Examples of Effective Date Lender in a sentence
If, in connection with any inspection of the Mortgaged Property, Lender determines that the condition of the Mortgaged Property has deteriorated (ordinary wear and tear excepted) since the Effective Date, Lender may obtain, at Borrower’s expense, a property condition assessment of the Mortgaged Property.
Subject to the satisfaction of the conditions set forth in Section 4 below, and in reliance on the representations and warranties contained in Section 3 below, as of the Amendment No. 1 Effective Date, Lender hereby consents to the CoC Transaction and waives the CoC Default solely to the extent the CoC Transaction is consummated on or prior to February 27, 2019.
On the Effective Date, Lender shall place in the Bank Payment Reserve account all funds necessary to satisfy the interest payments to be made to Bank under the Loan Modification Agreement for one year after the Effective Date.
As of the Effective Date, Lender is the sole and exclusive holder of the Mortgage and the promissory note secured thereunder.
He immediately used his phone to call for emergency assistance.Ortega managed to extricate himself from the material but suffered broken ribs and cracked vertebrae.
Subject to the terms of this Agreement, on the Effective Date Lender agrees to lend to Borrower and Borrower agrees to borrow from Lender the principal sum of Thirty-Four Million Three Hundred Thousand and No/100 Dollars ($34,300,000.00); said sum to be evidenced by the Note.
No later than the date that is six (6) months after the Effective Date, Lender shall have received (a) evidence of the completion of the Going Dark Transaction and steps taken to accomplish the same, including but not limited to the Form 25, press release, Form 8-K, website announcement, Form 15 and updated shareholder list; (b) evidence satisfactory to it that all approvals from the board of directors and shareholders of Reliv’ International Inc.
Promptly after the Effective Date, Lender will return to Borrower all funds in all reserve accounts held by Lender pursuant to the Original Loan Documents.
Upon the Amendment Effective Date, Lender hereby waives the Existing Defaults and agrees that the Loan shall no longer bear interest at the Default Rate (collectively, the “Waiver”).
Effective as of the Fourth Amendment Effective Date, Lender hereby consents to the consummation of the L.A.R.K. Disposition Transactions and waives any Event of Default that would otherwise occur under the Loan Agreement solely as a result of the L.A.R.K. Disposition Transactions.