Liable Parties definition
Examples of Liable Parties in a sentence
Borrower and Liable Parties shall be deemed to have consented to the appointment of the receiver.
The term "Liable Parties" shall include both the original Liable Parties and any subsequent or substituted Liable Parties.
Lender shall be entitled to the appointment of a receiver without the necessity of proving either the inadequacy of the security or the insolvency of Borrower or any of the Liable Parties.
Borrower shall also furnish to such Investors or such prospective Investors or such Rating Agency any and all information concerning the Property, the Leases, the financial condition of Borrower or any Liable Parties as may be requested by Lender, any Investor or any prospective Investor or any Rating Agency in connection with any sale, transfer or participation interest.
The term “Liable Parties” shall include both the original Liable Parties and any subsequent or substituted Liable Parties.
Grantor and Liable Parties shall be deemed to have consented to the appointment of the receiver.
Indemnity Agreement: Unsecured Indemnity Agreement dated as of the Execution Date and executed by Borrower and Liable Parties in favor of Lender in connection with this Mortgage.
Mortgagor and Liable Parties shall be deemed to have consented to the appointment of the receiver.
Lender may forward to each purchaser, transferee, assignee, servicer, participant, investor in such Securities (collectively, the “Investor”) or any Rating Agency rating such Securities and each prospective Investor, all documents and information which Lender now has or may hereafter acquire relating to the Secured Indebtedness and to Borrower or any Liable Parties and the Property, whether furnished by Borrower, any Liable Parties or otherwise, as Lender determines necessary or desirable.
This Agreement applies to Lender, Liable Parties and Borrower, and their heirs, legatees, devisees, administrators, executors, successors and assigns.