Additional Loan Provisions Sample Clauses

Additional Loan Provisions. Tenant agrees to pay as Supplementary Rent, any Mortgagee or HUD-mandated deposits to reserves for the repair and/or replacement of the Leased Premises (“Replacement Reserves”), insurance premiums (excluding mortgage insurance premiums (MIP), which shall be Landlords’ responsibility), water rates, taxes and assessments, and any other impounds relating to the Premises securing the Loan and required by Lender and/or HUD (collectively, the “Required Deposits”). Tenant shall pay the Required Deposits in advance on the first day of each and every month during the Term, without previous demand, notice or presentment therefor and without abatement, offset or deduction of any kind whatsoever, except for and only to the extent of any amounts owing to Landlord hereunder that Landlord or Lender requires Tenant to pay directly to Lender and which Tenant has timely and fully paid directly to Lender. Notwithstanding any other language to the contrary, Landlord acknowledges and agrees that Tenant shall not be obligated by Landlord to deposit funds into any reserves, escrows or other deposits required under the Lease for any expenditure or obligation for which a Required Deposit is also required to the extent the cost of such expenditure or obligation has been funded by Tenant into the Required Deposit. Landlord agrees to reimburse, or to permit Mortgagee to reimburse, Tenant out of, as applicable, the Replacement Reserve and the property insurance escrow maintained with respect to the Facility (the “Facility RR” and the “Facility PIE”) for the actual, out-of-pocket costs of repairs and replacements to and property insurance premiums for the Facility paid for by Tenant. Tenant’s reimbursement rights are subject to the conditions that (i) each such reimbursement is permissible under, and is paid in accordance with, applicable Mortgagee’s policies and requirements and HUD rules and regulations, (ii) Landlord and/or Mortgagee actually receives the reimbursement funds out of the Facility RR or Facility PIE, (iii) Tenant has complied with the terms of the Lease relating to Alterations and repairs or insurance, as applicable, (iv) no Event of Default or default otherwise exists under the Lease (including this Addendum), and (v) Landlord receives a copy of the reimbursement request, reimbursement payment receipt and related documentation regardless of whether the reimbursement request is made directly to Landlord or Mortgagee. Further and notwithstanding any other language to th...
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Additional Loan Provisions. If any Regulatory Change, or compliance by the Bank or any Person controlling the Bank with any request or directive of any Governmental Authority, central bank or comparable agency (whether or not having the force of law) shall (a) impose, modify or deem applicable any assessment, reserve, special deposit or similar requirement against assets held by, or deposits in or for the account of or loans by, or any other acquisition of funds or disbursements by, the Bank; (b) subject the Bank or any Loan to any tax, duty, charge, stamp tax or fee or change the basis of taxation of payments to the Bank of principal or interest due from the Borrower to the Bank hereunder (other than Non-Excluded Taxes and Excluded Taxes); or (c) impose on the Bank any other condition regarding the Loan or the Bank’s funding thereof, and the Bank shall determine (which determination shall be conclusive, absent manifest error) that the result of the foregoing is to increase the cost to, or to impose a cost on, the Bank or any Person controlling the Bank of making or maintaining such Loan or to reduce the amount of principal or interest received by the Bank hereunder, then the Borrower shall pay to the Bank or such controlling Person, within thirty (30) Business Days after receipt of written notice thereof from the Bank, which notice shall set forth the Bank’s supporting calculations in reasonable detail, such additional amounts as the Bank shall, from time to time, determine are sufficient to compensate and indemnify the Bank for such increased cost or reduced amount, so long as such amounts have accrued on or after the day which is 180 days prior to the date on which Bank first made demand therefore.
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Additional Loan Provisions 
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Related to Additional Loan Provisions

  • General Loan Provisions 20 Section 4.1 Interest ............................................................ 20 Section 4.2 Notice and Manner of Conversion or Continuation of Loans ............ 23 Section 4.3 Continuation Fee .................................................... 23 Section 4.4 Manner of Payment ................................................... 23 Section 4.5 Crediting of Payments and Proceeds .................................. 24 Section 4.6 Adjustments ......................................................... 24

  • Loan Provisions [ ] A. Participant loans are not available from the Plan. [x] B. Participant loans are permitted in accordance with the Employer’s established loan procedures. [ ] C. Loan payments will be suspended under the Plan as permitted under Code Section 414(u) in compliance with the Uniformed Services Employment and Reemployment Rights Act of 1994.

  • Additional Loan Parties (a) Notify the Agent promptly after any Person becomes a Subsidiary (other than any Excluded Subsidiary but including any Unrestricted Subsidiary being reclassified as a Restricted Subsidiary, and promptly thereafter (and in any event within fifteen (15) Business Days) if requested by the Agent, (i) cause any such Person to become a Co-Borrower or Guarantor, as applicable, by executing and delivering to the Agent a joinder agreement to this Agreement or a counterpart of the Guaranty or such other document as the Agent shall deem reasonably appropriate for such purpose, (ii) grant a perfected Lien to the Agent on such Person’s assets on the same types of assets which constitute Collateral under the Collateral Documents to secure the Obligations, and (iii) deliver to the Agent documents of the types referred to in clauses (ii) and (iii) of Section 4.3(a) and if requested by the Agent, favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to in clause (a)), and (b) if any Equity Interests or Indebtedness of such Person are owned by or on behalf of any Loan Party, to pledge such Equity Interests and promissory notes evidencing such Indebtedness, in each case in form, content and scope reasonably satisfactory to the Agent. In no event shall compliance with this Section 9.9 waive or be deemed a waiver or consent to any transaction giving rise to the need to comply with this Section 9.9 if such transaction was not otherwise expressly permitted by this Agreement or constitute or be deemed to constitute, with respect to any Subsidiary, an approval of such Person as a Borrower or Guarantor.

  • Additional Loans Agent shall not make any Revolving Loans or provide any Letter of Credit Accommodations to any Borrower on behalf of Lenders intentionally and with actual knowledge that such Revolving Loans or Letter of Credit Accommodations would cause the aggregate amount of the total outstanding Revolving Loans and Letter of Credit Accommodations to such Borrower to exceed the Borrowing Base of such Borrower, without the prior consent of all Lenders, except, that, Agent may make such additional Revolving Loans or provide such additional Letter of Credit Accommodations on behalf of Lenders, intentionally and with actual knowledge that such Revolving Loans or Letter of Credit Accommodations will cause the total outstanding Revolving Loans and Letter of Credit Accommodations to such Borrower to exceed the Borrowing Base of such Borrower, as Agent may deem necessary or advisable in its discretion, provided, that: (a) the total principal amount of the additional Revolving Loans or additional Letter of Credit Accommodations to any Borrower which Agent may make or provide after obtaining such actual knowledge that the aggregate principal amount of the Revolving Loans equal or exceed the Borrowing Bases of Borrowers, plus the amount of Special Agent Advances made pursuant to Section 12.11(a)(i) or (ii) hereof then outstanding, shall not exceed the aggregate amount equal to ten (10%) percent of the Maximum Credit, (b) no such additional Revolving Loan or Letter of Credit Accommodation shall be outstanding more than ninety (90) days after the date such additional Revolving Loan or Letter of Credit Accommodation is made or issued (as the case may be), except as the Required Lenders may otherwise agree and (c) the total outstanding principal amount of Loans, Letter of Credit Accommodations and Special Agent Advances made pursuant to Section 12.11(a)(i) and (ii) hereof shall not exceed the Maximum Credit. Each Lender shall be obligated to pay Agent the amount of its Pro Rata Share of any such additional Revolving Loans or Letter of Credit Accommodations.

  • Conditions Precedent to Each Loan and Letter of Credit The obligation of each Lender on any date (including the Closing Date) to make any Loan and of each Issuer on any date (including the Closing Date) to Issue any Letter of Credit is subject to the satisfaction of each of the following conditions precedent:

  • SPECIAL TERMS AND CONDITIONS OF TRUST The following special terms and conditions are hereby agreed to:

  • Conditions to Initial Loan The obligation of each Bank to make its initial Loan hereunder is subject to the satisfaction of the following conditions precedent:

  • Conditions Precedent to Initial Loan The obligation of Bank to make the initial Loan is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following:

  • Amendments to the Loan Agreement The Loan Agreement is hereby amended as follows:

  • Flow Down Provisions Grantee must include any applicable provisions of the Contract in all subcontracts based on the scope and magnitude of work to be performed by such Subcontractor. Any necessary terms will be modified appropriately to preserve the State's rights under the Contract.

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