Examples of Interim Mall Lender in a sentence
It is a condition precedent to the extensions or purchase of the Mortgage Notes by the Mortgage Note Holders, the funding of the Bank Loans by the Bank Lenders and the funding of the Interim Mall Construction Loan by the Interim Mall Lender that Pledgor shall have established the Collateral Accounts, grant control to the Disbursement Agent (as Secured Party) of such accounts, and undertaken the obligations contemplated by this Agreement.
Each of the Bank Lenders, the Interim Mall Lender, the Mortgage Notes Indenture Trustee and the HVAC Provider shall make or cause to be made Advances under its Facility to the Company in accordance with and pursuant to the terms of this Agreement and the respective Facility Agreement.
On the Mall Release Date in accordance with Section 5.16(c) of the Disbursement Agreement, the Bank Agent and the Mortgage Notes Indenture Trustee shall release their respective liens on and security interests in the Mall Collateral and the Interim Mall Lender shall release LVSI, Venetian, the Mall Construction Subsidiary and all other members of the Company Group other than Mall I LLC from all Obligations and liabilities under the Interim Mall Facility.
However, this consideration holds equally good for information which are neither false nor erroneous but correct.
The Bank Agent and the Interim Mall Lender agree to cooperate with the Company and the Title Insurer in order to finalize and approve the Title Insurer Escrow Agreement and to cause the Disbursement Agent to execute the same.
In order to induce the Interim Mall Lender to enter into the Interim Mall Credit Agreement, Xxxxxxx has executed and delivered a Guaranty (the "Substitute Tranche B Guaranty") of even date herewith, whereby Xxxxxxx guaranties all obligations and liabilities of the Company under the Interim Mall Credit Agreement together with certain costs and expenses incurred in connection therewith (subject to the limitations contained therein).
Delivery to each of the Bank Agent, the Interim Mall Lender, the Initial Purchasers, the HVAC Provider and the Disbursement Agent of the Company's Closing Certificate signed by an Authorized Representative of the Company.
Further, all funds advanced by the Bank Lenders and the Interim Mall Lender hereunder to complete the Project or to protect the rights and interests of the Secured Parties under the Financing Agreements are deemed to be obligatory advances and are to be added to the total indebtedness secured by each of the respective Facilities' Deeds of Trust.
Upon the occurrence of the Mall Release Date this Agreement will no longer apply to the Interim Mall Lender, provided, however, this Agreement will remain in full force and effect among Bank Agent, Mortgage Notes Indenture Trustee, Subordinated Notes Indenture Trustee, Xxxxxxx, LVSI and Venetian.
The Disbursement Agent and each of the Bank Agent, the Interim Mall Lender, the Initial Purchasers and the HVAC Provider shall have received such other documents and evidence as each such Person may reasonably request in connection with the transactions contemplated hereby.