Liens on Property. Except as otherwise provided in this Agreement or in any other Loan Documents, Borrower shall not cause or suffer to become effective any lien, restriction or other title limitation affecting any part of the Property other than (i) the Permitted Encumbrances, and (ii) real estate taxes and assessments not delinquent. Upon request of Administrative Agent, Borrower shall provide to Administrative Agent written evidence of the payment of all real estate taxes on or before such taxes become delinquent.
Appears in 3 contracts
Samples: Syndicated Term Loan Agreement (Strategic Storage Trust VI, Inc.), Syndicated Term Loan Agreement (Strategic Storage Trust VI, Inc.), Syndicated Term Loan Agreement (Strategic Storage Trust IV, Inc.)
Liens on Property. Except as otherwise provided in this Agreement or in any other Loan DocumentsAgreement, Borrower shall not cause or suffer to become effective any lien, restriction or other title limitation affecting any part of the Property other than (i) the Security Instrument, the Assignment of Leases and the Permitted Encumbrances, and (ii) real estate and personal property taxes and assessments not delinquent. Upon request of Administrative Agent, Borrower shall provide to Administrative Agent Lender written evidence of the payment of all real estate and personal property taxes on or before such taxes become delinquent.
Appears in 2 contracts
Samples: Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Liens on Property. Except as otherwise provided in this Agreement or in any other Loan DocumentsAgreement, Borrower shall not cause or suffer to become effective any lien, restriction or other title limitation affecting any part of the Property other than (i) the Security Instrument, the Assignment of Leases and the Permitted Encumbrances, and (ii) real estate and Personal Property taxes and assessments not delinquent. Upon request of Administrative Agent, Borrower shall provide to Administrative Agent Lender written evidence of the payment of all real estate and Personal Property taxes on or before such taxes become delinquent.
Appears in 1 contract
Samples: Construction Loan Agreement (CNL Growth Properties, Inc.)
Liens on Property. Except as otherwise provided in this Agreement or in any other Loan Documents, Borrower shall not cause or suffer to become effective any lien, restriction or other title limitation affecting any part of the Property other than (i) the Permitted Encumbrances, and (ii) real estate taxes and assessments not delinquent. Upon request of Administrative Agent, Borrower Bxxxxxxx shall provide to Administrative Agent written evidence of the payment of all real estate taxes on or before such taxes become delinquent.
Appears in 1 contract
Samples: Syndicated Term Loan Agreement (Strategic Storage Trust VI, Inc.)
