Common use of Other Financial Covenants Clause in Contracts

Other Financial Covenants. (i) Guarantor covenants and agrees to act, in all respects, in good faith with respect to the obligations and covenants described in this Section 3.9 and all calculations required hereunder. Guarantor further agrees to promptly respond to any inquiries made by Lender or its agent with respect to Guarantor's ongoing compliance with the financial covenants described in this Section 3.9 or with respect to documentation with respect thereto. The failure of Guarantor, at any time, to satisfy the foregoing financial covenants shall constitute a default hereunder and under the other Loan Documents. GUARANTY AGREEMENT (CARVEOUT) – Page 13 667146; Miami-Dade County, Florida

Appears in 1 contract

Samples: Guaranty Agreement (Owens Realty Mortgage, Inc.)

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Other Financial Covenants. (i) Guarantor covenants and agrees to act, in all respects, in good faith with respect to the obligations and covenants described in this Section 3.9 and all calculations required hereunder. Guarantor further agrees to promptly respond to any inquiries made by Lender or its agent with respect to Guarantor's ongoing compliance with the financial covenants described in this Section 3.9 or with respect to documentation with respect thereto. The failure of Guarantor, at any time, to satisfy the foregoing financial covenants shall constitute a default hereunder and under the other Loan Documents. GUARANTY AGREEMENT (CARVEOUTCOMPLETION) – Page 13 66714611 641933; Miami-Dade County, Florida

Appears in 1 contract

Samples: Guaranty (Owens Realty Mortgage, Inc.)

Other Financial Covenants. (i) Guarantor covenants and agrees to act, in all respects, in good faith with respect to the obligations and covenants described in this Section 3.9 and all calculations required hereunder. Guarantor further agrees to promptly respond to any inquiries made by Lender or its agent with respect to Guarantor's ongoing compliance with the financial covenants described in this Section 3.9 or with respect to documentation with respect thereto. The failure of Guarantor, at any time, to satisfy the foregoing financial covenants shall constitute a default hereunder and under the other Loan Documents. GUARANTY AGREEMENT (CARVEOUTREPAYMENT) – Page 13 66714610 667163; Miami-Dade County, Florida

Appears in 1 contract

Samples: Guaranty (Owens Realty Mortgage, Inc.)

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Other Financial Covenants. (i) Guarantor covenants and agrees to act, in all respects, in good faith with respect to the obligations and covenants described in this Section 3.9 and all calculations required hereunder. Guarantor further agrees to promptly respond to any inquiries made by Lender or its agent with respect to Guarantor's ongoing compliance with the financial covenants described in this Section 3.9 or with respect to documentation with respect thereto. The failure of Guarantor, at any time, to satisfy the foregoing financial covenants shall constitute a default hereunder and under the other Loan Documents. GUARANTY AGREEMENT (CARVEOUT) – Page 13 667146641939; Miami-Dade County, Florida

Appears in 1 contract

Samples: Guaranty (Owens Realty Mortgage, Inc.)

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