Loan Party Agreements Clause Samples

Loan Party Agreements. In consideration of Fannie Mae’s entering into this Agreement and providing the Fannie Mae Consent, the Loan Parties jointly and severally agree as follows: Walker & Dunlop, LLC, et al. December 20, 2013 1. The Loan Parties shall not modify or permit modification of any of the Approved Drafts prior to execution by the parties thereto without first obtaining Fannie Mae’s prior written consent to such modification. Following execution of documents in the forms of the Approved Drafts (as so executed, the “Facility Documents”), without the prior written consent of Fannie Mae the Loan Parties shall not modify or permit the modification of (a) any of the Specified Fannie Mae Provisions; or (b) any other provision in the Facility Documents that in any way would modify terms applicable to Fannie Mae or the Fannie Mae Collateral or the Specified Ownership Interest Pledge or the Fannie Mae Contracts or that could reasonably be expected to have or result in a material adverse effect on Fannie Mae or the obligations of the applicable Loan Parties under any of the Fannie Mae Contracts. Each Loan Party hereby represents and warrants to Fannie Mae that the Facility Documents delivered to Fannie Mae are each true, correct and complete, and there are no documents, instruments or other agreements with respect to the New Term Facility, other than those as delivered by the Loan Parties to Fannie Mae. 2. The Loan Parties will deliver to Fannie Mae, within the times specified in Sections 6.01 and 6.02 of the Credit Agreement, copies of the annual and quarterly financial statements, reports and Compliance Certificates of the Loan Parties required to be delivered to Agent pursuant those sections. 3. The Loan Parties shall deliver to Fannie Mae a copy of any default or other material notice delivered by Agent to any of the Loan Parties pursuant to the Facility Documents. 4. Each of the Loan Parties hereby represents and warrants to Fannie Mae that (a) it has power and authority to enter into this Agreement; (b) it has duly authorized, executed and delivered this Agreement; (c) no consent, approval, authorization, order, or other action of, any court or regulatory or governmental agency or body or any other person is required that has not been obtained for the execution and delivery of this Agreement or the consummation of the transactions contemplated by this Agreement; (d) the closing and consummation of the New Term Facility have occurred as of the date hereof in accordance with...