Leverage Loan Documents definition
Examples of Leverage Loan Documents in a sentence
Notwithstanding any other terms or provisions of the Leverage Loan Documents to the contrary and except as specifically set forth in Section 2(d) of the Forbearance Agreement, Borrower, its members, officers, employees, shareholders, and its or their successors or assigns shall have no personal liability under the Note, but Lender shall instead look solely to the Collateral for satisfaction of its debt if Borrower fails to pay when due for whatever reason.
This Guaranty and payment and performance of the Obligations shall be secured by the City’s pledge of its interest in the Leverage Loan Documents pursuant to the Collateral Assignment of Leverage Loan.
Lender expressly acknowledges and agrees that it has not bargained for, and does not intend to have, the right to collect or receive any Indemnity Payments, and Lender hereby expressly waives and releases any and all rights to prohibit, set aside, revoke, or seek the return of any such Indemnity Payments, whether pursuant to the Leverage Loan Documents or any bankruptcy, fraudulent transfer, insolvency, or other federal or state laws providing any such rights.
All obligations, liabilities and indebtedness of Borrower under and in connection with the Loan and any or all of the documents executed in connection with the Loan (collectively, “Loan Obligations”) are secured by a collateral assignment of Leverage Loan Documents, pursuant to that certain Collateral Assignment of Leverage Loan Documents, dated as of the date hereof, from Borrower to Lender (as amended, restated, supplemented or otherwise modified at any time and from time to time, the “Assignment”).
On or about the date hereof, the City will make a loan in the original principal amount of [$15,976,360] (together the “Leverage Loan”), to Desert Hot Springs Investment Fund, LLC, a Missouri limited liability company (the “Investment Fund”), pursuant to the Leverage Loan Documents (as defined below).
Borrower will execute, in favor of Lender, a Collateral Assignment of Leverage Loan Documents whereby Lender shall have all of Borrower’s rights under Borrower’s subordinated leverage loan to ▇▇▇▇▇▇▇ Enhanced Investment Fund, L.L.C., which is Borrower’s only asset.
After the Forbearance Termination Date, Lender shall be free, in its sole and absolute discretion, to accelerate the payment in full of all of Borrower’s obligations to Lender under the Leverage Loan Documents and to institute proceedings to enforce its rights and remedies under the Leverage Loan Documents and/or as provided by applicable law.
In addition, Borrower hereby promises to pay to Lender all remaining unpaid principal, accrued and unpaid interest and any other amounts due under the Note and other Leverage Loan Documents on or prior to the Maturity Date.