Assigned Loan Documents definition
Examples of Assigned Loan Documents in a sentence
The Seller hereby sells, assigns, transfers, grants and conveys to CI II, and CI II hereby purchases and acquires from the Seller, fifty percent (50%) of Seller's right, title and interest in the Assigned Loan Documents (including, without limitation, the right to receive the accrued interest under the Note) and fifty percent (50%) of the Transferred Warrants for a purchase price of $500,000.
As of the Effective Date, there have been no amendments, supplements or consents to the Assigned Loan Documents to which the Resigning Agent has knowledge or is a party, except as otherwise provided to the Successor Agent or set forth on such Schedule II.
The Seller hereby sells, assigns, transfers grants and conveys to ▇▇▇▇▇▇▇▇▇▇, and ▇▇▇▇▇▇▇▇▇▇ hereby purchases and acquires from the Seller, fifty percent (50%) of Seller's right, title and interest in the Assigned Loan Documents (including, without limitation, the right to receive the accrued interest under the Note) and fifty percent (50%) of the Transferred Warrants for a purchase price of $500,000.
Borrower shall cause the Collaterally Assigned Loan to be serviced in accordance with Accepted Servicing Practices and shall perform its obligations as “lender” and “agent” under the Collaterally Assigned Loan Documents.
Notwithstanding anything to the contrary in the Collaterally Assigned Loan Documents, Borrower shall not sell, assign or pledge any interest whatsoever (including any participation or similar interest) in or to any of the Collaterally Assigned Loan Documents.
Further, Borrower shall not waive or release Fee Owner or any Underlying Guarantor from the performance or observance of any obligation, covenant or condition under the Collaterally Assigned Loan Documents.
Each party shall be responsible for the payment of all taxes and charges, including sales and transfer taxes and recording taxes, resulting from or payable in connection with Cedar’s assignment of the Assigned Loan and the Assigned Loan Documents for which each party is liable as a matter of law..
To Borrower’s knowledge, there is no valid offset, defense, counterclaim or right of rescission available to Fee Owner or Underlying Guarantor with respect to the Collaterally Assigned Loan Documents that would deny Borrower the principal benefits intended to be provided by the Collaterally Assigned Loan Documents.
Secured Party hereby acknowledges that the maker of the Assigned Note has defaulted on the payment of such Assigned Note and has previously defaulted under the Assigned Deed of Trust and other Assigned Loan Documents.
Borrower shall use commercially reasonable efforts to cause Fee Owner to permit agents, representatives and employees of Agent and the Lenders to inspect the Mortgaged Property or any part thereof at reasonable hours upon reasonable advance notice, subject to the terms of the Collaterally Assigned Loan Documents and the rights of tenants and without interfering with the operations as the Mortgaged Property.