Initial Loan Documents definition
Examples of Initial Loan Documents in a sentence
Upon the execution of this Lease, Lessor shall have funded a $0 reserve (“PIP Reserve”) as required under the Initial Loan Documents to meet the requirements for periodic repair, replacement or refurbishing of furniture, fixtures and equipment that constitute Leased Property.
The Loan Agreement and all of the Other Agreements are referred to herein collectively as the "Initial Loan Documents".
The Partners hereby authorize: (a) the Partnership to obtain the Initial Loan pursuant to the Initial Loan Documents, and (b) the General Partner to execute and deliver, on behalf of the Partnership, the Initial Loan Documents.
Except for execution and delivery of the Initial Loan Documents, borrowing or lending money on behalf of the Company, except borrowing up to Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) from the Manager, the Vice Manager, or their Affiliates to fulfill working capital and debt service reserve requirements contained in any loan agreement between the Company and the financial institution which lends to the Company.
Borrower has requested Bank, and Bank has agreed, to place in abeyance its rights under the Initial Loan Documents in regard to any defaults existing thereunder as of December 31, 1999, such abeyance to be effective so long as Borrower fullfills all obligations under this Agreement.