Amenities Owner definition
Examples of Amenities Owner in a sentence
As a condition to use of the Amenities, Owner hereby agrees to comply with the Association rules and regulations governing the Amenities (the “Rules and Regulations”).
To the best of Borrower’s knowledge, (a) Borrower has delivered true and complete copies of all documents, certifications, agreements and instruments to which Amenities Owner is a party or is bound including, without limitation its organizational documents, (b) each of the such documents, certifications, agreements and instruments is in full force and effect and (c) there are no monetary or other material defaults by Amenities Owner or any other Person thereunder that have not been cured or waived.
Borrower shall not impede, interfere with, hinder or delay, and shall not permit Amenities Owner to impede, interfere with, hinder or delay, any effort or action on the part of Lender to cure any default (after notice and the expiration of all cure periods set forth in the Amenities Loan Documents) under the loans secured by the Amenities Mortgages.
Borrower shall cause Amenities Owner to provide Lender with a copy of any amendment or modification to the Amenities Loan Documents within five days after the execution thereof.
None of Amenities Owner, Loan Pledgor, Manager or any other Person has given or received any notice of default under any of the Amenities Loan Documents that remains uncured or in dispute, or has not been waived.
Neither Borrower nor Amenities Owner or any Affiliate of any of them shall acquire or agree to acquire the loans secured by the Charity Mortgages (the “Non-Pledged Loans”), or any portion thereof or any interest therein, or any direct or indirect ownership interest in the holder of the Non-Pledged Loans, via purchase, transfer, exchange or otherwise, and any breach of this provision shall constitute an Event of Default hereunder.
Neither Office Owner nor Amenities Owner has assigned its interest under the Leases to any third party (other than its interest in the Office Leases to the current mortgagee of the Office Property).
Borrower shall not cause or permit Amenities Owner to make any partial or full prepayments of amounts owing under the loans secured by the Amenities Mortgages, except as required pursuant to the terms of the Amenities Loan Documents, or refinance the loans secured by the Amenities Mortgages without the prior written consent of Lender, unless such prepayment or refinancing results in the concurrent payment in full of the Debt.
Without obtaining the prior written consent of Lender, Borrower shall not cause or permit Amenities Owner to (i) enter into any amendment or modification of any of the Amenities Loan Documents, (ii) grant to the lenders under the Amenities Loan Documents any consent or waiver or (iii) exercise any remedy available to Amenities Owner under the Amenities Loan Documents or any right or election under the Amenities Loan Documents.
Lender shall have no obligation to Borrower or Amenities Owner or any other party to make any such payment or performance.