Examples of CUP Agreement in a sentence
This Agreement, the other Loan Documents and the CUP Agreement and the other documents contemplated thereby represent the agreement of the Borrower and the Lender with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the Borrower and the Lender relative to subject matter hereof not expressly set forth or referred to herein or therein.
All payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal, interest or otherwise, shall be made without offset or counterclaim except as permitted by Section 9.5 of the CUP Agreement and shall be made prior to 11:00 A.M., Nevada time, on the due date thereof to the Lender, at the Lender’s office set forth on the signature page hereto, in Dollars and in immediately available funds.
The direct and indirect ownership structure of the Capital Stock of the Borrower and each Guarantor shall at all times remain as of the 1A Closing Date except for such changes as are contemplated by the CUP Agreement or, after the Second Closing, as are permitted under the Company Amended Operating Agreement or the Omnibus Management Agreement.
The Lender agrees, on the terms and conditions hereinafter set forth, to make the Loan to the Borrower on the 1A Closing Date, subject to the satisfaction or wavier, at or prior to the 1A Closing Date, of the conditions set forth in Sections 5.1(a) and 5.2(a) of the CUP Agreement.
The Borrower and each Guarantor shall not enter into any merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease, assign, transfer or otherwise dispose of, all or substantially all of its property, business or assets, except as contemplated by the CUP Agreement.
The Borrower and each Guarantor shall (a) comply in all material respects with all Laws, (b) perform all obligations under all Contracts to which the Borrower or any Guarantor is a party in all material respects, and (c)(i) preserve, renew and keep in full force and effect its organizational existence and (ii) take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the ordinary course of its business, except as permitted by the CUP Agreement or Section 6.5.
Licensor is attempting to obtain a copy of the CUP and determine whether Licensor or Xxxx can remove the CUP and CUP Agreement from title to the Property or otherwise mitigate the adverse impacts caused thereby.
Before a conditional use can be transferred to a new owner, the new owner must execute a CUP Agreement in substantially the same form as the original CUP Agreement, as approved by the City.
The Loan, along with all accrued but unpaid interest thereon, (a) may not be prepaid prior to the earlier of the Second Closing or Termination of the CUP Agreement, and (b) may be prepaid in whole or in part at the option of the Borrower at any time after any of the events set forth in clause (a) upon at least five (5) Business Days’ prior written notice to the Lender.
Under no circumstance shall a Certificate of Occupancy be issued by the Building Official for any structures associated with the CUP until the CUP Agreement has been executed and recorded, and any prerequisite conditions have been met.