Advance Documents definition
Examples of Advance Documents in a sentence
Borrower hereby acknowledges the receipt of a copy of the Agreement, the Note, the Collateral Pledge Agreement, this Amendment and all other Advance Documents.
Each Obligor agrees that nothing in the Agreement or the Advance Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and such Obligor, its stockholders or its affiliates, on the other.
Each Borrower will not seek to control or influence how, when or whether any Lender will make any “purchases or sales” (within the meaning of Rule 10b5-1(c)(1)(i)(B)(3) under the Exchange Act) under any Advance entered into under this Agreement, including any Lender’s decision to enter into any hedging transactions or to conduct foreclosure sales of any shares of Pledged Shares made in accordance with the terms of the Advance Documents.
Compliance by Borrower with the requirements of the HUD Section 202 program during the term of the HUD Capital Advance Documents shall be deemed to satisfy the requirements of this Section, and in the event of a conflict, HUD requirements shall prevail.
Notwithstanding the foregoing, during the term of the HUD Capital Advance Documents, the interest rate shall not exceed the HUD Default Rate.
If, and only if, the Project does receive HUD funding, the following provisions shall apply for the term of the HUD Capital Advance Documents, as defined in the Loan Agreement.
The Issuer shall, or shall cause the Receivables Seller and the Loan Originator (as applicable) to, provide the Initial Noteholder with copies of all reports, notices, statements and certificates delivered under the Advance Documents or the Loan Documents relating to the Residual Securities, and any other information that the Initial Noteholder shall reasonably request.
A draft of any proposed amendment, supplement, waiver or other modification to any of the HBO Subordinated Debt Documents or Universal Advance Documents shall be furnished to the Administrative Agent no later than five Business Days prior to the proposed effective date thereof.
Effective upon CBC’s delivery to Creditor of the Settlement Shares in satisfaction of the amount of the Effective Date Advance Balance, each of Creditor and CBC agrees that it shall not file suit or initiate legal proceedings against any person for events occurring prior to the date of this Agreement for the collection of the Creditor Advance or any claim for relief arising under the Advance Documents or the obligation evidenced thereby.
Provided that the Borrower is in full compliance with this Agreement and with the terms of the HUD Capital Advance Documents, this Loan shall automatically convert to permanent financing for the Project, using the same terms and conditions outlined herein.