Remedies Concerning Organization Interest Sample Clauses

Remedies Concerning Organization Interest. Pledgor agrees that from and after the occurrence of an Event of Default any and all (i) distributions, in cash or in kind, of the Borrower that would otherwise be made to Pledgor (including, but not limited to, any and all such distributions that would otherwise be made to Pledgor out of (a) the operating revenues of the Borrower, (b) the proceeds of the sale of, or the refinancing of any mortgage loan on any property owned by the Borrower, and/or (c) the proceeds of the liquidation of the assets [or the assets themselves, in the case of a distribution of kind] of the Borrower made in connection with, as a result of or pursuant to the dissolution of the Borrower), and (ii) other payments by the Borrower of every kind or nature that would otherwise be made to Pledgor, shall be paid to Bank instead. Bank may, at its option, (i) apply such amounts to the Liabilities, whether matured or unmatured, (ii) hold such amounts as part of the Collateral, or (iii) invest such amounts in any obligations of the United States government or any instrumentality thereof or in certificates of deposit issued by, or interest bearing accounts with, any national or state chartered bank or savings and loan association, hereinafter collectively referred to as “Permitted Investments,” and hold such Permitted Investments as part of the Collateral, in which event all payments on such Permitted Investments, including, but not limited to, principal and interest payments, shall be held by Bank as part of the Collateral or Bank may apply such payments to the Liabilities, or may reinvest such payments in a Permitted Investment, in which event the provisions contained in this Section 12 relating to Permitted Investments and the disposition of payment thereon shall apply with respect to such reinvestments. The risk of loss with respect to such Permitted Investments shall be on Pledgor, and Pledgor shall have the liability for any income or other taxes payable in respect of any payments on such Permitted Investments. Notwithstanding the foregoing, Bank may, at its option, deliver any such distributions or payments to Pledgor.
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Related to Remedies Concerning Organization Interest

  • Information Concerning the Company Buyer has conducted its own due diligence with respect to the Company and its liabilities and believes it has enough information upon which to base an investment decision in the Stock. Buyer acknowledges that Seller has made no representations with respect to the Company, its status, or the existence or non-existence of liabilities in the Company except as explicitly stated in this Agreement. Buyer is taking the Company “as is” and acknowledges and assumes all liabilities of the Company.

  • Representations and Warranties Concerning the Mortgage Loans The Indenture Trustee, as pledgee of the Mortgage Loans, has the benefit of the representations and warranties made by the Seller in Section [____] and Section [____] of the Mortgage Loan Purchase Agreement concerning the Mortgage Loans and the right to enforce the remedies against the Seller provided in such Section [____] or Section [____] to the same extent as though such representations and warranties were made directly to the Indenture Trustee.

  • Representations and Warranties Concerning the Depositor The Depositor hereby represents and warrants to the Trustee, the Master Servicer and the Securities Administrator as follows:

  • Representations and Warranties Concerning Collateral, Etc The Company further represents and warrants to the Secured Party as follows: (a) the Company is the owner of or has other rights in or power to transfer the Collateral, free from any right or claim of any person or any adverse lien, except for the security interest created by this Agreement and the Permitted Liens, (b) none of the account debtors or other persons obligated on any of the Collateral is a governmental authority covered by the Federal Assignment of Claims Act or like federal, state or local statute or rule in respect of such Collateral, (c) the Company holds no commercial tort claim except as indicated on the Company's Perfection Certificate, (d) all other information set forth on the Company's Perfection Certificate pertaining to the Collateral is accurate and complete, and (e) there has been no change in any of such information since the date on which the Company's Perfection Certificate was signed by the Company.

  • Information Concerning Deposits at Bank (a) Under U.S. federal law, deposit accounts that the Customer maintains in Bank's foreign branches (outside of the U.S.) are not insured by the Federal Deposit Insurance Corporation. In the event of Bank's liquidation, foreign branch deposits have a lesser preference than U.S. deposits, and such foreign deposits are subject to cross-border risks.

  • Information Concerning Company The Reports contain all material information relating to the Company and its operations and financial condition as of their respective dates which information is required to be disclosed therein. Since the date of the financial statements included in the Reports, and except as modified in the Other Written Information or in the Schedules hereto, there has been no material adverse change in the Company's business, financial condition or affairs not disclosed in the Reports. The Reports do not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances when made.

  • Representations and Warranties Concerning the Mortgage Loan Seller As of the date hereof and as of the Closing Date, the Mortgage Loan Seller represents and warrants to the Purchaser as to itself in the capacity indicated as follows:

  • REPRESENTATIONS AND WARRANTIES CONCERNING THE COMPANY The Company and Seller jointly and severally represent and warrant to the Purchaser that the statements contained in this Section 5 are correct and complete as of the date of this Agreement and will be correct and complete as of the Closing Date (as though made then and as though the Closing Date were substituted for the date of this Agreement throughout this Section 5).

  • Representations and Warranties Concerning the Transaction (a) Representations and Warranties of the Seller (b) Representations and Warranties of the Buyer

  • Information Concerning the Fund and SubAdviser From time to time as the Adviser or the Fund may request, the SubAdviser will furnish the requesting party information and reports on portfolio transactions and reports on Fund assets held in the portfolio, all in such detail, form and frequency as the Adviser or the Fund may reasonably request. The SubAdviser will also provide the Adviser with notice and analysis of events that may affect or relate to the valuation of the Fund’s portfolio.

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