Examples of Assumed Loans in a sentence
Assumed Loans Section 515 loans may be assumed in conjunction with the transfer of ownership of the property.
In addition, at or before the Closing, the Contributors shall have caused each Lender related to the Assumed Loans to have released the Contributors and each of their affiliates (other than the Partnerships or their subsidiaries) from any liability in respect of obligations first arising on or after the Closing Date pursuant to any recourse obligations, guarantees, indemnification agreements, letters of credit posted as security or other similar obligations under the respective Existing Loan Documents.
At Closing, each Assumption Seller shall assign to Purchaser all of its right, title and interest in all reserves, impounds and other accounts required to be maintained in connection with the Assumed Loans.
Each of the Assumed Loans is evidenced by a Note executed by such Assumption Seller, as borrower, and payable to the order of the applicable Assumption Lender (as set forth on the Seller Information Schedule).
Assumed Loans.................................................................................