Collateral Properties. Without limiting the further covenants contained in the Security Documents, at all times the Borrowers and the Subsidiary Guarantors shall use commercially reasonable efforts to cause each other Borrower or the applicable tenant, to:
Collateral Properties. Each Subsidiary Guarantor and its respective Subsidiaries shall not, nor shall they permit any other Subsidiary Guarantor or Subsidiary, directly or indirectly, to:
Collateral Properties. (i) Eligibility. Each Collateral Property is an Eligible Property.
Collateral Properties. Set forth on Schedule 6.14.2 is a list of each Collateral Property with detail indicating the owner of each Collateral Property and the location of each Collateral Property.
Collateral Properties. Sales or refinancings of any Collateral Property, provided the Release Conditions are satisfied with respect thereto;
Collateral Properties. The Borrowers and respective Subsidiaries Borrowers shall not, nor shall they permit any other Subsidiary Credit Party, directly or indirectly, to:
Collateral Properties. 6.16.1 Each of the Collateral Property Owners possesses such Licenses and Permits issued by the appropriate federal, state, or local regulatory agencies or bodies necessary to own and operate each Collateral Property, except where the failure to possess any such License or Permit would not have a Material Adverse Effect. The Collateral Property Owners are in material compliance with the terms and conditions of all such Licenses and Permits, except where the failure so to comply would not, singly or in the aggregate, result in a Material Adverse Effect. All of the Licenses and Permits are valid and in full force and effect, except where the invalidity of such Licenses and Permits or the failure of such Licenses and Permits to be in full force and effect would not result in a Material Adverse Effect. Neither the Borrower nor any of the Collateral Property Owners has received any notice of proceedings relating to the revocation or modification of any such Licenses and Permits which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would result in a Material Adverse Effect.
Collateral Properties. (a) Borrowers shall cause the Eligible Owned Real Estate and Eligible Villa Units included in the calculation of the Borrowing Base Availability and inclusion as Collateral Properties or Villa Units, as the case may be, to at all times satisfy all of the following conditions:
Collateral Properties. Without limiting the further covenants contained in the Security Documents, at all times the Parent Borrower shall use commercially reasonable efforts to cause each other Borrower, to:
Collateral Properties. As of the date hereof, the Loan Party that owns each Collateral Property has the right to take the following actions without the need to obtain the consent of any Person (other than the Administrative Agent, the Collateral Agent, and the Lenders): (i) to create Liens on such Property as security for Indebtedness of the Borrower or such Loan Party, as applicable, and (ii) to sell, transfer or otherwise dispose of such Property.
