UCC Financing Statements; Termination Statements; UCC Searches. UCC Financing Statements, as requested by the Agent, naming each Credit Party as debtor and the Agent as secured party with respect to the Collateral, together with such UCC termination statements necessary to release all Liens (other than Permitted Liens) and other rights in favor of any Person in any of the Collateral except the Agent (for the ratable benefit of the Lenders), and other documents as the Agent deems necessary or appropriate, shall have been filed in all jurisdictions that the Agent deems necessary or advisable. UCC tax, lien, pending suit and judgment searches for the Borrowers, the Closing Date Sellers (and, if and to the extent applicable, under any of its trade or assumed names, if any), each dated a date reasonably near to the Closing Date in all jurisdictions reasonably deemed necessary by the Agent, the results of which shall be satisfactory to the Agent in its sole and absolute determination.
Appears in 2 contracts
Samples: Term Loan and Security Agreement (Summit Healthcare REIT, Inc), Subordinated Term Loan and Security Agreement (Summit Healthcare REIT, Inc)
UCC Financing Statements; Termination Statements; UCC Searches. UCC Financing Statements, as requested by the Agent, naming each Credit Party as debtor and the Agent as secured party with respect to the Collateral, together with such UCC termination statements necessary to release all Liens (other than Permitted Liens) and other rights in favor of any Person in any of the Collateral except the Agent (for the ratable benefit of the Lenders), and other documents as the Agent deems necessary or appropriate, shall have been filed in all jurisdictions that the Agent deems necessary or advisable. UCC tax, lien, pending suit and judgment searches for the BorrowersBorrower, the Closing Date Sellers (and, if and to the extent applicable, under any of its trade or assumed names, if any), each dated a date reasonably near to the Closing Date in all jurisdictions reasonably deemed necessary by the Agent, the results of which shall be satisfactory to the Agent in its sole and absolute determination.
Appears in 1 contract
Samples: Mezzanine Term Loan and Security Agreement (Summit Healthcare REIT, Inc)
UCC Financing Statements; Termination Statements; UCC Searches. UCC Financing Statements, as requested by the AgentLender, naming each Credit Party the Borrower as debtor and the Agent Lender as secured party with respect to the Collateral, together with such UCC termination statements necessary to release all Liens (other than Permitted Liens) and other rights in favor of any Person (including Standard Federal) in any of the Collateral except the Agent (for the ratable benefit of the Lenders)Lender, and other documents as the Agent Lender deems necessary or appropriate, shall have been filed in all jurisdictions that the Agent Lender deems necessary or advisable. UCC tax, lien, pending suit and judgment searches for (i) the BorrowersBorrower, the Closing Date Sellers (ii) Mobile Medical, and (iii) Lighthouse (and, if and to the extent applicable, under any of its their respective trade or assumed names, if any), each dated a date reasonably near to the Closing Date in all jurisdictions reasonably deemed necessary by the AgentLender, the results of which shall be satisfactory to the Agent Lender in its sole and absolute determination.
Appears in 1 contract
Samples: Loan and Security Agreement (Tandem Health Care, Inc.)
UCC Financing Statements; Termination Statements; UCC Searches. UCC Financing Statements, as requested by the AgentLender, naming each Credit Party Front Royal as debtor and the Agent Lender as secured party with respect to the CollateralCollateral pledged by Front Royal, together with such UCC termination statements necessary to release all Liens (other than Permitted Liens) and other rights in favor of any Person in any of the Collateral except the Agent (for the ratable benefit of the Lenders)Lender, and other documents as the Agent Lender deems necessary or appropriate, shall have been filed in all jurisdictions that the Agent Lender deems necessary or advisable. UCC tax, lien, pending suit and judgment searches for the Borrowers, the Closing Date Sellers Front Royal (and, if and to the extent applicable, under any of its trade or assumed names, if any), each dated a date reasonably near to the Closing Date date hereof in all jurisdictions reasonably deemed necessary by the AgentLender, the results of which shall be satisfactory to the Agent Lender in its sole and absolute determination.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Summit Healthcare REIT, Inc)
UCC Financing Statements; Termination Statements; UCC Searches. UCC Financing Statements, as requested by the AgentLender, naming each Credit Party Myrtle as debtor and the Agent Lender as secured party with respect to the CollateralCollateral pledged by Myrtle, together with such UCC termination statements necessary to release all Liens (other than Permitted Liens) and other rights in favor of any Person in any of the Collateral except the Agent (for the ratable benefit of the Lenders)Lender, and other documents as the Agent Lender deems necessary or appropriate, shall have been filed in all jurisdictions that the Agent Lender deems necessary or advisable. UCC tax, lien, pending suit and judgment searches for the Borrowers, the Closing Date Sellers Myrtle (and, if and to the extent applicable, under any of its trade or assumed names, if any), each dated a date reasonably near to the Closing Date date hereof in all jurisdictions reasonably deemed necessary by the AgentLender, the results of which shall be satisfactory to the Agent Lender in its sole and absolute determination.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Summit Healthcare REIT, Inc)
UCC Financing Statements; Termination Statements; UCC Searches. UCC Financing Statements, as requested by the AgentLender, naming each Credit Party as debtor and the Agent Lender as secured party with respect to the Collateral, together with such UCC termination statements necessary to release all Liens (other than Permitted Liens) and other rights in favor of any Person in any of the Collateral except the Agent (for the ratable benefit of the Lenders)Lender, and other documents as the Agent Lender deems necessary or appropriate, shall have been filed in all jurisdictions that the Agent Lender deems necessary or advisable. UCC tax, lien, pending suit and judgment searches for the Borrowers, the Closing Date Sellers (and, if and to the extent applicable, under any of its trade or assumed names, if any), each dated a date reasonably near to the Closing Date in all jurisdictions reasonably deemed necessary by the AgentLender, the results of which shall be satisfactory to the Agent Lender in its sole and absolute determination.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Summit Healthcare REIT, Inc)