Examples of Existing Mortgage Lenders in a sentence
Seller or Acquiror will promptly notify the other if it reasonably believes that, notwithstanding the parties' reasonable best efforts pursuant to Section 5.05(c), it will be unable to obtain one or more of the consents of the Existing Mortgage Lenders prior to the Extended Outside Date or that the ALSF Costs are reasonably likely to exceed the ALSF Cap.
Subject to Section 5.10, each of the written consents and approvals of the Existing Mortgage Lenders in Schedule 5.10 has been received or deemed received, is in full force and effect, and is in form and substance reasonably satisfactory to Acquiror.
Mortgage, pledge, grant or permit to exist a security interest in, or lien upon, all or any portion of Borrower’s assets now owned or hereafter acquired, except any of the foregoing in favor of Bank or which is existing as of, and disclosed to Bank in writing prior to, the date hereof, including without limitation the security interests granted by Borrower to the Existing Mortgage Lenders to secure the Mortgage Credit Lines.
Subject to Section 5.10, each of the written consents and approvals of the Existing Mortgage Lenders in Schedule 5.10 has been received or deemed received and is in full force and effect.
With respect to the Second Closing only, subject to Section 5.10, each of the written consents and approvals of the Existing Mortgage Lenders in Schedule 5.10(a) has been received or deemed received, is in full force and effect, and is in form and substance reasonably satisfactory to Acquiror.
Seller, on the one hand, and Acquiror, on the other hand, will promptly notify the other if it reasonably believes that, notwithstanding the parties' reasonable best efforts pursuant to Section 5.05(c), it will be unable to obtain one or more of the consents of the Existing Mortgage Lenders prior to the Extended Outside Date.
The Existing Mortgage Lenders hereby agree to promptly notify the Agent upon receipt of the applicable amounts set forth in Schedule 1 Part C.
Nothing herein is intended to obligate Bank to (i) subordinate any right of Bank to any rights of any of the Existing Mortgage Lenders with respect to any deposit account or other type of account maintained by Borrower with Bank, or (ii) enter into any control agreement with any of the Existing Mortgage Lenders with respect to any such account.
Nothing herein is intended to obligate Bank to (i) subordinate any rights of Bank to any rights of any of the Existing Mortgage Lenders with respect to any deposit account or other type of account maintained by Borrower with Bank, or (ii) enter into any control agreement with any of the Existing Mortgage Lenders with respect to any such account.