Assumed Loan Documents definition

Assumed Loan Documents shall have the meaning set forth in Section 5.1.

Assumed Loan Documents means all documents evidencing, securing or otherwise relating to the Assumed Loans.

Assumed Loan Documents means all of the loan documents evidencing or securing the Assumed Loans and listed on Exhibit B.

Examples of Assumed Loan Documents in a sentence

• Purchaser shall be responsible for all fees and expenses charged by Lender in connection with the AIMCO Loans (including, without limitation, all fees charged by the Lender pursuant to the Assumed Loan Documents).

• Purchaser acknowledges and agrees that (x) certain of the provisions of the Assumed Loan Documents may have been negotiated for the exclusive benefit of the applicable Seller, AIMCO or their respective affiliates (the “Specific AIMCO Provision”), and (y) unless the Lender otherwise agrees in such Lender’s sole and arbitrary discretion, Purchaser will not be permitted to assume the benefit of the Specific AIMCO Provisions and the same shall be of no further force or effect from and after the Closing Date.

• Prior to the Effective Date and subject to the provisions of Section 3.5.2, each Seller of an Assumption Property has made available to Purchaser copies of the Assumed Loan Documents which are in such Seller’s possession or reasonable control.

• Each Assumption Seller shall, in addition to the other Materials provided to Purchaser hereunder, make available to Purchaser true and complete copies of all Assumed Loan Documents which are in such Seller’s possession.

• New Borrower will pay all sums to be paid and perform each and every obligation to be performed by Original Borrower under and in accordance with the terms and conditions of the Assumed Loan Documents.

More Definitions of Assumed Loan Documents

Assumed Loan Documents means the documents evidencing or securing the Assumed Indebtedness, as described on Exhibit "Assumed Loan Documents".

Assumed Loan Documents means the Existing Loan Documents as modified by all agreements entered into in accordance with this Agreement to amend, modify, supplement or restate the Existing Loan Documents and effectuate the terms of the Assumed Real Property Loans and Assumed Personal Property Debt, including, any assumption agreement with respect to the Assumed Personal Property Debt.

Assumed Loan Documents means those certain loan documents identified on Exhibit 3.1(c).

Assumed Loan Documents shall have the meaning set forth in Section 5.1(m).

Assumed Loan Documents shall have the meaning set forth in Section 12.1(u) hereof.

Assumed Loan Documents and "Satisfied Loan Documents" set forth true, correct and complete schedules of all of the notes, deeds of trust, and other loan documents evidencing or securing the Assumed Indebtedness and Satisfied Indebtedness, respectively. Sellers have delivered true, correct and complete copies of the Existing Loan Documents to Buyer prior to the date hereof as part of the Seller's Deliveries. Each Entity and Seller has complied with (and, prior to the Closing, shall continue to comply with) the terms of, and all notices or correspondence received from the holders of, the Existing Loan Documents Each Entity and/or Seller has paid (and, at all times prior to the Closing, shall pay) all sums due under the Existing Loan Documents. No Entity or Seller shall make any prepayment of any amount due under the Loan Documents. The Existing Loan Documents are in full force and effect, and, to the best knowledge of each Seller and each Entity, no Entity nor any Seller is in default thereunder, and there has not occurred any event which, with the giving of notice and/or the passage of time, or both, would constitute a default by any Entity or Seller thereunder or under any of the Existing Loan Documents. The outstanding principal balance under the Assumed Indebtedness as of the Contract Date is $13,062,178 ($9,625,148.00 as to the Project known as Cranberry Square and $3,457,030.00 secured by a security interest in the deed of trust encumbering the Project known as Tred Avon.)

Assumed Loan Documents means those certain promissory notes, loan agreements, mortgages and other documents, instruments and agreements evidencing or securing the Assumed Loans as set forth on Schedule 6.4(a).