Examples of Borrower Operating Agreement in a sentence
Permit any amendment to any Borrower Operating Agreement or any Material Agreement, if such amendment could reasonably be expected to have a Material Adverse Effect.
Permit any amendment to any Material Agreement or the Partnership Agreement (MLP) if such amendment could reasonably be expected to materially adversely affect the Lenders; permit any assignment of any Material Agreement if such assignment could reasonably be expected to materially adversely affect the Lenders; or permit any Unauthorized Assignment of any Borrower Operating Agreement.
Subject to the terms of the Borrower Operating Agreement, any surplus shall be paid to Borrowers or other Persons legally entitled thereto; provided, that Borrowers shall remain liable to Lender for any deficiency.
Pledgor has delivered to Lender true and correct copies of the Mortgage Borrower Operating Agreement and all other Organizational Documents for the Mortgage Borrower, Mortgage Principal, Pledgor and Principal, all of which are in full force and effect.
A copy of the Borrower Operating Agreement, the Logistic Acquisition Operating Agreement, the limited liability company agreement and/or operating agreement (in the case of a limited liability company), and the bylaws (in the case of a corporation) of each of the other Credit Parties certified by the manager (in the case of a limited liability company) or a secretary or assistant secretary (in the case of a corporation) as of the Closing Date to be true and correct and in force and effect as of such date.