Examples of Maryland Owner in a sentence
The Mortgage Loan and each of the related Mortgage Loan Documents with respect to each Individual Property encumbered thereby are in full force and effect and there exists no Mortgage Loan Default thereunder by the applicable Mortgage Loan Borrower or Maryland Owner or, to Borrower’s knowledge, any other party thereto and no event has occurred that, with the passage of time and/or the giving of notice, would constitute a Mortgage Loan Default thereunder.
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 not permit any Mortgage Loan Borrower or Maryland Owner to cancel or otherwise forgive or release any claim or debt (other than termination of Leases in accordance herewith) owed to such Mortgage Loan Borrower or Maryland Owner by any Person, except for adequate consideration and in the ordinary course of such Mortgage Loan Borrower’s or Maryland Owner’s business.
Borrower shall promptly give Lender notice of the actual or threatened commencement of any proceeding for the Condemnation of any Individual Property of which any Borrower has knowledge and shall cause Mortgage Loan Borrower and Maryland Owner to deliver to Lender copies of any and all papers served in connection with such proceedings.
Borrower shall not permit any Mortgage Loan Borrower or Maryland Owner to initiate or consent to any zoning reclassification of any portion of any Individual Property or seek any variance under any existing zoning ordinance or use or permit the use of any portion of any Individual Property in any manner that could result in such use becoming a non-conforming use under any zoning ordinance or any other applicable land use law, rule or regulation, without the prior written consent of Lender.
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.
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.
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.
Borrower will not, and will not permit Mortgage Loan Borrowers or Maryland Owner, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of any Individual Property, regardless of the depth thereof or the method of mining or extraction thereof.