan Assumption.
Loan Assumption Documents. The terms of the documents to be executed by Hanover Partnership, Purchaser and their respective affiliates and all other parties in connection with the consummation of the Loan Assumption (the “Loan Assumption Documents”) shall have such other terms not inconsistent with the terms hereof that are standard and customary for the assumption of commercial loans secured by properties similar to the Property and which do not increase the liability of the borrower under the Assumed Debt. Hanover Partnership shall have the right to review and approve the Loan Assumption Documents to the extent (and only to the extent) that such documents pertain to Hanover Partnership’s and its Affiliates’ release from liability and obligations first accruing on or after the Closing Date including, without limitation, with respect to liability pursuant to an environmental indemnity and any guaranty first accruing on or after the Closing Date, it being the intent of the parties that, as between Purchaser and Seller, Purchaser, and not Seller, shall be responsible for environmental claims first accruing on or after the Closing Date notwithstanding provisions within the Loan Assumption Documents making both jointly and severally liable for same. Purchaser shall have the right to review and approve all of the terms and conditions of the Loan Assumption Documents. At Purchaser’s sole cost and expense, Purchaser shall provide all commercially reasonable and customary legal opinions relating to Purchaser’s authority and authorization as reasonably required by Lender. At Seller’s sole cost and expense, Seller shall prepare and deliver all commercially reasonable and customary legal opinions relating to its authority and authorization, and shall execute and deliver to the appropriate parties all commercially reasonable and customary documents and instruments required of Hanover Partnership by Lenders in connection with the Loan Assumption (the “Seller Loan Assumption Documents”), and the foregoing shall be included within the meaning of “Seller Closing Documents” that Seller is required to deliver under this Agreement. At Closing, Purchaser shall purchase the full amount of all deposit accounts funded by Seller under the Loan Documents.
