BCC Obligations definition

BCC Obligations means all payment and performance obligations of Tenant, Manager and Company to Landlord or any Landlord Affiliate, including, but not limited to, all obligations under this Lease, any loans extended to Tenant, Manager or Company by Landlord or any Landlord Affiliate and all documents executed by Tenant, Manager or Company in connection with this Lease, or any loan or any other obligation in favor of Landlord or any Landlord Affiliate. BCC Obligations do not include the loans assigned by HCRI and Landlord to IPC.
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Examples of BCC Obligations in a sentence

  • Tenant's and Manager's representations and warranties shall survive the Closing and, except to the extent made as of a specific date, shall continue in full force and effect until the BCC Obligations have been performed in full.

  • As security for the performance of the BCC Obligations, Tenant hereby assigns to Landlord all its right, title, and interest in and to all monies escrowed with Landlord under this Lease and all deposits with utility companies, taxing authorities and insurance companies; provided, however, that Landlord shall not exercise its rights hereunder until an Event of Default has occurred.

  • Upon the payment in full of the Term Note, the BCC Note, the Deferred Purchase Price Note, the Obligations under this Guaranty, and the BCC Obligations, Guarantor shall be permitted to seek and collect reimbursement from Borrower and/or Balanced Care.

  • However, if despite the parties' intent, it is determined or adjudged by a court for any reason that this Lease is not a true lease or if this Lease is recharacterized as a financing arrangement, then this Lease shall be considered a secured financing agreement and Landlord's title to the Leased Property shall constitute a perfected first priority lien in Landlord's favor on the Leased Property to secure the payment and performance of all the BCC Obligations.

  • At Secured Parties' option, Tenant and Manager shall [i] provide Secured Parties a full accounting of all amounts received on account of Receivables with such frequency and in such form as Secured Parties may require, either with or without applying all collections on Receivables in payment of the BCC Obligations or [ii] deliver to Secured Parties on the day of receipt all such collections in the form received and duly endorsed by Tenant or Manager, as applicable.

  • If the Guarantor receives any payment on account of any claim of the Guarantor against the Borrower or Balanced Care, the Guarantor shall immediately pay the same over to Ocwen to be applied to the payment or satisfaction of the Obligations, the Term Note, the BCC Note, the Deferred Purchase Price Note, and/or the BCC Obligations.

  • Any payments received by Landlord under any provisions of this Lease during the existence or continuance of an Event of Default shall be applied to the BCC Obligations in the order which Landlord may determine.

  • The Guarantor hereby subordinates any and all claims which it now has, or in the future may acquire, as a creditor of the Borrower, or for contribution or otherwise from Balanced Care or Borrower, to the prior payment and satisfaction in full of this Guaranty, the Term Note, the BCC Note, the Deferred Purchase Price Note, and the Obligations set forth in the Guaranty given by Balanced Care to Ocwen, of even date herewith ("BCC Obligations").