Examples of First Loan Documents in a sentence
Accept as so amended, the First Loan Documents and the Second Loan Documents shall remain in full force and effect in accordance with their terms.
Should the Transaction not close, the agreements set forth in this Amendment shall be null, void and of no effect on either party or any of the First Loan Documents or the Second Loan Documents.
This Amendment shall be deemed to amend each provision of the First Loan Documents and the Second Loan Documents necessary in order to reflect the agreements of the parties set forth herein.
To the extent of remaining funds available, interest accruing on the First Loan Documents from and after the date hereof, at the applicable rate(s) (including any default rate(s)) provided for in the First Loan Documents, including Section 8 of the First Note.
All of the First Loan Documents are identified on Exhibit C attached hereto and made a part hereof.
Borrower shall, or shall cause Property Owner to, take all such actions as are necessary to cure such default under the First Loan Documents by the date approved by Lender, and shall deliver to Lender not less frequently than weekly thereafter written updates concerning the status of the Property and Property Owner’s and/or Borrower’s efforts to cure such default.
The parties acknowledge and agree that the Master Lease is and shall remain subject and subordinate to the First Loan, the Amended First Loan Documents and the liens created thereby and that, without limitation on any other rights of First Lender, under any of the other Amended First Loan Documents (including, without limitation, the New Collateral Security Documents), upon any foreclosure of the lien of the Amended First Mortgage, First Lender shall have the right to terminate the Master Lease.
Junior Creditors hereby agree that they will not, without Lender’s express prior written consent, which consent shall be granted or withheld at the sole discretion of Lender, except as otherwise permitted pursuant to this Agreement, accept any payments on account of the Subordinate Notes, until such time as the First Loan and the First Loan Documents have been satisfied in full, as reasonably determined by Lender.
First Lender covenants and agrees with PTLP that in the event such Tower Bankruptcy Proceeding is subsequently dismissed, and provided a Transfer Event has not occurred and PTLP's interests in the Tower Property have not otherwise been eliminated, First Lender will transfer, without recourse, the Sears/ST Ownership Interests (subject to the Amended First Loan Documents) to PTLP without further consideration promptly after the dismissal of the Tower Bankruptcy Proceeding.
The consent or waiver by First Lender of any default or event of default under the First Loan Documents shall not annul the occurrence of an Event of Default hereunder unless otherwise approved by Lender.