Examples of Transferee Borrower in a sentence
Except with respect to Lender’s statements relating to clauses (i), (ii) and (iv) above, which statements may be relied upon by Transferee Borrower or the Indirect Transferee, as applicable, and their successors and assigns, compliance by Lender with the requirements of this paragraph shall be for informational purposes only and shall not be deemed to be an estoppel by Lender or a waiver of any rights or remedies of Lender hereunder or under any other Loan Document.
Other than in respect of a transfer to a Permitted Transferee, Borrower will then have three (3) Business Days to request such additional information as it may reasonably require regarding such proposed transferee, or, if no such additional information is requested and such proposed transfer satisfies the other requirements of this Section 24(c), the Borrower shall be deemed to have consented to such proposed transfer.
With respect to each deduction or withholding for or on account of any Taxes of the Administrative Agent or any Bank (or Transferee), Borrower shall promptly (and in any event not later than 45 days thereafter) furnish to such Administrative Agent or Bank (or Transferee) a receipt evidencing payment thereof.
Prior to arranging for any Person other than an existing Lender to be such an Eligible Transferee, Borrower shall notify the other Lenders of its intention to replace the terminated Lender and, during the sixty day period after such notice, the other Lenders shall have a right of first refusal to purchase the rights and duties of the terminated Lender, pro rata in accordance with their Percentage Shares.
In connection with the sale by Borrower of all of its right, title and interest in and to all of the Properties to a unrelated third-party purchaser (the "Transferee"), Borrower shall have the right to request that ---------- Lender approve (on a one time only basis), a transfer, assignment to, and assumption by, Transferee of Borrower's obligations under the Note, the Mortgages and the Loan Documents.