Common use of Representations; Covenants Clause in Contracts

Representations; Covenants. 1Operator operates the Facility. Operator has granted or will grant a security interest in its Accounts and certain other assets to FHA Lender and HUD (collectively, the “Senior Secured Parties”) pursuant to the Operator Security Agreement in connection with one or more FHA-Insured Loans provided to Owner.

Appears in 3 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement, Intercreditor Agreement

AutoNDA by SimpleDocs

Representations; Covenants. 1Operator operates the Facility. Operator has granted or will grant a security interest in its Accounts and certain other assets to FHA Lender and HUD (collectively, the “Senior Secured Parties”) pursuant to the Operator Security Agreement in connection with one or more loans provided to Owner by FHA Lender and insured by HUD (the “FHA-Insured Loans provided to OwnerLoan”).

Appears in 1 contract

Samples: Intercreditor Agreement

Representations; Covenants. 1Operator operates the Facility. Operator has granted or will grant a security interest in its Accounts and certain other assets to FHA Lender and HUD (collectively, the “Senior Secured Parties”) pursuant to the athe Operator Security Agreement executed by Operator in favor of one or more Senior Secured Parties (the "Operator Security Agreement") in connection with one or more FHAloans provided to Owner by FHA Lender and insured by HUD (the “HUDFHA-Insured Loans provided to OwnerLoan”).

Appears in 1 contract

Samples: Intercreditor Agreement

AutoNDA by SimpleDocs

Representations; Covenants. 1Operator operates the Facility. Operator has granted or will grant a security interest in its Accounts and certain other assets to FHA Lender and HUD (collectively, the “Senior Secured Parties”) pursuant to a Security Agreement executed by Operator in favor of one or more Senior Secured Parties (the Operator Security Agreement Agreement”) in connection with one or more loans provided to Owner by FHA Lender and insured by HUD (the “FHA-Insured Loans provided to OwnerLoan”).

Appears in 1 contract

Samples: Intercreditor Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!