Examples of Project Loan Documents in a sentence
It is agreed by the parties hereto that any amounts remaining in the Loan Payment Fund or other funds and accounts established under the Funding Loan Agreement upon expiration or sooner termination of the term hereof (and the repayment in full of the Project Loan and all other amounts owing under the Project Loan Documents), shall be paid in accordance with the Funding Loan Agreement.
If, pursuant to the terms of the Project Loan Documents, the lender is entitled to require the use of the Insurance Proceeds to prepay all or any portion of the principal balance of a Project Loan, then, for so long as the Project Loan Documents remain in effect, Taxpayer: (i) shall maintain Additional Coverage Insurance; and (ii) shall not change or cancel the Additional Coverage Insurance without prior written notice to RDC at least 30 days in advance.
Nothing contained in the Regulatory Agreement shall affect any provision of the Security Instrument or any of the other Project Loan Documents that requires the Borrower to obtain the consent of the Funding Lender as a precondition to sale, transfer or other disposition of, or any direct or indirect interest in, the Project or of any direct or indirect interest in the Borrower, excluding transfers permitted by the Security Instrument.
The Funding Lender shall have no indemnification obligations with respect to the Governmental Note or the Project Loan Documents.
The terms, covenants and restrictions of the Regulatory Agreement, other than those set forth in Sections 1 through 4, are and shall at all times remain subject and subordinate, in all respects, to the liens, rights and interests created under the Project Loan Documents.