Examples of Xxxxxx Xxx Loans in a sentence
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.
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.
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.
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.
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.
Each of the Assets 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).
Notwithstanding any other section contained herein to the contrary, to the extent the Owner or any other Person has the right to terminate or remove the Servicer with respect to the Xxxxxx Xxx Loans, such Person must obtain the prior written consent of the Guarantor (other than with respect to a removal for a failure on the part of the Servicer to remit payment) and such consent may not be unreasonably delayed or withheld.
Borrower shall maintain with Texas Capital Bank at all times all escrow deposits relating to all Serviced Loans, provided that all escrow deposits relating to Serviced Xxxxxx Xxx Loans shall be subject to the rights of Xxxxxx Mae and restrictions on transfer set forth in the Servicing Agreement with Xxxxxx Xxx.
Notwithstanding anything to the contrary herein, no consent of the Guarantor (solely with respect to the Xxxxxx Xxx Loans) or RMIC (solely with respect to the RMIC Covered Loans) shall be required with respect to any waiver of a Prepayment Charge in accordance with the terms of this Agreement.