MDFA Loan Documents Sample Clauses

MDFA Loan Documents. Until all of the First Lien Debt is Paid in Full and notwithstanding anything contained in the MDFA Loan Documents, the Lender Loan Agreement or the other Lender Loan Documents to the contrary, Second Lien Creditor shall not, without the prior written consent of First Lien Lender, agree to any amendment, modification or supplement to the MDFA Loan Documents which (i) increases the maximum principal amount of the Second Lien Debt or rate of interest (including the cash rate of interest) on any of the Second Lien Debt (except in connection with the imposition of a default rate of interest in accordance with the terms of the MDFA Loan Documents), (ii) accelerates the dates (including maturity dates) upon which payments of principal or interest on the Second Lien Debt are due, (iii) makes more restrictive or adds any event of default or any covenant with respect to the Second Lien Debt (other than in connection with an amendment, modification or supplement to the corresponding provision in the Lender Loan Documents, in which event the Second Lien Creditor shall be permitted to effect a similar amendment or modification to the applicable Second Lien Debt Document provided that any “cushion” between the Lender Loan Documents and MDFA Loan Documents is maintained or provided), (iv) changes any of the redemption or prepayment provisions of the Second Lien Debt, (v) alters the subordination provisions with respect to the Second Lien Debt, including, without limitation, subordinating the Second Lien Debt to any other debt, or (vi) changes or amends any other term of the MDFA Loan Documents if such change or amendment would materially increase or otherwise enlarge the obligations of any Loan Party or confer additional material rights on Second Lien Creditor or any other holder of the Second Lien Debt in a manner adverse to any Loan Party, First Lien Lender.
Sample 1
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Related to MDFA Loan Documents

  • Senior Loan Documents The executed Senior Loan Documents are the same forms as approved by HUD prior to the date of this Agreement. Upon execution and delivery of the Senior Loan Documents, Borrower shall deliver to Subordinate Lender an executed copy of each of the Senior Loan Documents, certified to be true, correct and complete.

  • Other Loan Documents Each of the conditions precedent set forth in the other Loan Documents shall have been satisfied.

  • Loan Documents The Requisite Lenders may direct the Administrative Agent to, and the Administrative Agent if so directed shall, exercise any and all of its rights under any and all of the other Loan Documents.

  • Credit Agreement; Loan Documents This Agreement or counterparts hereof shall have been duly executed by, and delivered to, Borrowers, each other Credit Party, Agent and Lenders; and Agent shall have received such documents, instruments, agreements and legal opinions as Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including all those listed in the Closing Checklist attached hereto as Annex D, each in form and substance reasonably satisfactory to Agent.

  • Perform Loan Documents Borrower shall observe, perform and satisfy all the terms, provisions, covenants and conditions of, and shall pay when due all costs, fees and expenses to the extent required under the Loan Documents executed and delivered by, or applicable to, Borrower.

  • Credit Documents Administrative Agent shall have received sufficient copies of each Credit Document originally executed and delivered by each applicable Credit Party for each Lender.

  • Required Loan Documents The Collateral Custodian will not dispose of any documents constituting the Required Loan Documents in any manner that is inconsistent with the performance of its obligations as the Collateral Custodian pursuant to this Agreement and will not dispose of any Collateral Portfolio except as contemplated by this Agreement.

  • Execution of Credit Agreement; Loan Documents The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrower, (iii) counterparts of the Security Agreement and each other Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable and (iv) counterparts of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto.

  • Financing Documents The CAC Credit Facility Documents, the Xxxxx Fargo Warehouse Documents, the Fifth Third Warehouse Documents, the Flagstar Warehouse Documents, the BMO Warehouse Documents, the 2017-3 Securitization Documents, the 2017-2 Securitization Documents, the 2017-1 Securitization Documents, the 2016-3 Securitization Documents, the 2016-2 Securitization Documents, the 2016-1 Securitization Documents, the 2015-2 Securitization Documents and the 2015-1

  • Credit Agreement and Loan Documents The Administrative Agent (or its counsel) shall have received (i) from each party hereto either (A) a counterpart of this Agreement signed on behalf of such party or (B) written evidence satisfactory to the Administrative Agent (which may include fax or other electronic transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement, (ii) duly executed copies of the Loan Documents and such other certificates, documents, instruments and agreements as the Administrative Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including any promissory notes requested by a Lender pursuant to Section 2.10 payable to the order of each such requesting Lender, and (iii) written opinions of the counsel to the Loan Parties, addressed to the Administrative Agent, the Issuing Bank and the Lenders and including the opinions set forth in Exhibit C.

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