Borrower shall Sample Clauses

Borrower shall. (i) Apply for or consent to the appointment of a receiver, trustee or liquidator of Borrower or of all or substantial part of the assets of Borrower; (ii) Be unable to, or admit in writing its inability to, pay its debts as they mature; (iii) Make a general assignment for the benefit of creditors; (iv) Be adjudicated bankrupt or insolvent; (v) File a voluntary petition in bankruptcy or a petition or an answer seeking reorganization or an arrangement with creditors or to take advantage of any insolvency law, or an answer admitting the material allegations of a petition filed against Borrower in any bankruptcy, reorganization or insolvency proceeding; or (vi) Corporate action shall be taken by Borrower for the purpose of effecting any of the foregoing.

Borrower shall. Make and keep books, records, and accounts, in such reasonable detail, so as to fully, accurately, and fairly reflect the activities of Borrower.

Borrower shall. (a) cause to be done all things necessary to operate and maintain the Property as a condominium; provided, however, that Borrower will not record or file (and will not cause to be recorded or filed) any modifications or amendments to the Condominium Documents in the appropriate land records without Lender’s prior written consent and Borrower shall comply with all Legal Requirements of any Governmental Authorities, including securities laws and regulations, which may apply to the formation and operation of the Condominium or to the sale of units and furnish such evidence of compliance therewith as Lender may reasonably request; (b) not transfer the portion of the Property which is a part of the Condominium or any part thereof and not make any assignment or grant any security interest in the Condominium Declaration or in its rights, benefits or privileges thereunder to anyone other than Lender without the prior written consent of Lender; (c) not, and shall instruct its designees on the Board that they shall not, vote to amend, modify or supplement or terminate or consent to any amendment, modification or supplement or termination of the Condominium Declaration for the Condominium, the by-laws of the Condominium Association or any other Condominium Documents without the prior written consent of Lender, except to correct errors that are clearly clerical in nature nor shall Borrower waive or consent to the waiver of any enforcement of the provisions of any of the foregoing Condominium Documents with respect to any other owner of a condominium unit, if any, that is subject to the Condominium Declaration if such waiver, consent or waiver of enforcement is reasonably likely to adversely affect ▇▇▇▇▇▇’s rights or remedies hereunder; (d) timely pay any and all Common Charges and expenses made against the portion of the Property then owned by Borrower pursuant to the Condominium Documents within ten (10) Business Days after the same shall become due and payable but in all respects before the same become delinquent. In the event that Borrower fails to make such payments as the same become due and payable, Lender may from time to time at its option, but without any obligation to do so, make any such payments, and the same shall be added to the Debt secured by the Loan Documents, and shall bear interest until repaid at the Default Rate; (e) comply (and cause compliance by the Condominium Association to the extent controlled by Borrower) in all respects with all of the t...

Borrower shall i. Cause each mortgagee of real property owned by Borrower (upon request by Secured Party) and each landlord of real property leased by Borrower to execute and deliver instruments satisfactory in form and substance to Secured Party by which such mortgagee or landlord waives their rights, if any, in the Collateral, or subrogates their rights, if any, in the Collateral, to the rights of Secured Party. ii. Comply with all applicable laws, rules, regulations, and orders of any court or governmental authority. iii. From time to time, upon the request of Secured Party, and at the sole expense of Borrower, promptly execute and deliver all such further instruments and documents and take such further action as Secured Party may deem necessary or desirable to preserve and perfect its security interest in the Collateral. iv. Borrower will do all things necessary to maintain, preserve, protect and keep the Collateral in good repair and working and saleable condition.

Borrower shall. (a) promptly perform and/or observe all of the covenants and agreements required to be performed and observed by Borrower under the Operating Leases, including without limitation, that certain Master Lease Termination and Conversion Agreement, dated as of September 7, 2000, and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (b) promptly notify Lender of any default under any Operating Lease of which Borrower is aware; (c) promptly deliver to Lender a copy of each financial statement, business plan, capital expenditures plan, notice, report and estimate received by Borrower under any Operating Lease; and (d) promptly enforce the performance and observance of all of the covenants and agreements required to be performed and/or observed by the Operating Lessee under any Operating Lease.

Borrower shall notify the Agent in writing of any full repayment of a Mortgage Loan promptly upon receipt of the related funds; and

Borrower shall. (a) duly observe and conform to all requirements of any governmental authorities relative to the conduct of Borrower's business or to Borrower's properties or assets; and (b) pay all obligations and liabilities when due, including without limitation all taxes, assessments and governmental charges or levies imposed upon Borrower or upon Borrower's income or profits, or upon any property belonging to Borrower, and maintain appropriate reserves for the accrual of the same in accordance with generally accepted accounting principles.

Borrower shall. (a) promptly perform and/or observe all of the covenants and agreements required to be performed and observed by Borrower under the Operating Leases and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (b) promptly notify Lender of any default under any Operating Lease of which Borrower is aware; (c) promptly deliver to Lender a copy of each financial statement, business plan, capital expenditures plan, notice, report and estimate received by Borrower under any Operating Lease; and (d) promptly enforce the performance and observance of all of the covenants and agreements required to be performed and/or observed by the Operating Lessee under any Operating Lease.