Examples of Bond Mortgage Loan Documents in a sentence
The replacement reserve requirements with respect to each Mortgaged Property as set forth in the related Bond Documents and Bond Mortgage Loan Documents, are fully funded.
Any such prepayment of a Bond Loan and redemption or defeasance of Bonds or termination of any Credit Enhancement Instrument must be made in accordance with, and shall be subject to the terms and conditions of, the related Bond Documents and Bond Mortgage Loan Documents, including the payment of all amounts owing under the terms thereof in connection with such prepayment.
In addition, Borrower shall pay to Lender all other amounts, including any Credit Enhancement Termination Fees, if applicable, and prepayment premiums, due under the Bond Documents and Bond Mortgage Loan Documents relating to the Bond Property being released and any Facility Termination Fee payable in connection with the repayment of Advances.
Borrower shall pay the Indebtedness when due in accordance with the terms of the Bond Mortgage Note and the other Bond Mortgage Loan Documents and shall perform, observe and comply with all other provisions of the Bond Mortgage Note and the other Bond Mortgage Loan Documents.
Nothing contained in the Regulatory Agreement shall affect any provision of the Bond Mortgage or any of the other Bond Mortgage Loan Documents that requires the Owner to obtain the consent of Freddie Mac as a precondition to sale, transfer or other disposition of, or any direct or indirect interest in, the Project or of any direct or indirect interest in the Owner, excluding transfers permitted by the Bond Mortgage.
In any action or proceeding brought with respect to the Bond Mortgage Loan or the Bonds, no deficiency or other money judgment shall be enforced against the Borrower or any partner of the Borrower or any successor or assign of the Borrower, and any judgment obtained shall be enforced only against the Project and other property of the Borrower encumbered by the Bond Mortgage Loan Documents and not against the Borrower or any partner of the Borrower or any successor or assign of the Borrower.
Subject to the provisions of the Intercreditor Agreement and the Construction Phase Financing Agreement, Net Proceeds resulting from casualty to or condemnation of the Project shall be applied as provided in the Bond Mortgage Loan Documents and the Construction Phase Financing Agreement and, to the extent consistent therewith, Section 3.01(b)(i) hereof.
All obligations of the Issuer under any of the Bond Documents or the Bond Mortgage Loan Documents shall be limited obligations of the Issuer, payable solely and only from the Trust Estate.
Freddie Mac shall have no indemnification obligations with respect to the Bonds or the Bond Mortgage Loan Documents.
Subject to the Intercreditor Agreement, the Borrower may convey and transfer the Project only upon strict compliance with the provisions of the Bond Mortgage Loan Documents, including Section 12 of the Regulatory Agreement, and upon receipt of the prior written consent of the Issuer and the Credit Facility Provider.