Replacement Key Principal Sample Clauses

Replacement Key Principal. ‌ Upon the expiration of the Operating Deficit Guaranty Period (as defined in the Operating Agreement), DMA RBJ II, LLC, a Texas limited liability company (Special Member of the Borrower) (or an affiliate thereof acceptable to Permanent Lender in its sole discretion) hereby agrees to be bound as Key Principal under this Agreement and the other Permanent Loan Documents, and DMA Development Company, LLC, in its role as Key Principal hereunder and thereunder, shall be released from this Agreement and the other Permanent Loan Documents, and its obligations hereunder and thereunder shall terminate; provided, however, the foregoing shall not release DMA Development Company, LLC from any of its obligations as Key Principal that accrued under this Agreement and/or the other Permanent Loan Documents prior to the expiration of the Operating Deficit Guaranty Period, nor from any obligations arising from its fraud or intentional misconduct.
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Related to Replacement Key Principal

  • Vendor's Principal Place of Business (City) In what city is Vendor's principal place of business located?

  • The Principal Paying Agent shall obtain verification, in the case of an allegedly lost, stolen or destroyed Security, Coupon or Talon in respect of which the serial number is known, that the Security, Coupon or Talon has not previously been redeemed, paid or exchanged, as the case may be. The Principal Paying Agent shall not issue a replacement Security, Coupon or Talon unless and until the applicant has:

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  • Loan Amount 5. ACCOUNT NAME(S) .............................................................................................................................................................................. BANK NAME / BRANCH ...................................................................................................................................................................

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  • Agreement Amount The Grantee acknowledges and agrees that, notwithstanding any other provision of this Agreement, the maximum amount payable by the City under this Agreement for the initial ## month term shall not exceed the amount approved by City Council, which is $ (dollar amount), and $ (dollar amount) per ## month extension option, for a total Agreement amount of $ . Continuation of the Agreement beyond the initial ## months is specifically contingent upon the availability and allocation of funding, and authorization by City Council.

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