Examples of Mezzanine 1 Loan Documents in a sentence
All of the representations and warranties by each borrower, guarantor or indemnitor contained in the Mezzanine 1 Loan Documents with respect to each Mezzanine 1 Loan are true and correct in all material respects as of the date made thereunder.
Mezzanine 1 Borrower and Mezzanine 1 Lender shall have executed and delivered the Mezzanine 1 Loan Documents, the transactions contemplated thereunder shall have closed and Lender shall have approved all terms and conditions thereof.
The Mezzanine 1 Loan and each of the related Mezzanine 1 Loan Documents are in full force and effect and there exists no Mezzanine 1 Loan Default thereunder by the applicable Mezzanine 1 Borrower or, to Borrower’s knowledge, any other party thereto and no event shall have occurred that, with the passage of time and/or the giving of notice, would constitute a Mezzanine 1 Loan Default thereunder.
Each Significant Party and Sponsor has taken all necessary action to authorize the execution, delivery and performance of the Mortgage Loan Documents, Mezzanine 1 Loan Documents or Loan Documents to which they are parties.
Borrower will cause Mezzanine 1 Borrower to preserve its interest in and title to the Mezzanine 1 Collateral that it owns and shall forever warrant and defend the same to Mezzanine 1 Lender against any and all claims made by, through or under Mezzanine 1 Borrower and shall forever warrant and defend the validity and priority of the lien and security interest created under the Mezzanine 1 Loan Documents against the claims of all Persons whomsoever claiming by, through or under Mezzanine 1 Borrower.
Borrower shall not create, assume or suffer to exist any Lien on any portion of the Collateral (other than pursuant to the Loan Documents) or permit any such action to be taken, and shall not permit Mezzanine 1 Borrower to create, assume or suffer to exist any Lien on any portion of the Mezzanine 1 Collateral (other than pursuant to the Mezzanine 1 Loan Documents) or permit any such action to be taken.
To Borrower’s knowledge, there are no claims for payment for work, labor or materials affecting the CIGNA Mortgage Loan Property which are or may become a lien prior to, or of equal priority with, the Liens created by the Loan Documents, the Mezzanine 1 Loan Documents and/or the Mortgage Loan Documents except those which have been insured over pursuant to the applicable Title Insurance Policy.
Lender may, but shall not be obligated to make proof of loss if not made promptly by Borrower, subject to the rights and obligations of (i) Mortgage Loan Lender and Mortgage Loan Borrower or Maryland Owner under the related Mortgage Loan Documents and (ii) Mezzanine 1 Lender and Mezzanine 1 Borrower under the related Mezzanine 1 Loan Documents.