Examples of Maryland Property in a sentence
There has been no prior sale, transfer or assignment, hypothecation or pledge by Borrower (or in the case of the Maryland Property, the Maryland Loan Guarantor) or Master Lessee of the Master Lease or of the Master Lease Rents received therein, which will be outstanding following the funding of the Loan, other than those being assigned to Lender concurrently herewith.
For purposes of this paragraph, the term “notice” shall mean any summons, citation, directive, order, claim, pleading, letter, application, filing, report, findings, declarations or other materials pertinent to compliance of the Property and Borrower (or in the case of the Maryland Property, Maryland Loan Guarantor) with such Environmental Laws.
Borrower (and in the case of the Maryland Property, Maryland Loan Guarantor) acknowledges and agrees that twenty (20) days’ prior written notice of the time and place of any public sale of the Account Collateral or any other intended disposition thereof shall be reasonable and sufficient notice within the meaning of the UCC.
Each such insurance policy shall contain an agreed amount (coinsurance waiver) and replacement cost value endorsement and shall cover, without limitation, all tenant improvements and betterments which Borrower (or in the case of the Maryland Property, Maryland Loan Guarantor) is required to insure in accordance with any Lease.
Borrower (or in the case of the Maryland Property, Maryland Loan Guarantor) shall, promptly after receipt thereof, deliver to Lender a copy of any notice received with respect to the Leases or any Material Subleases claiming that Borrower, Maryland Loan Guarantor or Master Lessee, as applicable, is in default in the performance or observance of any of the material terms, covenants or conditions of any of the Leases or Material Subleases.