Mortgage Borrower Company Agreement definition

Mortgage Borrower Company Agreement means, collectively, the limited liability company agreements of each Mortgage Borrower, as the same may be amended from time to time to the extent permitted under the Mortgage Loan Agreement and this Agreement.

Mortgage Borrower Company Agreement means, collectively, each Limited Liability Company Operating Agreement of the Mortgage Borrower.

Mortgage Borrower Company Agreement means the Operating Agreement of Mortgage Borrower.

Examples of Mortgage Borrower Company Agreement in a sentence

• On each date on which amounts are required to be disbursed to Lender pursuant to the terms of Section 10.2 of the Mortgage Loan Agreement or are required to be paid to Lender under any of the Loan Documents, Borrower shall exercise its rights under the Mortgage Borrower Company Agreement to cause Mortgage Borrower to make to Borrower a distribution in an aggregate amount such that Lender shall receive the amount required to be disbursed or otherwise paid to Lender on such date.

• Lender shall have the right, but shall not have the obligation, to exercise Borrower's rights under the Mortgage Borrower Company Agreement (a) to cure a Mortgage Loan Default or Mortgage Loan Event of Default and (b) to satisfy any Liens, claims or judgments against the Property (except for Liens permitted by the Mortgage Loan Documents), in the case of either (a) or (b), unless Borrower or Mortgage Borrower shall be diligently pursuing remedies to cure to Lender's sole satisfaction.

• Other than the Loan Documents, the Borrower Operating Agreement and the Mortgage Borrower Company Agreement, neither Borrower nor any of its assets shall be subject to any Contractual Obligations, and Borrower shall not enter into any agreement, instrument or undertaking by which it or its assets are bound, except for such liabilities, not material in the aggregate, that are incidental to its activities as a limited partner, member or shareholder, as applicable, of Mortgage Borrower.

• Other than the Loan Documents, the Mortgage Borrower Company Agreement (and the initial limited liability company interests in Mortgage Borrower issued pursuant thereto), neither Borrower nor any of its assets shall be subject to any Contractual Obligations, and Borrower shall not enter into any agreement, instrument or undertaking by which it or its assets are bound, except for such liabilities, not material in the aggregate, that are incidental to its activities as a regular member of Mortgage Borrower.

• On each date on which amounts required to be disbursed to Lender pursuant to the terms of the Mortgage Loan Documents are required to be paid to Lender pursuant to the terms of any of the Loan Documents, Borrower shall exercise its rights under the Mortgage Borrower Company Agreement to cause Mortgage Borrower to make to Borrower a distribution of any unrestricted funds in Mortgage Borrower’s possession or control up to the aggregate amount required to be so disbursed to Lender on such date.

More Definitions of Mortgage Borrower Company Agreement

Mortgage Borrower Company Agreement means, collectively, (i) the Limited Liability Company Agreement of the applicable Individual Mortgage Borrower and any applicable Principal dated the date hereof, by Borrower, as sole member, (ii) the Amended and Restated Limited Partnership Agreement of the applicable Individual Mortgage Borrowers, dated the date hereof, by Borrower, as limited partner and certain entities comprising Principal, as general partner, and (iii) the Amended and Restated Trust Agreement, dated the date hereof, of INLAND WESTERN BETHLEHEM SAUCON VALLEY DST, a Delaware statutory trust, INLAND WESTERN DUNCANSVILLE XXXXXXXX DST, a Delaware statutory trust, and INLAND WESTERN CRANBERRY DST, with INLAND WESTERN BETHLEHEM SAUCON VALLEY BENEFICIARY, L.L.C., INLAND WESTERN DUNCANSVILLE XXXXXXXX BENEFICIARY, L.L.C, and INLAND WESTERN CRANBERRY BENEFICIARY, L.L.C., as sole beneficiary, as applicable.

Mortgage Borrower Company Agreement means, collectively, (i) the Limited Liability Company Agreement of any applicable Individual Mortgage Borrower and any applicable Principal dated the date hereof, by Senior Mezzanine Borrower, as sole member, (ii) the Amended and Restated Limited Partnership Agreements of the applicable Individual Mortgage Borrowers by Senior Mezzanine Borrower, as limited partner and certain entities -14- comprising Principal, as general partner, dated the date hereof, and (iii) the Amended and Restated Trust Agreements, dated the date hereof, of INLAND WESTERN BETHLEHEM SAUCON VALLEY DST, a Delaware statutory trust, INLAND WESTERN DUNCANSVILLE XXXXXXXX DST, a Delaware statutory trust, and INLAND WESTERN CRANBERRY DST, with INLAND WESTERN BETHLEHEM SAUCON VALLEY BENEFICIARY, L.L.C., INLAND WESTERN DUNCANSVILLE XXXXXXXX BENEFICIARY, L.L.C, and INLAND WESTERN CRANBERRY BENEFICIARY, L.L.C., as sole beneficiary, as applicable.

Mortgage Borrower Company Agreement means that certain Amended and Fully Restated Limited Liability Company Agreement of Mortgage Borrower among Borrower, as the sole member, Xxxxxxxx X. Xxxxxx and Xxxxxx X. Xxxxxx, as the springing members, dated as of March 6, 2007.

Mortgage Borrower Company Agreement means, collectively, the limited partnership agreements and other organizational documents set forth on Schedule X attached hereto.

Mortgage Borrower Company Agreement means, collectively, the agreements set forth on Schedule XXII hereto.

Mortgage Borrower Company Agreement means that certain Amended and Restated Limited Liability Company Agreement of BSK del Partners, LLC, as the same may be amended, restated, replaced or otherwise modified from time to time.

Mortgage Borrower Company Agreement means the Operating Agreement, and all amendments thereof of the respective Mortgage Borrower and any Principal (as defined in the Mortgage Loan Agreement) of a Mortgage Borrower.