Common use of Outstanding Loans Clause in Contracts

Outstanding Loans. None of the Mortgages have become unenforceable as a result of the failure to pay any additional mortgage recording tax, documentary stamp tax, tax on intangibles, or other similar taxes due to any state or local governmental authority by reason of the borrowing, repayment or prepayment, and subsequent reborrowing of any Loans.

Appears in 2 contracts

Samples: Credit Agreement (Granite Broadcasting Corp), Credit Agreement (Granite Broadcasting Corp)

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Outstanding Loans. None of the Mortgages have mortgages has become unenforceable as a result of the failure to pay any additional mortgage recording tax, documentary stamp tax, tax on intangibles, or other similar taxes due to any state or local governmental authority by reason of the borrowing, repayment or prepayment, and subsequent reborrowing of any Loansloans under the Existing Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Granite Broadcasting Corp)

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Outstanding Loans. None of the Mortgages have Mortgage Documents has become unenforceable as a result of the failure to pay any additional mortgage recording tax, documentary stamp tax, tax on intangibles, or other similar taxes due to any state or local governmental authority by reason of the borrowing, repayment or prepayment, and subsequent reborrowing of any Loansloans under the Existing Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Granite Broadcasting Corp)

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