Examples of Asset Guarantor in a sentence
There has been no material adverse change in the financial condition of Borrower, any Asset Guarantor and/or Guarantor since the dates of the latest financial statements furnished to Lender and, except as otherwise disclosed to Lender in writing, Borrower has not entered into any material transaction which is not disclosed in such financial statements.
Borrower and/or the applicable Asset Guarantor has obtained, and at all times shall have obtained all permits, licenses, exemptions, and approvals necessary to own, construct, occupy, operate, service and market (as the case may be) the Assets in accordance with the Approved Budget (as applicable) and the Loan Documents, and shall maintain compliance with all Applicable Laws.
Lender shall have received originally signed and dated financial statements, balance sheets, and tax returns from Borrower, Guarantor and each Asset Guarantor, and any other financial information relating to the Assets requested by Lender, including, without limitation, income and expense statements.
Borrower shall promptly provide Lender with copies of any amendments or modifications of the formation or organizational documents of Borrower, each Asset Guarantor and any Guarantor.
Borrower and/or the applicable Asset Guarantor shall promptly execute, acknowledge, and deliver such additional agreements, documents, and instruments and do or cause to be done such other acts as Lender may reasonably request from time to time to better assure, preserve, protect, and perfect the interest of Lender in the Collateral and the rights and remedies of Lender under the Loan Documents.
Neither Borrower nor any Asset Guarantor shall commence any foreclosure or other remedial action without Lender’s prior written consent and neither Borrower nor any Asset Guarantor shall consummate any foreclosure or other remedies under any of the Asset Loan Documents without Lender’s prior written consent.
Such Real Property is improved with one or more completed warehouse/distribution buildings that are used as dry and/or cold storage facilities and such improvements are owned by a Designated Borrower or a Qualified Asset Guarantor or, in the case where such Real Property is located in a Specified Jurisdiction other than the United States, a Wholly-Owned, direct Foreign Subsidiary of a Qualified Asset Guarantor.
Except as set forth on Schedule 3 attached hereto, there are no claims, actions, suits, or proceedings pending, or to Borrower’s knowledge threatened, against Borrower, any Asset Guarantor or any Guarantor affecting any Asset.
Borrower shall have disclosed to Lender, and Lender shall have approved, all fees, commissions and other amounts (collectively, "Affiliate Fees") which have been or will be reimbursed or paid to or paid on behalf of Borrower, any Guarantor, any Asset Guarantor or any Affiliate thereof in connection with the financing of the Assets.
Borrower, each Asset Guarantor and Guarantor shall comply with any and all existing and future Applicable Laws, including, without limitation, all Prescribed Laws.