Examples of Xxxxxx Xxx Loans in a sentence
The origination, sale, and servicing of the Xxxxxx Mae Loans by Sellers comply with all Applicable Requirements with respect to the Xxxxxx Xxx Loans in all material respects.
The financing secured by the Facilities as of the date on which the Joint Venture acquires the Facilities (or interests therein), sells the Facility to the SPV and enters into the Lease Documentation with respect to the Facility, including, without limitation, the Xxxxxx Xxx Loans.
Each applicable Credit Party services the Xxxxxx Xxx Loans pursuant to the Xxxxxx Mae Agreements, and the ASAP Plus Agreements, and, other than the Xxxxxx Xxx Agreements and the ASAP Plus Agreements, there are no agreements, contracts or arrangements governing the origination or servicing of the Xxxxxx Mae Loans.
If the property has resale restrictions, Xxxxxx Xxx Loans with Resale Restriction eligibility requirements must be met.
Attached hereto as Exhibit P is a schedule describing the material business terms of the Xxxxxx Xxx Loans secured by the Bloomingdale, Smithtown, Alexandria, Fleetwood, Northville, Sterling Canyon, Blue Xxxx and Mission Viejo Facilities.
Sunrise has delivered to Investor full and complete copies of all the loan documents evidencing and securing the foregoing Xxxxxx Xxx Loans.
To the best of Sunrise's knowledge, as of the date hereof, the Xxxxxx Xxx Loans secured by the Bloomingdale, Smithtown, Alexandria, Fleetwood, Northville, Sterling Canyon, Blue Xxxx and Mission Viejo Facilities, as shown on Exhibit P, are in full force and effect, and there exists no Event of Default thereunder, and no event or circumstance which, with the passing of time or giving of notice, would constitute an Event of Default thereunder.
Senior Lenders shall have given their consent to the transactions contemplated by this Agreement, with an assumption fee not exceeding one percent (1%) of the outstanding principal balance of those loans other than the Xxxxxx Xxx Loans, assuming that Closing takes place prior to April 1, 2002.
There shall be no assumption fee on the Xxxxxx Xxx Loans, other than standard review fees and attorney's fees, which shall be a Joint Venture expense.
Each of the Loans complies with the representations and warranties listed in Schedule 1-A hereto (and, in the case of Xxxxxx Xxx Loans, Schedule 1-B hereto, and, in the case of Xxxxxxx Mac Loans, Schedule 1-C hereto).