Procedure for Adding Collateral. The procedure for adding Collateral contained in this Section 3.02 shall apply to all additions of Collateral.
Procedure for Adding Collateral. The procedure for adding Collateral set forth in this Section 6.02 shall apply to all additions of Collateral in connection with this Agreement, including but not limited to additions of Collateral in connection with substitutions of Collateral and expansion of the Credit Facility.
Procedure for Adding Collateral. The procedure for adding ------------------------------- Collateral set forth in this Section 6.02 shall apply to all additions of Collateral in connection with this Agreement, including but not limited to additions of Collateral in connection with substitutions of Collateral and expansion of the Credit Facility.
Procedure for Adding Collateral. The procedure for adding Multifamily Residential Properties to the Collateral Pool contained in this Section 3.02 shall apply to all additions of Mortgaged Property including, but not limited to, additions of Mortgaged Property in connection with substitutions of Mortgaged Property.
Procedure for Adding Collateral. 11 SECTION 3.03. Right to Obtain Releases of Collateral................................................... 12 SECTION 3.04. Procedure for Obtaining Releases of Collateral........................................... 12 SECTION 3.05.
Procedure for Adding Collateral. 38 SECTION 6.03 CONDITIONS PRECEDENT TO ADDITION OF AN ADDITIONAL MORTGAGED PROPERTY TO THE COLLATERAL POOL ................. 40 ARTICLE VII ................................................................ 41 SECTION 7.01 RIGHT TO OBTAIN RELEASES OF COLLATERAL .................... 41 SECTION 7.02 PROCEDURE FOR OBTAINING RELEASES OF COLLATERAL ............ 41 SECTION 7.03 CONDITIONS PRECEDENT TO RELEASE OF COLLATERAL RELEASE PROPERTY FROM THE COLLATERAL .............................. 42 SECTION 7.04 SUBSTITUTIONS ............................................. 43 ARTICLE VIII ............................................................... 47 SECTION 8.01
Procedure for Adding Collateral. 6 Section 3.04. Right to Obtain Releases of Collateral. 7 Section 3.05. Procedure for Obtaining Releases of Collateral. 8 Section 3.06. Substitutions. 9 ARTICLE 4 INCREASE OF CREDIT FACILITY 12 Section 4.01. Right to Increase Commitment. 12 Section 4.02. Procedure for Obtaining Increases in Commitment. 12 Section 4.03. Closing. 12 ARTICLE 5 CONDITIONS PRECEDENT TO ALL REQUESTS 12 Section 5.01. Conditions Applicable to All Requests. 12 Section 5.02. Conditions Precedent to Initial Advance. 14 Section 5.03. Conditions Precedent to Future Advances. 14 Section 5.04. Conditions Precedent to Addition of an Additional Mortgaged Property to the Collateral Pool. 15 Section 5.05. Conditions Precedent to Release of Property from the Collateral Pool. 16 Section 5.06. Conditions Precedent to Increase in Commitment. 17 Section 5.07. Delivery of Opinion Relating to Advance Request, Addition Request or Expansion Request. 17 Section 5.08. Delivery of Property-Related Documents. 17 ARTICLE 6 REPRESENTATIONS AND WARRANTIES 18 Section 6.01. Representations and Warranties of Borrower. 18 Section 6.02. Representations and Warranties of Lender. 18 ARTICLE 7 AFFIRMATIVE COVENANTS OF BORROWER 19 Section 7.01. Compliance with Agreements. 19 Section 7.02. Maintenance of Existence. 19 Section 7.03. Financial Statements; Accountants’ Reports; Other Information. 19 Section 7.04. Certificate of Compliance. 20 Section 7.05. Alterations to the Mortgaged Properties. 20 Section 7.06. Loan Document Taxes. 21 Section 7.07. Further Assurances. 21 Section 7.08. Transfer of Ownership Interests in Borrower. 22 Section 7.09. Transfer of Ownership of Mortgaged Property. 22 Section 7.10. Change in Senior Management. 22 Section 7.11. Liquidity and Net Worth Tests. 22 ARTICLE 8 NEGATIVE COVENANTS OF BORROWER 22 Section 8.01. Other Activities. 22 Section 8.02. Indebtedness. 22 Section 8.03. Principal Place of Business. 23 Section 8.04. Restrictions on Distributions. 23 Section 8.05. Changes to Operating Leases. 23 Section 8.06. Alzheimer’s Beds. 23 ARTICLE 9 FEES 23 Section 9.01. Origination Fees. 23 Section 9.02. Due Diligence Fees. 24 Section 9.03. Legal Fees and Expenses. 24 Section 9.04. Failure to Close any Request. 25 ARTICLE 10 EVENTS OF DEFAULT 25 Section 10.01. Events of Default. 25 ARTICLE 11 REMEDIES 27 Section 11.01. Remedies; Waivers. 27 Section 11.02. Waivers; Rescission of Declaration. 27 Section 11.03. Lender’s Right to Protect Collateral and Perform Covenants and Other Obligations. 28 ...
Procedure for Adding Collateral. 43 SECTION 6.02(a) Request....................................................................43 SECTION 6.02(b) Additional Information.....................................................44 SECTION 6.02(c) Underwriting...............................................................44 SECTION 6.02(d) Closing....................................................................44 SECTION 6.03. Conditions Precedent to Addition of an Additional Mortgaged Property to the Collateral Pool ................................................45 SECTION 6.04.
Procedure for Adding Collateral. 39 SECTION 6.03 Conditions Precedent to Addition of an Additional Mortgaged Property to the Collateral Pool........................................................................41
Procedure for Adding Collateral. 9 Section 3.03. Right to Obtain Releases of Collateral 10 Section 3.04. Procedure for Obtaining Releases of Collateral 10 Section 3.05. Substitutions 12
