ELA Documents definition

ELA Documents means, with respect to an Eligible Loan Asset, the documents specified in Section 4.02(j), together with any additional documents and information required to be delivered to the Administrative Agent or the Lenders or their designee (including the Custodian) pursuant to this Agreement (including the ELA Schedule with respect to such Eligible Loan Asset).
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Examples of ELA Documents in a sentence

  • Any ELA Documents not delivered to the Custodian are being held in trust by the Borrower or its designee for the benefit of the Administrative Agent.

  • The ELA Documents require the related Mortgaged Property to comply in all material respects with all applicable laws and ordinances.

  • The related ELA Documents require the borrower to materially comply with all Environmental Laws.

  • The related Mortgage or other ELA Documents require the Mortgagor to pay all reasonable costs incurred by the lender relative to such transfer or encumbrance.

  • The related ELA Documents require the Mortgagor to keep all material licenses, permits and authorizations necessary for its operation of the Mortgaged Property in full force and effect and to be qualified to do business in the jurisdiction in which the related Mortgaged Property is located.

  • Each related Mortgaged Property is also covered, and is required to be covered pursuant to the related ELA Documents, by business interruption or rental loss insurance which (subject to a customary deductible) covers a period of not less than 12 months (or if such Mortgage Loan is on a single asset with a principal balance of $35 million or more, 18 months).

  • None of the ELA Documents permits the related Mortgaged Property to be encumbered without the prior written consent of the holder of the related Senior Loan, by any lien securing the payment of money junior to or of equal priority with, or superior to, the lien of the related Mortgage (other than contested taxes, assessments and mechanic’s and materialmen’s liens that become due after the Pledge Date of such Participation Interest).

  • With respect to the Participation Interest and the related Senior Loan, there is no valid offset, defense, counterclaim or right of rescission available with respect to any of the related Mortgage Notes, Mortgages or other ELA Documents, except in each case, with respect to enforceability, the Standard Qualifications.

  • The ELA Documents for such Senior Loan contain provisions comparable to those customary for loans secured by mortgaged properties similarly situated that render the rights and remedies of the holder thereof adequate for the practical realization against the Mortgaged Property of the principal benefits of the security intended to be provided thereby, including realization by judicial or, if applicable, non-judicial foreclosure subject to the Standard Qualifications.

  • The Borrower has made available to the Administrative Agent and the Lenders for inspection, with respect to such Senior Loan, true, correct and complete copies of the ELA Documents.

Related to ELA Documents

  • RFP Documents means the following documents to be entered into by the parties to the respective agreements in connection with the supply of power:

  • Financing Documents means, collectively, this Agreement, the Note, the Security Documents, the Account Control Agreement and any other agreements, documents or certificates delivered pursuant hereto or thereto.

  • Equity Documents means collectively the documents evidencing subscription to Equity to the extent of equity component of cost of the Project.

  • DIP Documents means the DIP ABL Documents and the DIP Term Loan Documents.

  • Debt Financing Documents means any credit agreements, note purchase agreements, indentures, guarantees, pledge and security documents, definitive financing documents, agreements, schedules or other certificates or documents contemplated by the Debt Financing.