Examples of Mortgage Loan Party in a sentence
For the avoidance of doubt, IP Owner shall be permitted to grant licenses with respect to the Intellectual Property to any other Person (whether such Person is or is not an Affiliate of any Mortgage Loan Party, Borrower or IP Owner) at no expense to Mortgage Borrower or any other Mortgage Loan Party.
The information set forth on Schedule IV hereto reflects a true, complete and accurate recitation of all Trademark License Agreements between IP Owner, Borrower and any Mortgage Loan Party.
In addition, Borrower shall not cause or permit Mortgage Borrower or any other Mortgage Loan Party to cancel or otherwise forgive or release any material claim or debt (other than termination of Leases in accordance herewith) owed to Mortgage Borrower or such other Mortgage Loan Party by any Person (other than another Mortgage Loan Party) except for adequate consideration and in the ordinary course of Mortgage Borrower’s or such other Mortgage Loan Party’s business, as applicable.
At the request of Lender, Borrower shall execute a certificate in form satisfactory to Lender listing the trade names under which Borrower intends to cause or permit any Mortgage Loan Party to operate the Properties and the other Mortgage Loan Collateral, and representing and warranting that Borrower does business and causes each Mortgage Loan Party to do business under no other trade name with respect to the Properties at such time.
Borrower shall not suffer and shall not permit Senior Mezzanine Borrower, Mortgage Borrower or any Mortgage Loan Party to suffer and shall promptly cause to be paid and discharged any Lien or charge whatsoever which may be or become a Lien or charge against the Collateral, the Senior Mezzanine Collateral or the Mortgage Loan Collateral, and shall promptly pay, or cause to be paid, for all utility services provided to the Properties.
Borrower is not a party to any agreement or instrument or subject to any restriction which might materially and adversely affect Borrower, Senior Mezzanine Borrower, Mortgage Borrower or any other Mortgage Loan Party, the Senior Mezzanine Collateral, the Mortgage Loan Collateral or the Collateral or Borrower’s, Senior Mezzanine Borrower’s or Mortgage Borrower’s or any other Mortgage Loan Party’s business, properties or assets, operations or condition, financial or otherwise.
Borrower is not nor has ever been required to file under applicable law, and Borrower has never filed, a consolidated federal income tax return or a unitary state income tax return (or any analogous combined state income tax return) with any other Person (other than another Individual Borrower, Senior Mezzanine Borrower or a Mortgage Loan Party).
To Borrower’s knowledge, since the date of such financial statements, there has been no materially adverse change in the financial condition, operations or business of Borrower, Senior Mezzanine Borrower or Mortgage Borrower or such other Mortgage Loan Party from that set forth in said financial statements.
None of Borrower nor Senior Mezzanine Borrower nor Mortgage Borrower nor any other Mortgage Loan Party is in default in any material respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument to which it is a party or by which Borrower, Senior Mezzanine Borrower, Mortgage Borrower or any other Mortgage Loan Party, the Senior Mezzanine Collateral, the Mortgage Loan Collateral or any of the Collateral are bound.
No material claims are currently pending, outstanding or otherwise remain unsatisfied under any such Policy which would reasonably be expected to have a material adverse effect on Borrower, Senior Mezzanine Borrower or Mortgage Borrower or any other Mortgage Loan Party, and neither Borrower nor Senior Mezzanine Borrower nor Mortgage Borrower nor Property Owner nor, to the best of Borrower’s knowledge, has any Person done, by act or omission, anything which would impair the coverage of any such Policy.