Law; Judgments; Material Agreements; Approvals and Permits. Borrower must comply with all laws, ordinances, regulations, and rules (federal, state, and local) and all judgments, orders, and decrees of any arbitrator, other private adjudicator, or Governmental Authority relating to Borrower, the Hotel, or the other assets, business, operations, or property of Borrower. Borrower must comply with all material agreements, documents, and instruments to which Borrower is a party or by which Borrower, the Hotel, or any of the other assets or property of Borrower are bound or affected. Borrower may not cancel or terminate any such agreements, documents or instruments if to do so would likely result in a Material Adverse Change. Borrower must comply with all Requirements (including, without limitation, as applicable, requirements of the Federal Aviation Administration and all conditions and requirements of all Approvals and Permits). Borrower must obtain and maintain in effect from time to time all Approvals and Permits required for the operation and management of the Hotel and the business activities and operations then being conducted by Borrower. Borrower must immediately provide Lender with written notice and explanation of any litigation involving Borrower in which the amount in dispute exceeds $250,000.00. In the event of any dispute that, in the good faith opinion of Xxxxxx, is likely to result in a Material Adverse Change or the failure of any condition precedent or covenant herein, Xxxxxx may agree to make Advances for the account of Borrower without prejudice to Xxxxxxxx’s rights, if any, to recover such funds from the party to whom paid. Such agreement or agreements may take any form that Lender considers proper. All sums paid or agreed to be paid pursuant to such agreement must be for the account of Borrower and must be charged as an Advance.
Law; Judgments; Material Agreements; Approvals and Permits. Except for normal construction corrections occasioning temporary noncompliance which are corrected by Borrower with diligence and without substantial expense, Borrower will comply with all laws, ordinances, regulations, and rules (federal, state, and local) and all judgments, orders, and decrees of any arbitrator, other private adjudicator, or Governmental Authority relating to Borrower, any Approved Subdivisions, any Eligible Lots, or any Units or the other assets, business, or operations of Borrower. Borrower will comply in all material respects with all material agreements, documents, and instruments to which Borrower is a party or by which Borrower, any Approved Subdivisions, any Eligible Lots or any Units, or any of the other assets of Borrower are bound or affected. Borrower will comply with all Requirements (including, without limitation, as applicable, requirements of the Federal Housing Administration and the Veterans Administration) and all conditions and requirements of all Approvals and Permits. Borrower, at Borrower's expense, will obtain and maintain in effect from time to time all Approvals and Permits required for the business activities and operations then being conducted by Borrower and as may be required to enable it to comply with its obligations hereunder and under the other Loan Documents.
Law; Judgments; Material Agreements; Approvals and Permits. Borrower agrees that Borrower will comply, and cause Subsidiary Guarantors to comply, in all material respects, with all laws, ordinances, regulations, and rules (federal, state, and local) and all judgments, orders, and decrees of any arbitrator, other private adjudicator, or Governmental Authority relating to Borrower, Subsidiary Guarantors, the Collateral or the other assets, business, or operations of Borrower and Subsidiary Guarantors. Borrower also agrees to comply and cause Subsidiary Guarantors to comply, in all material respects with all material agreements, documents, and instruments to which Borrower or any Subsidiary Guarantor is a party or by which Borrower, Subsidiary Guarantors, or the Collateral, or any of the other assets of Borrower and Subsidiary Guarantors are bound or affected. Borrower also agrees to comply and cause Subsidiary Guarantors to comply, in all material respects, with all Requirements and all conditions and requirements of all Approvals and Permits. Borrower, at its expense, will obtain and maintain in effect from time to time all Approvals and Permits required for the business activities and operations then being conducted by Borrower and Subsidiary Guarantor and as may be required to enable them to comply with its obligations hereunder and under the other Loan Documents.
Law; Judgments; Material Agreements; Approvals and Permits. Borrower will comply with all laws, ordinances, regulations and rules (federal, state and local) and all judgments, orders and decrees of any arbitrator, other private adjudicator, or Governmental Authority relating to Borrower or its respective assets, businesses or operations and Borrower will comply in all material respects with all material agreements, documents and instruments to which Borrower is a party or by which Borrower is bound or affected. Borrower agrees that, except for normal construction corrections occasioning temporary noncompliance which are corrected by Borrower with diligence and without substantial expense, Borrower will comply with all laws, ordinances, regulations, and rules (federal, state, and local) and all judgments, orders, and decrees of any arbitrator, other private adjudicator, or Governmental Authority relating to Borrower, any Approved Subdivisions (and any Lots and Units contained therein), any other Collateral or the other assets, business, or operations of Borrower. Borrower shall comply in all material respects with all material agreements, documents, and instruments to which Borrower is a party or by which Borrower, or any Approved Subdivisions (and any Lots or any Units contained therein), or any of the other assets of Borrower, are bound or affected. Borrower shall also comply with all Requirements (including, without limitation, as applicable, requirements of the Federal Housing Administration and the Veterans Administration) and all conditions and requirements of all Approvals and Permits. Borrower, at its own respective expense, will obtain and maintain in effect from time to time all Approvals and Permits required for the business activities and operations then being conducted by Borrower and as may be required to enable it to comply with its obligations hereunder and under the other Loan Documents.
Law; Judgments; Material Agreements; Approvals and Permits. Borrower shall comply with all laws, ordinances, regulations, and rules (federal, state, and local) and all judgments, orders, and decrees of any arbitrator, other private adjudicator, or Governmental Authority relating to Borrower or the assets, business, operations, or property of Borrower. Borrower shall comply in all material respects with all material agreements, documents, and instruments to which Borrower is a party or by which Borrower or any of the assets or property of Borrower is bound or affected.
Law; Judgments; Material Agreements; Approvals and Permits. Borrower shall comply with all laws, ordinances, regulations, and rules (federal, state, and local), including all Controlled Substances Laws, and all judgments, orders, and decrees of any official arbitrator, or Governmental Entity relating to Borrower, the Collateral, or the assets, business, operations, or property of Borrower. Borrower shall comply in all material respects with all material agreements, documents, and instruments to which Borrower is a party or by which Borrower, the Project, or any of the other assets or property of Borrower is bound or affected. Borrower shall comply with all requirements contained in or required under any Covenants and all conditions and requirements of all Approvals and Permits. Borrower shall obtain and maintain in effect from time to time all Approvals and Permits required for the business activities and operations then being conducted by Borrower in the Project.
Law; Judgments; Material Agreements; Approvals and Permits. Borrower agrees that Borrower will comply with, and cause each of Borrower’s Subsidiaries to comply with, in all material respects, with all laws, ordinances, regulations, and rules (federal, state, and local) and all judgments, orders, and decrees of any arbitrator, other private adjudicator, or Governmental Authority relating to Borrower or any Subsidiary of Borrower or any Real Estate Inventory, except in circumstances in which such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted. Borrower also agrees to comply with, and cause each of Borrower’s Subsidiaries to comply with, all material agreements, documents, and instruments to which Borrower or any Subsidiary of Borrower, is a party or by which Borrower or any Subsidiary of Borrower are bound or affected. Borrower will obtain and maintain in effect, and cause each Subsidiary of Borrower to obtain and maintain in effect, from time to time all Approvals and Permits required for the business activities and operations then being conducted by Borrower and its Subsidiaries and as may be required to enable Borrower and its Subsidiaries to comply with their respective obligations hereunder and under the other Loan Documents, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Change.
Law; Judgments; Material Agreements; Approvals and Permits. Borrower shall comply with all laws, ordinances, regulations, and rules (federal, state, and local) and all judgments, orders, and decrees of any arbitrator, other private adjudicator, or Governmental Authority relating to Borrower, the Project, or the other assets, business, operations, or property of Borrower. Borrower shall comply with all material agreements, documents, and instruments to which Borrower is a party or by which Borrower, the Project, or any of the other assets or property of Borrower are bound or affected. Borrower shall not cancel or terminate any such agreements, documents or instruments if to do so could result in a Material Adverse Change. Borrower shall comply with all Requirements (including, without limitation, as applicable, requirements of the Federal Housing Administration and the Veterans Administration) and all conditions and requirements of all Approvals and Permits. Borrower shall obtain and maintain in effect from time to time all Approvals and Permits required for the development and marketing of the Project and the business activities and operations then being conducted by Borrower.
Law; Judgments; Material Agreements; Approvals and Permits. Borrower and each Subsidiary shall comply in all material respects with all laws, ordinances, regulations, and rules (federal, state, and local) (including those relating to environmental matters) and all final (i.e., after all appeal times have expired) judgments, orders, and decrees of any arbitrator, other private adjudicator, or Governmental Authority relating to Borrower or any Subsidiary, or the assets, business, operations, or property of Borrower or any Subsidiary, as applicable. Borrower and each Subsidiary shall comply in all material respects with all material agreements, documents, and instruments to which Borrower and each Subsidiary is a party or by which Borrower and each Subsidiary, or any of the assets or property of Borrower and each Subsidiary is bound or affected. Borrower and each Subsidiary shall comply in all material respects with all conditions and requirements of all Approvals and Permits. Borrower and each Subsidiary shall obtain and maintain in effect from time to time all Approvals and Permits required for the business activities and operations then being conducted by Borrower and each Subsidiary.
Law; Judgments; Material Agreements; Approvals and Permits. Borrower shall comply in all material respects with all laws, ordinances, regulations, and rules (federal, state, and local) and all judgments, orders, and decrees of any arbitrator, other private adjudicator, or Governmental Authority relating to Borrower, the Project, or the assets, business, operations, or property of Borrower. Borrower shall comply in all material respects with all material agreements, documents, and instruments to which Borrower is a party or by which Borrower or the Project is bound or affected. Borrower shall comply in all material respects with all conditions and requirements of all Approvals and Permits. Borrower shall obtain and maintain in effect from time to time all Approvals and Permits required for the business activities and operations then being conducted by Borrower in the Project.
