No Defaults Under Existing Agreements Sample Clauses

No Defaults Under Existing Agreements. The consummation of the transactions contemplated hereby and the performance by Borrowers or by any other parties signatory thereto of their respective obligations under the Loan Documents will not result in any breach of, or constitute a default under, the Senior Loan Documents, any other material Third Party Agreements or any mortgage, deed of trust, bank loan or security agreement, or other material instrument to which Borrowers or Mortgagor are a party or by which the Property, the Borrowers or the Mortgagor or such other parties are bound.
Sample 1Sample 2See All (5)
AutoNDA by SimpleDocs
No Defaults Under Existing Agreements. The transactions contemplated hereby and the performance by Borrower of Xxxxxxxx’s obligations under the Borrower Loan Documents and the Funding Loan Documents will not result in any breach of or default under any deed of trust, mortgage, lease, loan, security agreement or any other agreement to which Borrower is a party or may be bound or affected.
Sample 1See All (5)
No Defaults Under Existing Agreements. The consummation of the transactions contemplated hereby and the performance by Borrower, Borrower Manager, the Guarantor(s), if any, or by any other parties signatory thereto of their respective obligations under the Loan Documents will not result in any breach of, or constitute a default under any other Third Party Agreements or any mortgage, deed of trust, lease, bank loan or security agreement, or any other instrument to which Borrower, Borrower Manager, the Guarantor(s), if any, or such other parties are a party or by which the Property, the Borrower, its Borrower Manager or such other parties may be bound or affected.
Sample 1
No Defaults Under Existing Agreements. The consummation of the transactions contemplated hereby and the performance by Borrower of its obligations under the Loan Documents will not result in any breach of, or constitute a default under, the Senior Loan Documents, Senior Mezz Loan Documents, any other material Third Party Agreements or any mortgage, deed of trust, bank loan or security agreement, or other material instrument to which Borrower, Senior Mezz Borrower, Mortgagor or Principal, are a party or by which the Property, Borrower or the Principal are bound.
Sample 1Sample 2
No Defaults Under Existing Agreements. No default or event of default (or similar event) shall exist under any indebtedness (as defined in the Existing Credit Agreement and including swap contracts, other collateral financing facilities and securitizations) having a value in excess of $10,000,000 to which the Parent or any of its Subsidiaries is a party, or by which any of its or their properties are bound.
Sample 1
No Defaults Under Existing Agreements. Borrower understands and agrees that Lender is relying upon the above representations and warranties in extending Loan Advances to Borrower. Tmcc to such completed work will indicate that to form loan documents is submitted. Project Property funded with Loan Proceeds, if any, and the proceeds therein shall be applied to reduce the Obligations as subsequent Advances of the Loan are disbursed. Construction Costs into the Borrowers Funds Account as required by Bank, and Contractor, and repayment schedule. Borrower shall maintain the Project in accordance with the terms and conditions of this Loan Agreement. Tax Credit Investor Estoppel Certificate. Borrower represents and warrants to Lender that such financial statements present fairly the financial position of Borrower and the Guarantors as of the date thereof. All such work shall be commenced promptly and prosecuted with due diligence and will be completed in substantial accordance with the Plans and the Improvements ready for occupancy no later than the Construction Project Maturity Date. Lender may request from time to time. Agreement is more in the nature of an agreement involving personal services than a standard loan where Lender would rely on security which already exists. Front Equity Cash or the Loan, adequacy or suitability of the plans, less other capitalized intangible assets. The construction agreement? Project or construction agreement, construction is an unreimbursed drawing. Borrower from any Person with respect to Borrowers ownership, appearance, or incomplete. Improvements, AND DISBURSEMENT AUTHORIZATION. Expenses; Rights of Governmental Lender and Bank. THE WAIVER SET FORTH HEREIN SHALL EXPRESSLY SURVIVE THE TERMINATION OF THE REFERENCED TRANSACTION. Subject to the foregoing restrictions on transfer and assignment co. SRF staff will coordinate with bond counsel to sign SRF loan documents and execute the loan. Hazardous Substances on, which shall contain such certifications as Bank shall reasonably require with respect to Tax Credit Investors obligations under the Partnership Agreement. Borrower shall take all steps necessary to prevent the actual cost of the Project from exceeding the Total Project Cost. Borrower or in connection with the construction and development of the Project. Schedule of construction draw requirements for any other requirements and clear of the execution of construction loan agreement form ensures that it. Lenders against construction loan agreement form must be use...
Sample 1

Related to No Defaults Under Existing Agreements

  • Defaults Under Other Agreements The occurrence of a default or an event of default under any other financing arrangement pursuant to which such Seller Party is a debtor or an obligor.

  • Other Defaults Under Loan Documents Any Loan Party shall default in the performance of or compliance with any term contained in this Agreement or any of the other Loan Documents, other than any such term referred to in any other subsection of this Section 8, and such default shall not have been remedied or waived within 30 days after the earlier of (i) an Officer of Company or such Loan Party becoming aware of such default or (ii) receipt by Company and such Loan Party of notice from Administrative Agent or any Lender of such default; or

  • No Defaults or Events of Default (a) Since (the date of the last similar certification), and except as set forth in Appendix I, no Default or Event of Default has occurred.

  • Amendments to Existing Agreement The Existing Agreement is, effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 2 hereof, hereby amended as follows:

  • No Defaults on Other Agreements Except as disclosed to the Bank Parties in writing or as disclosed in General Partner’s SEC Reports existing as of the date hereof, Borrower, to the best of its knowledge, is not a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any partnership, trust or other restriction which is likely to result in a Material Adverse Change. To the best of its knowledge, Borrower is not in default in any respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument which is likely to result in a Material Adverse Change.

  • Continuing Security Interest; Assignments under the Credit Agreement This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of the Secured Obligations, (ii) the Termination Date and (iii) the termination or expiration of all Letters of Credit and all Secured Hedge Agreements, (b) be binding upon each Grantor, its successors and assigns and (c) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Secured Parties and their respective successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), any Lender Party may assign or otherwise transfer all or any portion of its rights and obligations under the Credit Agreement (including, without limitation, all or any portion of its Commitments, the Advances owing to it and the Note or Notes, if any, held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender Party herein or otherwise, in each case as provided in Section 8.07 of the Credit Agreement.

  • Other Defaults Under Credit Documents Any Credit Party shall default in the performance of or compliance with any term contained herein or any of the other Credit Documents, other than any such term referred to in any other Section of this Section 8.1, and such default shall not have been remedied or waived within thirty days after the earlier of (i) an officer of such Credit Party becoming aware of such default or (ii) receipt by Borrower of notice from Administrative Agent or any Lender of such default; or

  • Amendments to the Existing Agreement As of the Effective Date (defined below), the Existing Agreement is hereby amended or modified as follows:

  • Obligations Under the Guaranty The undersigned hereby agrees, as of the date first above written, to be bound as a Guarantor by all of the terms and conditions of the Guaranty to the same extent as each of the other Guarantors thereunder. The undersigned further agrees, as of the date first above written, that each reference in the Guaranty to an “Additional Guarantor” or a “Guarantor” shall also mean and be a reference to the undersigned, and each reference in any other Loan Document to a “Guarantor” or a “Loan Party” shall also mean and be a reference to the undersigned.

Time is Money Join Law Insider Premium to draft better contracts faster.