Examples of UBS Loan Documents in a sentence
A default or breach occurs with respect to the UBS Loans or the UBS Loan Documents.
The UBS Loans are secured only by the Auction Rate Securities (UBS), and the UBS Loan Documents do not require Borrower to provide or contemplate Borrower providing any additional collateral or proceeds from any other Borrower assets, except that the UBS Loan Documents require Borrower to repay the UBS Loans in the event that Borrower receives net proceeds exceeding $50,000,000 from an initial public offering of Borrower’s stock.
Neither the UBS Loans nor the UBS Loan Documents shall be amended to increase the rate of interest or any fees, costs or expenses, or to accelerate the payment of the principal or interest or any.
Notwithstanding the foregoing, nothing herein shall preclude the operation of any term, covenant, provision, or condition of, or right of Mortgagee under, this Mortgage which is not inconsistent with the terms, covenants, provisions and conditions of, and rights of Prior Mortgagee under the Prior Mortgage and the other UBS Loan Documents, and which would not cause a default under the UBS Loan Documents.
Notwithstanding the foregoing, nothing herein shall preclude the operation of any term, covenant, provision, or condition of, or right of Beneficiary under, this Deed of Trust which is not inconsistent with, the terms, covenants, provisions and conditions of, and rights of Prior Beneficiary under the Prior Deed of Trust and the other UBS Loan Documents, and which would not cause a default under, the UBS Loan Documents.
Mortgagor will promptly perform and observe all of the terms, covenants, and conditions required to be performed and observed by Mortgagor under the UBS Loan Documents, within the periods (inclusive of grace periods) provided in the UBS Loan Documents, and will do all things necessary to avoid the occurrence of any default with respect to the UBS Loan Documents.
Mortgagee hereby acknowledges that it shall not be entitled to receive any payment in connection with the release of the Mortgaged Property (or any portion thereof) from the lien of this Mortgage, including, without limitation, the proceeds of any sale thereof, unless and until the Prior Mortgagee is fully paid all sums due under the UBS Loan Documents.
Mortgagee further acknowledges that if Mortgagor's compliance with any of the terms, covenants, conditions or other provisions of this Mortgage would be inconsistent with or cause a default under the UBS Loan Documents, Mortgagor shall not be obligated to comply with such term, covenant or condition or other provision contained in this Mortgage.
Neither the UBS Loans nor the UBS Loan Documents shall be amended to increase the rate of interest or any fees, costs or expenses, or to accelerate the payment of the principal or interest or any other amount with respect to the UBS Loans or the UBS Loan Documents.
Beneficiary further acknowledges that if Trustor's compliance with any of the terms, covenants, conditions or other provisions of this Deed of Trust would be inconsistent with or cause a default under the UBS Loan Documents, Trustor shall not be obligated to comply with such term, covenant or condition or other provision contained in this Deed of Trust.