PRIOR LOAN DOCUMENTS Sample Clauses

PRIOR LOAN DOCUMENTS. (a) Borrower is indebted to the Issuer pursuant to the Financing Agreement. The Bond Mortgage secures (i) the obligations under the Financing Agreement, (ii) the obligations under the Bond Mortgage, and (iii) payment of all other indebtedness relating to the Mortgaged Property owing by Borrower to the Issuer. (b) Borrower shall comply with all of the terms and conditions of the Bond Documents to which Borrower is a party or which require performance or observance by Borrower and make all payments as and when due of all indebtedness secured thereby. Any sums disbursed or advanced by Lender to cure a default under the Bond Documents will constitute an advance to protect Xxxxxx’s security under Section 12, and will be payable in accordance with Section 12. (c) Borrower shall neither request nor accept any extension, postponement, indulgence, amendment, modification or forgiveness of the Financing Agreement or the indebtedness evidenced thereby or of any of the Bond Documents without the prior written consent of Lender. (d) Upon receipt by Borrower of any notice of default or claim of default (whether oral or written) given by the holder of the Financing Agreement pursuant thereto or pursuant to the Bond Documents or otherwise, Borrower shall immediately send Lender a copy of same by overnight courier and telecopy or, in the case of an oral claim of default or notice of default, shall immediately send to Lender a summary of the claimed default and the date made by the holder of the Financing Agreement. (e) To the extent that Lender advances funds for the purpose of paying all or any part of the indebtedness secured by the Bond Documents or curing a default thereunder, Lender will be subrogated to any and all rights, superior titles, liens, and equities owned or claimed by the owner of the Bond Documents.
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PRIOR LOAN DOCUMENTS. It is understood and agreed that with respect to all long-term loan agreements previously entered into by and between CFC and Borrower and all promissory notes thereto secured under the Mortgage (both hereinafter being referred to as "Prior Loan Documents") the Borrower shall be required, after the date hereof, to meet reporting and financial covenants as set forth in this Agreement rather than those set forth in the Prior Loan Documents. In the event of any conflict between any reporting and financial covenant set forth in a Prior Loan Document and any reporting and financial covenant in this Agreement, the requirements as set forth in this Agreement shall apply. Nothing in this section shall, however, eliminate or modify any special condition, special affirmative covenant or special negative covenant, if any, unless specifically agreed to in writing by CFC. Furthermore, the interest rate options available to Borrower as set forth in this Agreement shall supersede the interest rate options as set forth in any Prior Loan Documents.
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PRIOR LOAN DOCUMENTS. Borrowers acknowledge and agree that:
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PRIOR LOAN DOCUMENTS. All Loan Documents (as such term is defined in the Original Credit Agreement) relating to the Original Sunrise Loan, the Original Xxxxx Xxxx Loan and the Royal York Loan (as defined in the Original Credit Agreement), as any of the same may be amended and/or restated as of the date hereof (collectively, as so amended and/or restated, the "Original Loan Documents"), shall remain in full force and effect and RBA hereby assumes all of the obligations of River Bank America under the Original Loan Documents.
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PRIOR LOAN DOCUMENTS. Evidence reasonably satisfactory to the Banks that the loans (other than the Existing Letters of Credit), all interest thereon and all other amounts owed to the Agent or the Banks under the Prior Loan Documents have been repaid in full.
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PRIOR LOAN DOCUMENTS. The Borrowers shall remain liable for the Prior Debt evidenced by the Prior Loan Documents.
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PRIOR LOAN DOCUMENTS. Borrower hereby represents, warrants and covenants as follows: (a) The outstanding principal balance of the indebtedness evidenced by the Existing Note as of the Closing Date is $53,240,932.43 and all accrued interest and charges due thereon have been paid in full. Interest shall accrue from and after the Closing Date at the rate set forth herein. (b) The Existing Florida Mortgage, Existing Note and all other documents evidencing, governing or securing the Existing Note (collectively, the “Prior Loan Documents”) have not been amended, restated or consolidated in any manner as of the date hereof except as described in the Recitals to this Agreement and in the Recitals to the Mortgage encumbering the Florida Projects. All of the terms, provisions, covenants, warranties and agreements contained, and all liens and security interests granted, in the Prior Loan Documents remain in full force and effect, and the liens and security interests granted therein are acknowledged to be valid and subsisting liens against the Projects. (c) Except as previously disclosed to Lender in writing, there has not occurred any act or event which constitutes, or which would have constituted, or by the giving of notice or the expiration of any grace period, or both, a default under any of the Prior Loan Documents. (d) On the date hereof, there exist no defenses or offsets to the obligations evidenced and secured by the Prior Loan Documents and Borrower hereby waives any right to assert any such claims or defenses existing as of the date hereof. (e) Borrower, for itself and on behalf of each Borrower Party, hereby jointly and severally indemnify, release, acquit, hold harmless and forever discharge Lender, and Lender’s subsidiaries, divisions, partners, affiliated corporations, officers, directors, agents, employees, attorneys and representatives, as well as their respective heirs, executors, legal representatives, successors and assigns (herein collectively called the “Lender Related Parties”) from any and all claims, demands, debts, liabilities, contracts, agreements, obligations, accounts, defenses, suits, offsets against any of the Prior Loan Documents, actions, causes of action or claims for relief of whatever kind of nature, known or unknown to Borrower or any Borrower Party as of the date hereof, which Borrower or any Borrower Party may have, jointly or severally, against Lender or Lender Related Parties, for or by reason of any matter, cause or thing whatsoever occurring prio...
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PRIOR LOAN DOCUMENTS 
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Related to PRIOR LOAN DOCUMENTS

  • Senior Loan Documents The executed Senior Loan Documents are the same forms as approved by HUD prior to the date of this Agreement. Upon execution and delivery of the Senior Loan Documents, Borrower shall deliver to Subordinate Lender an executed copy of each of the Senior Loan Documents, certified to be true, correct and complete.

  • Other Loan Documents Each of the conditions precedent set forth in the other Loan Documents shall have been satisfied.

  • Perform Loan Documents Borrower shall observe, perform and satisfy all the terms, provisions, covenants and conditions of, and shall pay when due all costs, fees and expenses to the extent required under the Loan Documents executed and delivered by, or applicable to, Borrower.

  • Loan Documents The Requisite Lenders may direct the Administrative Agent to, and the Administrative Agent if so directed shall, exercise any and all of its rights under any and all of the other Loan Documents.

  • Credit Agreement; Loan Documents This Agreement or counterparts hereof shall have been duly executed by, and delivered to, Borrowers, each other Credit Party, Agent and Lenders; and Agent shall have received such documents, instruments, agreements and legal opinions as Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including all those listed in the Closing Checklist attached hereto as Annex D, each in form and substance reasonably satisfactory to Agent.

  • Financing Documents The CAC Credit Facility Documents, the Xxxxx Fargo Warehouse Documents, the Fifth Third Warehouse Documents, the Flagstar Warehouse Documents, the BMO Warehouse Documents, the 2017-3 Securitization Documents, the 2017-2 Securitization Documents, the 2017-1 Securitization Documents, the 2016-3 Securitization Documents, the 2016-2 Securitization Documents, the 2016-1 Securitization Documents, the 2015-2 Securitization Documents and the 2015-1

  • Credit Documents Administrative Agent shall have received sufficient copies of each Credit Document originally executed and delivered by each applicable Credit Party for each Lender.

  • Required Loan Documents The Collateral Custodian will not dispose of any documents constituting the Required Loan Documents in any manner that is inconsistent with the performance of its obligations as the Collateral Custodian pursuant to this Agreement and will not dispose of any Collateral Portfolio except as contemplated by this Agreement.

  • Execution of Credit Agreement; Loan Documents The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrower, (iii) counterparts of the Security Agreement and each other Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable and (iv) counterparts of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto.

  • Credit Agreement and Loan Documents The Administrative Agent (or its counsel) shall have received (i) from each party hereto either (A) a counterpart of this Agreement signed on behalf of such party or (B) written evidence satisfactory to the Administrative Agent (which may include fax or other electronic transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement, (ii) duly executed copies of the Loan Documents and such other certificates, documents, instruments and agreements as the Administrative Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including any promissory notes requested by a Lender pursuant to Section 2.10 payable to the order of each such requesting Lender, and (iii) written opinions of the counsel to the Loan Parties, addressed to the Administrative Agent, the Issuing Bank and the Lenders and including the opinions set forth in Exhibit C.

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