Mortgage Borrower Sample Clauses

Mortgage Borrower each Senior Mezzanine Borrower and each Junior Mezzanine Borrower shall have satisfied the requirements set forth in Section 8.8 of the Loan Agreement (Mortgage), Section 8.3 of each Senior Mezzanine Loan Agreement and Section 8.3 of each Junior Mezzanine Loan Agreement (as applicable), including, without limitation, delivery Mortgage Lender, each Senior Mezzanine Lender and Junior Mezzanine Lender (as applicable), as additional collateral for the Mortgage Loan, each Senior Mezzanine Loan and each Junior Mezzanine Loan (as applicable), a pledge of the interests of each limited partnership and each limited liability company general partner formed pursuant to Section 8.8 of the Loan Agreement (Mortgage), Section 8.3(a) of each Senior Mezzanine Loan Agreement, and Section 8.3(a) of each Junior Mezzanine Loan Agreement (as applicable);
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Mortgage Borrower. BROOKVIEW PARTNERS, L.P., a Texas limited partnership (SEAL)
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Mortgage Borrower. Mortgage Borrower 1 Principal, Mezzanine Borrower, Guarantor, Operating Lessee or Borrower filing an answer consenting to or otherwise acquiescing in or joining in any involuntary petition filed against it, by any other Person under the Bankruptcy Code or any other Federal or state bankruptcy or insolvency law, or soliciting or causing to be solicited petitioning creditors for any involuntary petition from any Person; (d) Mortgage Borrower, Mortgage Borrower 1 Principal, Mezzanine Borrower, Guarantor, Operating Lessee or Borrower consenting to or acquiescing in or joining in an application for the appointment of a custodian, receiver, trustee, or examiner for Mortgage Borrower, Mortgage Borrower 1 Principal, Mezzanine Borrower, Guarantor, Operating Lessee, Borrower or any portion of any Individual Property;
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Mortgage Borrower. Mortgage Borrower 1 Principal, Mezzanine Borrower, Guarantor, Operating Lessee or Borrower making an assignment for the benefit of creditors, or admitting, in writing or in any legal proceeding, its insolvency or inability to pay its debts as they become due; (ii) if Mortgage Borrower, Mortgage Borrower 1 Principal, Mezzanine Borrower, Guarantor, Operating Lessee or Borrower fails to obtain Lender’s prior written consent to any Indebtedness or voluntary Lien encumbering any of the Properties, the Mezzanine Collateral, the Mortgage Collateral or the Collateral; or (iii) if Borrower fails to obtain Lender’s prior written consent to any Transfer as required by this Agreement.
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Mortgage Borrower or Mezzanine A Borrower “opts out” of Article 8 of the UCC;
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Mortgage Borrower. [Alt #2 - is][Alt #1 - and General Partner are collectively] referred to herein as the “Pledged Entity”, which term shall be construed in accordance with the definition of such term in the Mezzanine Loan Agreement.
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Related to Mortgage Borrower

  • Mortgagor The obligor on a Mortgage Note. ---------

  • Borrower The term “Borrower” as used herein shall include any new or successor corporation, association, partnership (general or limited), limited liability company, joint venture, trust or other individual or organization formed as a result of any merger, reorganization, sale, transfer, devise, gift or bequest of Borrower or any interest in Borrower.

  • Operating Lease (i) Each Borrower shall (a) promptly perform and observe all of the covenants required to be performed and observed by it under the Operating Leases and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (b) promptly notify Lender of any material default under any Operating Lease of which it is aware; (c) promptly deliver to Lender a copy of any notice of default or other material notice under any Operating Lease delivered to any Operating Lessee by Borrower; (d) promptly give notice to Lender of any notice or information that Borrower receives which indicates that an Operating Lessee is terminating its Operating Lease or that any Operating Lessee is otherwise discontinuing its operation of the applicable Individual Property; and (e) promptly enforce the performance and observance of all of the material covenants required to be performed and observed by the Operating Lessee under the applicable Operating Lease. (ii) If at any time, (A) an Operating Lessee shall become insolvent or a debtor in a bankruptcy proceeding or (B) Lender or its designee has taken title to an Individual Property by foreclosure or deed in lieu of foreclosure, has become a mortgagee-in-possession, has appointed a receiver with respect to the applicable Individual Property or has otherwise taken title to such Individual Property, Lender shall have the absolute right to (and Borrower and Operating Lessee shall reasonably cooperate and not in any way hinder, delay or otherwise interfere with Lender’s right to), immediately terminate the applicable Operating Lease under and in accordance with the terms of the applicable Subordination, Attornment and Security Agreement. (iii) Borrower shall not, without the prior written consent of Lender, which consent shall not be unreasonably withheld: (a) surrender, terminate or cancel any Operating Lease or otherwise replace any Operating Lessee or enter into any other operating lease with respect to any Individual Property, provided, however, at the end of the term of each Operating Lease, the applicable Borrower may renew such Operating Lease or enter into a replacement Operating Lease with Operating Lessee on substantially the same terms as the expiring Operating Lease except that Lender shall have the right to approve any material change thereto; (b) reduce or consent to the reduction of the term of any Operating Lease; or (c) enter into, renew, amend, modify, waive any provisions of, reduce Rents under, or shorten the term of any Operating Lease.

  • Property Manager Any entity that has been retained to perform and carry out property rental, leasing, operation and management services at one or more of the Properties, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property.

  • Access to Property, Property’s Management, Property Lender, and Property Tenants Potential Investor agrees to not seek to gain access to any non-public areas of the Property or communicate with Property’s management employees, the holder of any financing encumbering the Property, the Property’s tenants, and the Owner’s partners in the ownership of the Property, without the prior consent of Owner or JLL, which consent may be withheld in the Owner’s sole discretion.

  • Pledge, Mortgage or Charge as Collateral for a Loan

  • Property Mortgaged Borrower does hereby irrevocably mortgage, grant, bargain, sell, pledge, assign, warrant, transfer and convey to Lender, and grant a security interest to Lender in, the following property, rights, interests and estates now owned, or hereafter acquired by Borrower (collectively, the "Property"):

  • Operating Leases Incur any obligation to pay rent under an operating lease in any Fiscal Year if to do so would result in the aggregate obligation of Borrower and its Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed $4,000,000.

  • Mortgaged Property The real property securing repayment of the debt evidenced by a Mortgage Note.

  • Occupancy of the Mortgaged Property As of the related Closing Date the Mortgaged Property is lawfully occupied under applicable law. All inspections, licenses and certificates required to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities. The Mortgagor represented at the time of origination of the Mortgage Loan that the Mortgagor would occupy the Mortgaged Property as the Mortgagor's primary residence;

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