No Defaults under Loan Documents or Other Agreements. There is, and, until the Lenders have been fully repaid the entire indebtedness evidenced or to be evidenced by the Note, there will be, no default or Event of Default on the part of any Borrower or Guarantor under the Loan Documents or under any other document to which any Borrower or Guarantor is a party and which relates to the ownership, occupancy, use, development, construction or management of any Property; and no Borrower or Guarantor is in default or will be in default in the payment of the principal or interest on any of its indebtedness for borrowed money, and no Borrower or Guarantor is, or will be, in default under any instrument or agreement under and subject to which any indebtedness for borrowed money has been issued or is secured; and no event has occurred, or will occur, which, with the lapse of time or the giving of notice or both, would constitute a default thereunder.
No Defaults under Loan Documents or Other Agreements. There is no default or Event of Default on the part of Borrower under the Loan Documents and none of Borrower, Guarantor nor any Approved Subsidiary is in default beyond applicable notice, grace or cure periods under any instrument or agreement under and subject to which any recourse indebtedness in excess of $100,000.00 in the aggregate or any nonrecourse indebtedness in excess of $10,000,000.00 in the aggregate for borrowed money has been issued or is secured.
No Defaults under Loan Documents or Other Agreements. No Default or Event of Default has occurred under any of the Loan Documents, or currently exists under any other document to which Borrower is a party which relates to the ownership, occupancy, use, development, construction, renovation or management of the Project. Borrower is not in default in the payment of the principal or interest on any of its Indebtedness for borrowed money; and no event has occurred, or will occur, which, with the lapse of time or the giving of notice or both, would constitute an Event of Default under the Loan Documents. Borrower is not obligated for the payment of any commission or other fee with respect to the purchase of the Land and Improvements, or if Borrower is so obligated, such commission or other fee has been paid in full.
No Defaults under Loan Documents or Other Agreements. There is, and, until the Lenders have been fully repaid the entire indebtedness evidenced or to be evidenced by the Note, there will be, no default or Event of Default on the part of Borrower under the Loan Documents or under any other document, including, without limitation, the Proffers and the Leadership Agreements, to which Borrower is a party and which relates to the ownership, occupancy, use, development, construction or management of the Property. Neither Borrower nor Guarantor is, nor will be, in default beyond applicable notice, grace or cure periods under any instrument or agreement under and subject to which any recourse indebtedness in excess of $100,000.00 in the aggregate or any nonrecourse indebtedness in excess of $10,000,000.00 in the aggregate for borrowed money has been issued or is secured.
No Defaults under Loan Documents or Other Agreements. No Default or Event of Default has occurred, and no default or event of default exists under any other document to which Borrower is a party which relates to the ownership, occupancy, use, development, construction, renovation or management of the Project. Borrower is not in default in the payment of the principal or interest on any of its Indebtedness for borrowed money beyond any notice or cure periods. Borrower is not obligated for the payment of any commission or other fee with respect to the purchase of the Land and Improvements, or if Borrower is so obligated, such commission or other fee has been paid in full.
No Defaults under Loan Documents or Other Agreements. There is no Default or Event of Default by the Borrower under any Loan Document or any default or event of default (however denominated) under any other document to which the Borrower is a party and which relates to any Indebtedness of the Borrower to the Lender or any other lender.
No Defaults under Loan Documents or Other Agreements. There is no default or Event of Default on the part of Borrower or any Guarantor under the Loan Documents or under any other document to which Borrower or any such Affiliate is a party and which relates to the ownership, occupancy, use, development, construction or management of the Property or the other assets of Borrower; and neither Borrower nor Guarantor is in default or will be in default in the payment of the principal or interest on any of its indebtedness for borrowed money, and is not in default under any instrument or agreement under and subject to which any indebtedness for borrowed money has been issued or is secured; and no event has occurred which, with the lapse of time or the giving of notice or both, would constitute an Event of Default thereunder.
No Defaults under Loan Documents or Other Agreements. To the Knowledge of Borrowers, there are no circumstances that presently exist that, upon closing of this Loan Agreement, would result in an Event of Default. Each Borrower is not in default in the payment of the principal or interest on any of its Indebtedness for borrowed money (assuming the passage of any applicable grace, cure or notice period). X.Xxx is not obligated for the payment of any commission or other fee with respect to the purchase of the Land, or if X.Xxx is so obligated, such commission or other fee has been paid in full.
No Defaults under Loan Documents or Other Agreements. To Borrower’s Knowledge, (a) no Default or Event of Default has occurred and is continuing under any of the Loan Documents or currently exists under any other material document to which Borrower is a party which relates to the ownership, occupancy, use, construction, improvement or management of the Property; (b) Borrower is not in default in the payment of the principal or interest on any of its Indebtedness for borrowed money; and (c) no event has occurred, which, with the lapse of time or the giving of notice or both, would constitute an Event of Default under the Loan Documents.
No Defaults under Loan Documents or Other Agreements. There is, and, until Lender has been fully repaid the entire indebtedness evidenced or to be evidenced by the Note and there is no obligation of Lender to make any further Advances hereunder, there will be, no Default or Event of Default on the part of Borrower under the Loan Documents or under any other document to which any Loan Party is a party and which relates to the ownership, occupancy, use, development, construction or management of the Project or under any Loan Party’s organizational documents. Borrower is not obligated for the payment of any commission or other fee with respect to the purchase of the Project, the formation of Borrower or any Lease or if Borrower is so obligated such commission or other fee will be paid at closing.
