Examples of Mortgaged Land in a sentence
Lender shall have had made available to it such evidence as may be requested by it and satisfactory to it that the Mortgaged Land is in material compliance with all applicable laws, rules and regulations.
During Executive’s employment, Executive shall be entitled to accrue up to three (3) weeks of vacation annually (pro-rated for partial years), subject to Company policies as modified from time to time.
Lender shall have had made available to it true and correct copies of all permits, licenses or certificates as may be requested by it and are applicable to the Mortgaged Land, and all such documents shall be in form and substance satisfactory to Lender.
Borrower shall not permit any Person other than Borrower to own any items affixed to any Mortgaged Land other than trade fixtures, equipment or other items leased by Borrower under capital leases in the ordinary course of business.
Notwithstanding any provision to the contrary in the Security Instrument or other Loan Documents, Borrower may enter into tenant leases of the Mortgaged Land to unrelated third parties providing for rental and other terms and conditions reasonably determined by Borrower to be consistent with the then current market for such property; provided that all such leases shall be subordinate to the lien and security interest In such Mortgaged Land created by the Security Instrument.
Without Lender’s consent, Borrower shall not lease any Mortgaged Land for a period greater than one (1) year.
The Borrower Parties and Xxxxxxx have disclosed to Lender in writing every fact which materially and adversely affects, or would materially and adversely affect, the financial condition, assets, properties, management, operations or business of the Borrower Parties or Xxxxxxx or the ability of the Borrower Parties or Xxxxxxx to perform their respective obligations under the Loan Documents and the leases and subleases pertaining to the Mortgaged Land.
Except as set forth in the Disclosure Statement, Borrower will own all equipment located on the Mortgaged Loan and any other items affixed in any way to the Mortgaged Land.
The lien of the Deed of Trust shall constitute a first mortgage Lien of record on the Mortgaged Land and a first security interest of record in all other Collateral, subject only to such Permitted Liens as Lender shall approve.
If requested, Lender shall have received a Level I, Phase I environmental report relating to the Mortgaged Land, and such additional environmental reports as Lender shall have requested, in form and substance satisfactory to Lender and prepared by a consultant satisfactory to Lender.