Examples of Master Reimbursement Agreement in a sentence
This Application is subject to the terms and conditions of a Continuing Agreement for Commercial Letters of Credit, a Master Reimbursement Agreement and/or other credit documentation governing the issuance and reimbursement of letters of credit, as applicable, which has been furnished to the undersigned.
Any of the parties hereto may, by a notice to the other party specifically captioned "Notice of Change of Address pursuant to section 8.3 of the Master Reimbursement Agreement", designate any further or different address to which subsequent notices, certificates or other communications shall be sent without any requirement of execution of any amendment to this Agreement.
Borrower covenants and agrees that Borrower shall at all times during the term of this Instrument comply with the covenants set forth in Sections 2.2(i) and 2.3(k) of the Master Reimbursement Agreement and that Borrower shall not violate the provisions of subsections 2.3(a)(iii) or 2.3(a)(iv) of the Master Reimbursement Agreement.
The Hedge for the Loans shall be a Cap (as defined in the Master Reimbursement Agreement) for the Initial Hedge Period.
Each of the Borrower’s representations and warranties related to the Mortgaged Properties contained in the Master Reimbursement Agreement and the other Borrower Documents is true and correct as of the date hereof.
The Borrower shall appear in and defend any action or proceeding purporting to affect the security for this Agreement or the rights or powers of Xxxxxx Xxx or the Loan Servicer hereunder or under the Mortgage Loan Documents, and shall, pursuant to Section 3.3 of this Agreement, pay all costs and expenses, including the Master Reimbursement Agreement Mid-America cost of evidence of title and reasonable attorneys’ fees, in any such action or proceeding in which Xxxxxx Mae or the Loan Servicer may appear.
The Master Reimbursement Agreement dated as of September 15, 1997 between the Parent and General Electric providing for General Electric to cause the issuance of certain letters of credit to secure the payment of principal and interest on various bonds in an amount up to $23,500,000, as such Master Reimbursement Agreement is in effect on the Effective Date and without giving effect to any amendments thereof after the Effective Date.
Any such default shall: (i) entitle Lender, at its option, in its discretion, to invoke any of the remedies set forth in Paragraph 27 of the Instrument or as otherwise afforded by law or equity; and (ii) at Xxxxxx Mae's option, in its discretion, constitute a default under and in accordance with the Master Reimbursement Agreement.
If the Bond Market Association Municipal Swap Index is not published on any reset date under the Hedge, Master Reimbursement Agreement Mid-America the Counterparty must determine an appropriate index as a substitute for the Bond Market Association Municipal Swap Index on each such reset date.
Should Lender (or "Servicer", as such term is defined in the Master Reimbursement Agreement) pay any Mortgage Expenses (as hereinafter defined), Borrower shall on demand immediately reimburse Lender (or Lender on behalf of Servicer, as applicable) for the full amount of such Mortgage Expenses paid by Lender (or Servicer, as applicable).