Examples of Collateral Pool Properties in a sentence
Lender may furnish information regarding Borrower or the Collateral Pool Properties to third parties with an existing or prospective interest in the servicing, enforcement, evaluation, performance, purchase or securitization of the Loan, including, but not limited to, trustees, master servicers, special servicers, rating agencies, and organizations maintaining databases on the underwriting and performance of multifamily mortgage loans.
Except as disclosed to Lender in writing, Borrower has not claimed, nor does Borrower intend to claim a low income housing tax credit for any of the Collateral Pool Properties under Section 42 of the Internal Revenue Code of 1986, or any successor Section thereto.
The Borrower shall promptly deliver to the Agent a copy of each report pertaining to the Collateral Pool Properties or to the Borrower prepared by or on behalf of the Borrower pursuant to any Environmental Requirement.
Each of the Collateral Pool Properties satisfies all of the requirements under the Loan Documents for being an Eligible Property.
The Borrower shall comply, and shall take all reasonable and necessary steps to ensure that the Lessee complies, with all requirements of all franchise agreements affecting the use and operation of the Collateral Pool Properties, and shall promptly notify the Agent within ten (10) days of the Borrower learning of any default or alleged default under any such franchise agreement(s), or of any change therein which could have a Material Adverse Effect.
Upon any Default or Unmatured Default hereunder, the Agent may order new or updated appraisals on any Collateral Pool Properties selected by the Agent.
Borrower is a corporation, partnership, limited liability company, or real estate investment trust, duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization or formation, as the case may be, and Borrower has the lawful power to own or lease the Collateral Pool Properties and to engage in the business it presently conducts or proposes to conduct.
As of the date of this offering circular, our Series have acquired the royalty rights pursuant to the various TRIA agreements that our series have entered into with our Managing Member described in “The Underlying Assets Of Our Series” section of this offering circular.Emerging Growth CompanyUpon the completion of our initial offering, we may elect to become a public reporting Company under the Exchange Act.
On the date of this Agreement, the Borrower will have good title, free of all Liens other than Permitted Liens, to all of the Collateral Pool Properties as identified on Exhibits G and H.
Property Borrowers have good and marketable title to all Collateral Pool Properties and to all other assets which each purports to own or which are reflected as owned on its books and records, free and clear of all Liens and encumbrances except the Permitted Exceptions and such other Liens as are permitted pursuant to the Loan Documents.