Maryland Owner definition
Examples of Maryland Owner in a sentence
Borrower shall cause Mortgage Loan Borrowers and Maryland Owner to permit agents, representatives and employees of Lender to inspect each Individual Property or any part thereof at reasonable hours upon reasonable advance notice.
Question was asked for any comments from Mr. Fred Suhler and Jody Wiza.
Borrower shall cause Mortgage Loan Borrower and Maryland Owner to (or shall cause the applicable Manager to) keep and maintain all licenses necessary for the operation of the CIGNA Mortgage Loan Property for the purpose intended herein and in the Mortgage Loan Documents, including all liquor licenses.
Further, without Lender’s prior written consent, after the Closing Date Borrower shall not permit any Mortgage Loan Borrower or Maryland Owner to file or subject any part of the Property or the Improvements to any declaration of condominium or co-operative or convert any other part of the Property or Improvements to a condominium, co-operative or other form of multiple ownership and governance.
Borrower shall cause Mortgage Loan Borrower and Maryland Owner at its expense, to diligently prosecute any such proceedings, and shall consult with Lender, its attorneys and experts, and cooperate with them in the carrying on or defense of any such proceedings.
At the request of Lender, Borrower shall cause Mortgage Loan Borrower and Maryland Owner to deliver evidence in a form satisfactory to Lender that amounts allocated to budgeted expenses have been paid to the extent due and payable in accordance with the approved Annual Budget.
In the event Lender delivers notice to Mortgage Loan Borrower or Maryland Owner to terminate any Affiliated Manager pursuant to the provisions of this Section 5.14(c), then Borrower shall not have the right, and shall not permit, Mortgage Loan Borrower or Maryland Owner to appoint an Affiliated Manager as a successor or replacement manager with respect to the applicable Individual Property.
Borrower shall not permit any Mortgage Loan Borrower or Maryland Owner to enter into, terminate or modify any REA without Lender’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.
Borrower shall cause each Mortgage Loan Borrower or Maryland Owner to enforce, comply with, and cause each of the parties to the REA to comply with all of the material economic terms and conditions contained in the REA.
If under applicable zoning provisions the use of all or any portion of any Individual Property is or shall become a nonconforming use, Borrower will not cause or permit Mortgage Loan Borrowers or Maryland Owner to cause or permit the nonconforming use to be discontinued or the nonconforming Improvement to be abandoned without the express written consent of Lender.