Mortgage Obligations Sample Clauses

Mortgage Obligations. The Guaranteed Obligations of Mortgagor (only), and Mortgagor’s obligations under this Mortgage and the other Credit Documents to which it is a party; for avoidance of doubt, and notwithstanding anything to the contrary in any other Credit Documents, the Guaranteed Obligations of any other Credit Party (other than Mortgagor) and the Obligations of the Borrower are not and shall not be secured by this Mortgage.
Sample 1Sample 2
AutoNDA by SimpleDocs
Mortgage Obligations. (i) The Shopping Center is subject as of the date hereof to the mortgage(s) securing obligation(s) in the amount(s) set forth in Section 4.3(b) of the Contributor Disclosure Letter (such obligations and any other obligations incurred to refinance such obligations, the "Loan Obligations") and is subject as of the date hereof to no other mortgage. Section 4.3(b) of the Contributor Disclosure Letter sets forth the original principal amount, approximate outstanding principal amount, interest rate, term and other material economic provisions of each of the Loan Obligations. (ii) The documents identified in Section 4.3(b) of the Contributor Disclosure Letter, true and correct copies of which have been delivered to PREIT (or to which PREIT has been given access), constitute all of the material documents evidencing, defining or securing the Loan Obligations (the "Loan Documents"). (iii) The Project Partnerships and RII, Inc. have complied with the Loan Documents, and there are no events of default thereunder now outstanding. To the Contributors' knowledge, no event has occurred, which with the passage of time or the giving of notice or both, could ripen into an event of default under the terms of the Loan Documents.
Sample 1
Mortgage Obligations. The Debtors, jointly and severally, covenant and agree with the Bank that, so long as any of the principal of or interest on the Term Note, any fee or expense in connection therewith, or any expense or amount due under the Mortgage, the Subordinate Mortgage, or the Third Mortgage shall remain unpaid, all obligations of the Mortgagor under the Mortgage and all obligations of the Mortgagor under the Subordinate Mortgage and all the obligations of the Mortgagor under the Third Mortgage shall be timely discharged in accordance with the terms and conditions of such mortgages.
Sample 1
Mortgage Obligations. Within one hundred (100) days following the Closing Date (or such longer time period as may be granted by the Administrative Agent in its sole discretion), each of the Parent and the Borrower will cause the applicable Obligors to duly execute and deliver to Administrative Agent a Mortgage with respect to each Mortgaged Property, in each case in form for recording in the recording office of each political subdivision where such Mortgaged Property is located, so as to grant and perfect in favor of the Collateral Agent, for the benefit of the Secured Parties, a first priority Lien, against the Mortgaged Property purported to be covered thereby, together with each of the following: (a) evidence of the completion (or satisfactory arrangements for the completion) of all recordings and filings of such Mortgage as may be necessary or, in the reasonable opinion of the Administrative Agent or Collateral Agent, desirable effectively to create a valid, perfected first priority Lien, subject only to Permitted Liens, against the Mortgaged Property purported to be covered thereby; (b) evidence of the payment of (or satisfactory arrangements for the payment of) all mortgage recording taxes, fees, costs and expenses of filing of each Mortgage as may be necessary in the reasonable opinion of the Administrative Agent, to create a valid, perfected super priority first Lien against the Mortgaged Property identified in such Mortgage, subject only to Permitted Liens; and (c) any Other Mortgage Deliverables with respect thereto as may be requested by the Administrative Agent in its sole and absolute discretion.
Sample 1
Mortgage Obligations. The obligations and liabilities related to the mortgages described on SCHEDULE 3.1(e) attached hereto, which, as of March 31, 1996, are estimated to have an outstanding balance of $938,626 (the "Mortgage Obligations") and are secured by the Real Estate described in SCHEDULE 3.1(e).
Sample 1
Mortgage Obligations. Notwithstanding the provisions in Section 3.2 of the Agreement to the contrary, effective as of the Closing Date, the Purchaser shall either assume the Mortgage Obligations (in which case the Mortgage Obligations shall be deemed to be included in the Assumed Liabilities) or make payment in full of the Mortgage Obligations.
Sample 1
Mortgage Obligations. The Guaranteed Obligations of Grantor (only), and Grantor’s obligations under this Deed of Trust and the other Credit Documents to which it is a party; for avoidance of doubt, and notwithstanding anything to the contrary in any other Credit Documents, the Guaranteed Obligations of any other Credit Party (other than Grantor) and the Obligations of the Borrowers are not and shall not be secured by this Deed of Trust.
Sample 1
AutoNDA by SimpleDocs
Mortgage Obligations. (i) As reflected in the Title Policy, the Shopping Center is subject to the mortgage(s) securing obligation(s) in the amount(s) set forth in Section 4.3(b) of the Contributor Disclosure Letter (the "Loan Obligations") and is subject to no other mortgage. Section 4.3(b) of the Contributor Disclosure Letter sets forth the original principal amount, approximate outstanding principal amount, interest rate, term and other material economic provisions of each of the Loan Obligations. (ii) The documents identified in Section 4.3(b) of the Contributor Disclosure Letter, true and correct copies of which have been delivered to PREIT (or to which PREIT has been given access), constitute all of the material documents evidencing, defining or securing the Loan Obligations (the "Loan Documents"). (iii) The Project Partnership has complied with the Loan Documents, and there are no events of default thereunder now outstanding. No event has occurred, which with the passage of time or the giving of notice or both, could ripen into an event of default under the terms of the Loan Documents.
Sample 1
Mortgage Obligations 
Sample 1

Related to Mortgage Obligations

  • Insurance Obligations Borrower fails to promptly perform or comply with any of the covenants contained in the Loan Documents with respect to maintaining insurance, including the covenants contained in Section 4.4.

  • Surety Obligations No Borrower or Subsidiary is obligated as surety or indemnitor under any bond or other contract that assures payment or performance of any obligation of any Person, except as permitted hereunder.

  • Joint Obligations A. The University and the student share the responsibility for ensuring the quality of life within the residence halls, their maintenance, furnishings and facilities, and for a physical environment secure from fire and other hazards. The University will work with students to promote effective security of persons and property in the residence halls.

  • Insurance Obligation During the Term of this Master Contract, Contractor shall possess and maintain in full force and effect, at Contractor’s sole expense, the following insurance coverages:

  • Maintenance Obligations Local Agency shall maintain and operate the Work constructed under this Agreement at its own cost and expense during their useful life, in a manner satisfactory to the State and FHWA. Local Agency shall conduct such maintenance and operations in accordance with all applicable statutes, ordinances, and regulations pertaining to maintaining such improvements. The State and FHWA may make periodic inspections to verify that such improvements are being adequately maintained.

  • Payment of Leasehold Obligations Each Borrower shall at all times pay, when and as due, its rental obligations under all leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect and, at Agent’s request will provide evidence of having done so.

  • The Obligations The security interest granted hereunder shall secure the payment of all indebtedness and the performance of all obligations of the Debtor to the Secured Party of every type and description, whether now existing or hereafter arising, fixed or contingent, as primary obligor or as guarantor or surety, acquired directly or by assignment or otherwise, liquidated or unliquidated, regardless of how they arise or by what agreement or instrument they may be evidenced, including without limitation all loans, advances and other extensions of credit and all covenants, agreements, and provisions contained in all loan and other agreements between the parties (the “Obligations”).

  • Client Obligations 3.1 The Client warrants and represents that: 3.1.1 it shall co-operate with Centaur as required for the proper performance of the Services; 3.1.2 it shall provide, for Centaur, its agents, subcontractors, consultants and employees, in a timely manner and at no charge, access to the Client's premises during normal office hours (being Monday – Friday 8am – 6pm), office accommodation, data and other facilities as is reasonably required by Centaur or any of them for the proper performance of the Services; 3.1.3 all information it has provided to Centaur in relation to the Services as at the date of the Order Form is accurate, complete and is not misleading and it shall provide, in a timely manner, such further information and Client Material as Centaur may require for the proper performance of the Services, and ensure that such information and Client Material is accurate, complete and not misleading; 3.1.4 it shall be responsible (at its own cost) for preparing and maintaining the relevant premises for the supply of the Services; 3.1.5 it shall inform Centaur of all health and safety rules and regulations and any other reasonable security requirements that apply at any of the Client's premises; 3.1.6 it shall only use the Services for internal business purposes and, without prejudice to the foregoing, shall not use the Services, the Deliverables or any Centaur Materials to develop a product or service that competes with any of the products or services provided by Centaur; 3.1.7 the Client Materials shall not infringe any third party rights, including any third party Intellectual Property Rights; and 3.1.8 it shall obtain and maintain all necessary licences and consents and comply with all relevant legislation in relation to the Services, before the date on which the Services are to start. 3.2 If Centaur's performance of its obligations under this Agreement is prevented or delayed by any act or omission of the Client, its agents, subcontractors, consultants or employees, Centaur shall not be liable for any costs, charges or losses sustained or incurred by the Client that arise directly or indirectly from such prevention or delay.

  • Guaranty of the Obligations Subject to the provisions of Section 7.2, Guarantors jointly and severally hereby irrevocably and unconditionally guaranty to Administrative Agent for the ratable benefit of the Beneficiaries the due and punctual payment in full of all Obligations when the same shall become due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)) (collectively, the “Guaranteed Obligations”).

  • Recourse Obligations The Mortgage Loan documents for each Mortgage Loan (a) provide that such Mortgage Loan becomes full recourse to the Mortgagor and guarantor (which is a natural person or persons, or an entity or entities distinct from the Mortgagor (but may be affiliated with the Mortgagor) that collectively, as of the date of origination of the related Mortgage Loan, have assets other than equity in the related Mortgaged Property that are not de minimis) in any of the following events (or negotiated provisions of substantially similar effect): (i) if any petition for bankruptcy, insolvency, dissolution or liquidation pursuant to federal bankruptcy law, or any similar federal or state law, shall be filed by, consented to, or acquiesced in by, the Mortgagor; (ii) the Mortgagor or guarantor shall have solicited or caused to be solicited petitioning creditors to cause an involuntary bankruptcy filing with respect to the Mortgagor or (iii) voluntary transfers of either the Mortgaged Property or controlling equity interests in the Mortgagor made in violation of the Mortgage Loan documents; and (b) contains provisions for recourse against the Mortgagor and guarantor (which is a natural person or persons, or an entity or entities distinct from the Mortgagor (but may be affiliated with the Mortgagor) that collectively, as of the date of origination of the related Mortgage Loan, have assets other than equity in the related Mortgaged Property that are not de minimis), for losses and damages resulting from the following (or negotiated provisions of substantially similar effect): (i) the Mortgagor’s misappropriation of rents after an event of default, security deposits, insurance proceeds, or condemnation awards; (ii) the Mortgagor’s fraud or intentional material misrepresentation; (iii) breaches of the environmental covenants in the Mortgage Loan documents; or (iv) the Mortgagor’s commission of intentional material physical waste at the Mortgaged Property (but, in some cases, only to the extent there is sufficient cash flow generated by the related Mortgaged Property to prevent such waste).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!