Material Property Agreements. The Borrowers shall cause each Subsidiary Owner to (i) comply in all material respects with all covenants and obligations of the Subsidiary Owners under the applicable Material Property Agreements, in each case, as in effect as of the Petition Date (other than covenants that would be violated by the Borrowers filing the Chapter 11 Cases or except with the prior written consent of the Requisite Lenders), and (ii) cause all Material Property Agreements to be maintained in full force and effect, unless otherwise consented to in advance in writing by the Requisite Lenders. Notwithstanding the foregoing, this Section 5.22 shall not apply to the GA Tech Owner or the GA Tech Property to the extent that the GA Tech Owner has received satisfactory forbearances and/or waivers from the lenders and administrative agents under the applicable Subsidiary Loan Agreement such that violations under this Section do not result in a default under such Subsidiary Loan Agreement.
Material Property Agreements. Other than any amendments to, or terminations and replacements of, the Hilton Franchise Agreements, which amendments and replacements shall be in substantially the form of Exhibit G, each Borrower shall not, and shall cause its Subsidiary Owners to not, amend, modify, terminate or waive any material rights or obligations under, any Material Property Agreement, without the prior written consent of the Requisite Lenders or as contemplated in the Restructuring Support Agreement.
Material Property Agreements. (a) Each Material Property Agreement that is currently in effect (if any) is listed on Schedule 4.1.47 hereof, and each such Material Property Agreement is in full force and effect. Except as set forth on Schedule 4.1.47 hereof, there are no material defaults by Borrower thereunder or, to Borrower’s knowledge, any material defaults thereunder by any other party thereto. Borrower has not given or received any notice of default under any of the Material Property Agreements that remains uncured or in dispute.
(b) Borrower has delivered true, correct and complete copies of the Material Property Agreements (including all amendments and supplements thereto) to Lender.
(c) All fees and other compensation for services previously performed under the Material Property Agreements have been paid in full or are not yet due and payable as of the date hereof.
Material Property Agreements. Each Individual Borrower and Individual Operating Lessee shall at all times comply in all material respects with all Material Property Agreements to which it is a party or otherwise bound. Each Individual Borrower and Individual Operating Lessee agrees that, without the prior written consent of Lender, such party will not amend, modify or terminate any of the Material Property Agreements to which it is a party or otherwise bound in any material and adverse respect.
Material Property Agreements. Borrower shall (a) provide Lender with copies of all Material Property Agreements (including all amendments or modifications thereto) requiring Lender’s prior approval prior to the execution of same, (b) provide Lender with executed copies of all Material Property Agreements (including those not requiring Lender’s prior approval) within the time periods provided therefor in the Assignment of Agreements, respectively, and (c) comply (and use all commercially reasonable efforts to cause the other parties thereto to comply) with the terms and conditions set forth in each of the Material Property Agreements in all material respects.
Material Property Agreements. (a) Each Material Property Agreement is in full force and effect, and except as set forth on Schedule 4.1.47 hereof, there are no material defaults by Borrower thereunder or, to Borrower’s knowledge, any material defaults thereunder by any other party thereto. Borrower has not given or received any notice of default under any of the Material Property Agreements that remains uncured or in dispute.
(b) Borrower has delivered true, correct and complete copies of the Material Property Agreements (including all amendments and supplements thereto) to Lender.
(c) All fees and other compensation for services previously performed under the Property Agreement have been paid in full or are not yet due and payable as of the date hereof.
Material Property Agreements. Borrower shall at all times comply in all material respects with all Material Property Agreements. Borrower agrees that without the prior written consent of Lender, Borrower will not amend, modify or terminate any of the Material Property Agreements in any material and adverse respect.
Material Property Agreements. Such Seller has not received any written notice alleging any material defaults by such Seller under any Material Property Agreement affecting such Seller’s Property which remain uncured. To Seller’s Knowledge, there are no Material Property Agreements affecting such Sellers’ Property, other than (i) Approved Exceptions and (ii) those agreements as posted in the Data Room in the subfolders listed in Schedule S-6. To Seller’s Knowledge, no party is in default of any of its obligations under the Material Property Agreements which would reasonably be expected to result in a Property Material Adverse Effect on such Property.
Material Property Agreements. Development Agreement for West Allis Town Centre dated May 7, 2009 between Ramco-Xxxxxxxxxx Properties, L.P. and the City of West Allis.
Material Property Agreements. The Borrowers shall cause each Subsidiary Owner to (i) comply in all material respects with all covenants and obligations of the Subsidiary Owners under the applicable Material Property Agreements, in each case, as in effect as of the Closing Date, and (ii) cause all Material Property Agreements to be maintained in full force and effect, unless otherwise consented to in advance in writing by the Requisite Lenders. Notwithstanding the foregoing, this Section 5.22 shall not apply to the GA Tech Owner or the GA Tech Property to the extent that (i) the GA Tech Owner has received satisfactory forbearances and/or waivers from the lenders and administrative agents under the applicable Subsidiary Loan Agreement such that violations under this Section do not result in a default under such Subsidiary Loan Agreement or (ii) the GA Tech Property is no longer collateral under any Subsidiary Loan Agreement and no default or event of default is otherwise continuing under the related Subsidiary Loan Agreement.
