Borrower Parties definition
Examples of Borrower Parties in a sentence
Notwithstanding the terms and provisions of this Agreement, but subject to the Forbearance Covenant, Lender reserves and preserves all rights and remedies against Borrower Parties with respect to the HMA Amendment or New Operating Lease and nothing contained herein shall be deemed an approval or waiver of any of the HMA Amendment or New Operating Lease, to the extent Lender’s prior written consent is required under the Loan Documents in connection therewith.
The covenants and agreements of Borrower Parties contained in this Section 7.2 through Section 7.6 of this Agreement shall be referred to as “Cooperation Covenants”.
Borrower Parties acknowledge and agree that a Cash Sweep Period has commenced and is continuing as of the Effective Date.
Upon execution and delivery of a Stipulation by ▇▇▇▇▇▇▇▇, Lender may immediately proceed in accordance with the Stipulation to have the Receivership Order entered and/or the Foreclosure Judgment entered in the applicable Foreclosure Proceeding and/or Receivership Proceeding, and Borrower Parties shall fully cooperate with Lender to effect entry of the Receivership Order and the Foreclosure Judgment and shall not oppose entry of either.
Borrower and Guarantor, acknowledges and agrees that from and after the Effective Date, none of ▇▇▇▇▇▇▇▇, Guarantor or any party acting through or on behalf of them, including but not limited to the Borrower Parties, have any right or ability to cause the Loan or any part thereof to be assumed by or benefit any another person or entity.