Loan Assumption Documents definition

Loan Assumption Documents is defined in Section 3.2.

Loan Assumption Documents. Any and all documents, instruments, certificates, opinions and items required under the Loan Agreement or otherwise required in connection with the Loan Assumption, in each case, originally-executed and/or in recordable form to the extent applicable.

Loan Assumption Documents means all documents required by Lender to effectuate Purchaser's assumption of the Existing Financing.

Examples of Loan Assumption Documents in a sentence

• In the event that Seller or Purchaser fails to execute and deliver the Loan Assumption Documents or the Assumed Loan Lender fails to approve the assignment, assumption and release as aforesaid, either Seller or Purchaser shall have the right to terminate this Agreement, whereupon all rights and obligations of the parties hereunder shall immediately terminate (other than those obligations that expressly survive termination) and Seller shall return the Xxxxxxx Money Note to Purchaser.

• Seller agrees to cooperate with and to take all reasonable action to facilitate Purchaser’s receipt of the Assumption Approval, however, Purchaser shall be solely responsible to pay to Assumed Loan Lender any and all costs, fees and expenses required in connection with the Assumed Loan assignment, assumption and release (other than Seller’s legal fees to review the Loan Assumption Documents).

• At the Closing (as defined below), the parties hereto shall direct the Title Company to release from Escrow and wire to Seller and the Cash Portion of the Purchase Price delivered to the Title Company pursuant to Section 2.3 above, record the Deed and all applicable Loan Assumption Documents, and deliver to Buyer and/or Seller, as applicable, all of the agreements, instruments and other documents delivered to the Title Company pursuant to Sections 7.3, 7.4, 7.5 and 7.6 below.

• The “Assumption Approval” shall be deemed to include (1) the satisfactory completion by the Assumed Loan Lender of all diligence investigations, inspections and tests, and (2) the full negotiation and final approval of the Loan Assumption Documents (as defined below) by Purchaser, Seller and the Assumed Loan Lender.

• The term “Related Documents” shall mean any document or instrument executed and/or delivered by Seller in connection with or pursuant to the Closing of the transaction contemplated by this Agreement including, without limitation, the Deed (hereinafter defined), xxxx of sale, Lease Assignment and Assumption Agreement (hereinafter defined), Loan Assumption Documents (hereinafter defined), assignment and assumption of contracts, and the FIRPTA Certificate (hereinafter defined).

More Definitions of Loan Assumption Documents

Loan Assumption Documents shall have the meaning assigned thereto in Section 6.1(a)(v).

Loan Assumption Documents means those documents required by Lender from Purchaser and Seller in order to effectuate the Loan Assumption (whether by assumption or replacement) on the terms and conditions set forth in this Agreement, and shall include, without limitation, the full and unconditional releases of Seller and all existing guarantor(s) or indemnitor(s) under the Loan with respect to acts or omissions from and after Closing.

Loan Assumption Documents as defined in Section 5.10.1.3

Loan Assumption Documents has the meaning set forth in the Contribution Agreement, the Myriad V/Lakeview Contribution Agreement or the 2012 Contribution Agreement, as applicable.

Loan Assumption Documents means the assumption documents to be executed by the applicable Seller, the Assumed Loan Property Purchaser as the assumptor and the lender or servicer for such Assumed Loan on behalf of the Assumed Loan Lender Parties.

Loan Assumption Documents means any and all documents, agreements and instruments required or necessary to effectuate the Loan Assumption.

Loan Assumption Documents shall have the meaning set forth in Section 8.2(o).