Examples of Existing New York Note in a sentence
The Borrower hereby acknowledges that upon the consummation of such purchase, the related Existing New York Note and Existing New York Mortgage shall be amended and restated as a New York Term Note and a New York Mortgage, substantially in the forms attached hereto as Exhibits H and I.
The provisions regarding costs and expenses and indemnification Obligations contained in Sections 11.04 and 11.07 of this Agreement shall apply in all respects to any transactions involving any Existing New York Note, any Existing New York Mortgage, any New York Term Note or any New York Mortgage and all actions taken or omitted to be taken by the Administrative Agent and the Banks in connection therewith.
In such notice the Borrower shall request a Borrowing (a “New York Advance”) in an amount not more than the outstanding principal amount of the related Existing New York Note and shall cause the related Existing New York Note and the related Existing New York Mortgage to be assigned to the Administrative Agent for the ratable benefit of the Banks.
The provisions regarding costs and expenses and indemnification Obligations contained in Section 10.04 of this Agreement shall apply in all respects to any transactions involving any Existing New York Note, any Existing New York Mortgage, any New York Term Note or any New York Mortgage and all actions taken by the Administrative Agent and the Lender Parties in connection therewith.
In the event the Borrower elects to acquire (whether through any of its Subsidiaries or otherwise) any Hotel Property located in the State of New York (any such Hotel Property, a “New York Property”), subject to the obligations of the relevant borrower under the related Existing New York Note, the Borrower shall provide to the Administrative Agent not less than 30 days’ prior written notice of such intent.
If the Borrower elects to acquire or refinance any Hotel Asset located in the State of New York (any such Hotel Asset, a “New York Property”), the Borrower may request a Borrowing under the Revolving Credit Facility (a “New York Advance”) in an amount not less than the outstanding principal amount of the related Existing New York Note and shall cause the related Existing New York Note and the related Existing New York Mortgage to be assigned to the Administrative Agent.
The provisions regarding costs and expenses and indemnification Obligations contained in Section 10.04 of this Agreement shall apply in all respects to any transactions involving any Existing New York Note, any Existing New York Mortgage, any New York Term Note or any New York Mortgage and all actions taken or omitted to be taken by the Administrative Agent and the Lender Parties in connection therewith.
The Borrower hereby acknowledges that upon the consummation of such purchase or refinance, the related Existing New York Note and Existing New York Mortgage shall be consolidated, amended and restated as a New York Term Note and a New York Mortgage, substantially in the forms attached hereto as Exhibits G and H.
The Borrower hereby acknowledges that simultaneously with such purchase or refinance, the related Existing New York Note and Existing New York Mortgage shall be consolidated, amended and restated as a New York Term Note and a New York Mortgage, substantially in the forms attached hereto as Exhibits G and H.
The provisions regarding costs and expenses and indemnification Obligations contained in Section 11.04 of this Agreement shall apply in all respects to any transactions involving any Existing New York Note, any Existing New York Mortgage, any New York Term Note or any New York Mortgage and all actions taken by the Administrative Agent and the Banks in connection therewith.