Performance by Mezzanine Borrower Sample Clauses
The 'Performance by Mezzanine Borrower' clause requires the mezzanine borrower to fulfill all obligations and duties specified in the loan agreement. This typically includes making timely payments, maintaining required insurance, and complying with all covenants and representations outlined in the contract. By clearly outlining these responsibilities, the clause ensures that the lender has legal recourse if the borrower fails to perform, thereby protecting the lender’s interests and maintaining the integrity of the loan arrangement.
Performance by Mezzanine Borrower. Mezzanine Borrower shall in a timely manner observe, perform and fulfill in all material respects each and every covenant, term and provision of each Mezzanine Loan Document executed and delivered by, or applicable to, Mezzanine Borrower, and shall not enter into or otherwise suffer or permit any amendment, waiver, supplement, termination or other modification of any Mezzanine Loan Document executed and delivered by, or applicable to, Mezzanine Borrower, as applicable, without the prior written consent of Mezzanine Lender.
Performance by Mezzanine Borrower. (a) Mezzanine Borrower shall in a timely manner observe, perform and fulfill in all material respects each and every covenant, term and provision of each Mezzanine Loan Document executed and delivered by, or applicable to, Mezzanine Borrower and shall not enter into or otherwise suffer or permit any amendment, waiver, supplement, termination or other modification of any Mezzanine Loan Document executed and delivered by, or applicable to, Mezzanine Borrower, as applicable, without the prior written consent of Mezzanine Lender.
(b) Mezzanine Borrower shall cause each Senior Mezzanine Borrower and Mortgage Borrower in a timely manner to observe, perform and fulfill each and every covenant, term and provision of each Senior Mezzanine Loan Document or Loan Document (Mortgage) executed and delivered by, or applicable to, each Senior Mezzanine Borrower or Mortgage Borrower. Mezzanine Borrower shall not suffer or permit any Senior Mezzanine Borrower or Mortgage Borrower to enter into any amendment, waiver, supplement, termination or other modification of any Senior Mezzanine Loan Document or Loan Document (Mortgage) executed and delivered by, or applicable to, any Senior Mezzanine Borrower or Mortgage Borrower without the prior written consent of Mezzanine Lender.
Performance by Mezzanine Borrower. (a) Mezzanine Borrower shall in a timely manner observe, perform and fulfill each and every covenant, term and provision of each Loan Document (Intermediate Mezzanine) executed and delivered by, or applicable to, Mezzanine Borrower and shall not enter into or otherwise suffer or permit any amendment, waiver, supplement, termination or other modification of any Loan Document (Intermediate Mezzanine) executed and delivered by, or applicable to, Mezzanine Borrower without the prior written consent of Mezzanine Lender.
(b) Mezzanine Borrower shall cause Senior Mezzanine Borrower and Mortgage Borrower in a timely manner to observe, perform and fulfill each and every covenant, term and provision of each Loan Document (Senior Mezzanine) and Loan Document (Mortgage) executed and delivered by, or applicable to, Mortgage Borrower.
Performance by Mezzanine Borrower. (a) Mezzanine Borrower shall in a timely manner observe, perform and fulfill each and every covenant, term and provision of each Loan Document (Mezzanine) executed and delivered by, or applicable to, Mezzanine Borrower and shall not enter into or otherwise suffer or permit any amendment, waiver, supplement, termination or other modification of any Loan Document (Mezzanine) executed and delivered by, or applicable to, Mezzanine Borrower without the prior written consent of Mezzanine Lender.
(b) Mezzanine Borrower shall cause Mortgage Borrower in a timely manner to observe, perform and fulfill each and every covenant, term and provision of each Loan Document (Mortgage) executed and delivered by, or applicable to, Mortgage Borrower.
Performance by Mezzanine Borrower. (a) Mezzanine Borrower shall in a timely manner observe, perform and fulfill in all material respects each and every covenant, term and provision of each Mezzanine Loan Document executed and delivered by, or applicable to, Mezzanine Borrower, and shall not enter into or otherwise suffer or permit any amendment, waiver, supplement, termination or other modification of any Mezzanine Loan Document executed and delivered by, or applicable to, Mezzanine Borrower, as applicable, without the prior written consent of Mezzanine Lender.
(b) Mezzanine Borrower shall cause Mortgage Borrower in a timely manner to observe, perform and fulfill each and every covenant, term and provision of each Loan Document (Mortgage) executed and delivered by, or applicable to, Mortgage Borrower. Mezzanine Borrower shall not suffer or permit Mortgage Borrower to enter into any amendment, waiver, supplement, termination or other modification of any Loan Document (Mortgage) executed and delivered by, or applicable to, Mortgage Borrower without the prior written consent of Mezzanine Lender.
Performance by Mezzanine Borrower. (a) Mezzanine Borrower shall in a timely manner observe, perform and fulfill each and every covenant, term and provision of each Loan Document (Junior Tier Mezzanine) executed and delivered by, or applicable to, Mezzanine Borrower. Except to the extent permitted pursuant to any intercreditor agreement between Mortgage Lender, Senior Tier Mezzanine Borrower and Mezzanine Lender, Mezzanine Borrower shall not enter into or otherwise suffer or permit any amendment, waiver, supplement, termination or other modification of any Loan Document (Junior Tier Mezzanine) executed and delivered by Mezzanine Borrower without the prior written consent of Mezzanine Lender.
(b) Every covenant, term and provision of each Loan Document (Mortgage) executed and delivered by, or applicable to, Mortgage Borrower shall be observed, performed and fulfilled in accordance with the Loan Documents (Mortgage). Except to the extent permitted pursuant to any intercreditor agreement between Mortgage Lender, Senior Tier Mezzanine Borrower and Mezzanine Lender, no amendment, waiver, supplement, termination or other modification of any Loan Document (Mortgage) (other than a Permitted Mortgage Loan Amendment) shall be executed and delivered without the prior written consent of Mezzanine Lender.
(c) Every covenant, term and provision of each Loan Document (Senior Tier Mezzanine) executed and delivered by, or applicable to, Senior Tier Mezzanine Borrower shall be observed, performed and fulfilled in accordance with the Loan Documents (Senior Tier Mezzanine). Except to the extent permitted pursuant to any intercreditor agreement between Mortgage Lender, Senior Tier Mezzanine Borrower and Mezzanine Lender, no amendment, waiver, supplement, termination or other modification of any Loan Document (Senior Tier Mezzanine) shall be executed and delivered without the prior written consent of Mezzanine Lender.
Performance by Mezzanine Borrower. (a) Mezzanine Borrower shall in a timely manner observe, perform and fulfill each and every covenant, term and provision of each Loan Document (First Mezzanine) executed and delivered by, or applicable to, Mezzanine Borrower and shall not enter into or otherwise suffer or permit any amendment, waiver, supplement, termination or other modification of any Loan Document (First Mezzanine) executed and delivered by, or applicable to, Mezzanine Borrower without the prior written consent of Mezzanine Lender.
(b) Mezzanine Borrower shall cause Mortgage Borrower in a timely manner to observe, perform and fulfill each and every covenant, term and provision of each Loan Document (Mortgage) executed and delivered by, or applicable to, Mortgage Borrower.
Performance by Mezzanine Borrower. (a) Mezzanine Borrower shall in a timely manner observe, perform and fulfill each and every covenant, tern and provision of each Loan Document (Mezzanine) executed and delivered by, or applicable to, Mezzanine Borrower and shall not enter into or otherwise suffer or permit any amendment, waiver, supplement, termination or other modification of any Loan Document (Mezzanine) executed and delivered by, or applicable to, Mezzanine Borrower without the prior written consent of Mezzanine Lender.
(b) Mezzanine Borrower shall cause Mortgage Borrower in a timely manner to observe, perform and fulfill each and every covenant, term and provision of each Loan Document (Mortgage) executed and delivered by, or applicable to, Mortgage Borrower. Mezzanine Borrower shall not suffer or permit Mortgage Borrower to enter into any amendment, waiver, supplement, termination or other modification of any Loan Document (Mortgage) executed and delivered by, or applicable to, Mortgage Borrower without the prior written consent of Mezzanine Lender.
(c) On the date hereof and at all times until the Loan and the Obligations (Mezzanine) are indefeasibly paid and performed in full, Mezzanine Borrower shall collectively own 100% of the beneficial interests in General Partner and 99.5% of the beneficial interests in Mortgage Borrower (General Partner owning the other 0.5% of such interests). Mezzanine Borrower shall use the rights as such beneficial owner of Mortgage Borrower and General Partner to satisfy the covenants provided in the Loan Documents (Mezzanine) to the extent such covenants require Mezzanine Borrower to cause Mortgage Borrower or General Partner to take any action or to refrain from taking any action. In causing Mortgage Borrower or General Partner to take any action or to refrain from taking any action required by the Loan Documents (Mezzanine), Mezzanine Borrower shall recognize and respect the limited partnership and limited liability company organizational separateness of Mortgage Borrower and General Partner. Such powers shall be exercised by Global ▇▇▇▇▇ Member, LLC, in its capacity as the sole member of General Partner, in its capacity as the sole general partner of Mortgage Borrower, provided that any failure to cause Mortgage Borrower or General Partner to take any action or to refrain from taking any action required pursuant to the Loan Documents (Mezzanine) shall constitute a Default under this Agreement.