Closing Date OSN Certificate definition
Closing Date OSN Certificate means a certificate from OS National, LLC, in substantially the form of Exhibit H without any material exceptions.
Closing Date OSN Certificate means a certificate from OS National, LLC in substantially the form of Exhibit H without any material exceptions. “Code” means the Internal Revenue Code of 1986, as amended, and as it may be further amended from time to time, any successor statutes thereto, and applicable U.S. Department of Treasury regulations issued pursuant thereto in temporary or final form. “Collateral” means, collectively, all of the real, personal and mixed property in which Liens are purported to be granted pursuant to the Collateral Documents as security for the Obligations. “Collateral Documents” means the Borrower Security Agreement, the Equity Owner Security Agreement, the Borrower TRS Security Agreement, the Blocked Account Control Agreement, each Property Account Control Agreement, the Assignment of Management Agreement, each Mortgage Document and all other instruments, documents and agreements delivered by any Loan Party pursuant to this Agreement or any of the other Loan Documents in order to grant to Lender a Lien on any real, personal or mixed property of that Loan Party as security for the Obligations, as the same may be (and each of the foregoing defined terms shall refer to such documents as they may be) amended, restated, replaced, supplemented or otherwise modified from time to time. “Collections” means, without duplication, with respect to any Property, all Rents, Other Receipts, Insurance Proceeds (whether or not Lender elects to treat any such Insurance Proceeds as business or rental interruption Insurance Proceeds pursuant to Section 5.4(d)), Condemnation Proceeds, Net Transfer Proceeds, interest on amounts on deposit in the Cash Management Account and the Reserve Funds, amounts paid to Borrower (or Borrower TRS) pursuant to the terms of the applicable Purchase Agreement, amounts drawn on security deposits that become Collections pursuant to Section 4.1.15, amounts paid by Borrower (or Borrower TRS) to the Cash Management Account pursuant to this Agreement, and all other payments received with respect to such Property (except for security deposits) and all “proceeds” (as defined in Section 9-102 of the UCC) of such Property. “Collections” shall not include unearned amounts remitted by a prospective tenant to Borrower and held in escrow to reserve a Property; provided, that such amounts shall constitute Collections when they are earned, and may be retained, by Borrower and applied as rents or rent equivalents. “Compliance Certificate” means the certificate in the ...
Examples of Closing Date OSN Certificate in a sentence
In addition, Lender shall not waive the requirement that the Closing Date GRC Certificate and the Closing Date OSN Certificate be delivered on or prior to the making of the Loan.
In addition, Lender shall not waive the requirement that the Closing Date BPO Certificate and the Closing Date OSN Certificate be delivered on or prior to the making of the Loan.