Enforceable Documents. Except as modified herein, all terms and conditions of the Employment Agreement, as the same may be supplemented, modified, amended or extended from time to time, are and shall remain in full force and effect.
Enforceable Documents. Except as modified herein, the parties agree that all terms and conditions of the Agreement and other Transaction Documents are and shall remain in full force and effect.
Enforceable Documents. Except as modified herein, all terms and conditions of the Agreement, and any and all other documents executed or delivered by or on behalf of Summit, Greater Atlantic or SFG in connection with the Agreement, as the same may be supplemented, modified, amended or extended from time to time, are and shall remain in full force and effect.
Enforceable Documents. The Developer covenants, warrants, represents and agrees for the benefit of the City and the Park Board that it has the full power and authority to grant the easements on the Trail Parcel, to fulfill its obligations under this Easement Agreement, that such covenants and obligations constitute the legally binding obligations of it and that all Trail Improvements will be located entirely within the boundaries of the Trail Parcel. Further, the Developer has, concurrent with the filing of this Agreement, provided the City and Park Board with a title insurance policy(ies) in the amount of $324,075.00 from a title insurance company reasonably acceptable to it that ensures the priority of this Easement Agreement over all other liens, security interests and encumbrances.
Enforceable Documents. That Borrower is (i) a non-profit corporation duly organized and in good standing under the laws of the State of Minnesota, or (ii) a limited partnership or limited liability company duly organized and in good standing under the laws of the State of Minnesota in which the managing general partner or managing member is a non- profit corporation duly organized and in good standing under the laws of the State of Minnesota, is lawfully authorized to acquire, construct, equip, operate and maintain the Project and has full power and authority to enter into this Agreement, the Loan Documents, and the Due Diligence Documents. That Borrower’s mission is to provide long-term affordable housing opportunities and that this Agreement, the Loan Documents, and the Due Diligence Documents have all been duly executed and delivered, and assuming due execution and delivery by the other parties thereto, such documents constitute the legally binding obligations of Borrower, enforceable against Borrower in accordance with their respective terms.
Enforceable Documents. The RLOC/Term Loan Documents and the RE Loan Documents, including this Agreement, to which Borrower is a party are legal, valid, and binding agreements of Borrower enforceable in accordance with their respective terms, and any instrument or agreement required hereunder or thereunder, when executed and delivered, will be similarly legal, valid, binding, and enforceable.
Enforceable Documents. Borrower is a limited partnership duly organized and in good standing under the laws of the State of Minnesota, is lawfully authorized to acquire, construct, equip, operate and maintain the Project and has full power and authority to enter into this Agreement and the Construction and Other Documents. That this Agreement and the Construction and Other Documents have all been duly executed and delivered, and assuming due execution and delivery by the other parties thereto, such documents constitute the legally binding obligations of Borrower, enforceable against Borrower in accordance with their respective terms.
Enforceable Documents. Developer warrants and represents to the City and the Park Board that Developer has the full power and authority to grant the easement set forth in Paragraph 2 above, to fulfill its respective obligations under this Easement Agreement, and that such covenants and obligations constitute the legally binding obligations of Developer, subject to applicable bankruptcy, insolvency, moratorium, or similar creditors’ rights statutes. The waivers granted herein are contingent upon the Developer providing the City and Park Board with a title policy from First American Title Insurance Company in a timely fashion following recording, ensuring this Easement Agreement is senior to liens, security interests and encumbrances pertaining to the Project in the form of the commitment approved by the City and Park Board prior to execution. Consents to this Easement Agreement from the holders of existing mortgage liens on the Project are attached hereto.
Enforceable Documents. Except as modified herein, all terms and conditions of the Option Agreement, as the same may be supplemented, modified, amended or extended from time to time, are and shall remain in full force and effect.
Enforceable Documents. This Agreement and the other Loan Documents, when duly executed and delivered by all parties thereto, will constitute valid, legal, and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms (except as enforcement may be limited by bankruptcy, insolvency, laws of general application, and other general equitable principles). The Guaranties, when duly executed and delivered by the Guarantors, will constitute valid, legal, and binding obligations of the Guarantors enforceable against the Guarantors in accordance with their respective terms (except as enforcement may be limited by bankruptcy, insolvency, and other general equitable principles).
