Existing Senior Loan definition
Examples of Existing Senior Loan in a sentence
No MARC Entity or Affiliate thereof owns, directly or indirectly, any material interest in any Existing Senior Loan.
Funds for (i) refinancing of the Existing Senior Loan, (ii) repayment of the Intercompany Loan, and (iii) payment of all fees, expenses and costs payable or incurred with respect to (i) or (ii).
Upper Holdings indirectly beneficially owns all of the issued and outstanding Equity Securities of Buyer free and clear of any Liens (other than transfer restrictions arising under applicable securities Laws or pursuant to the Existing Senior Loan Agreement or any Third Party Debt Financing).
That financial accommodation includes the financial accommodation which is governed by the Existing Senior Loan Agreements.
Upper Holdings will directly or indirectly beneficially own as of the Closing all of the issued and outstanding Equity Securities of the UK Local Buyer, free and clear of any Liens, except (i) restrictions on transfer arising under applicable securities Laws or (ii) pursuant to the Existing Senior Loan Agreement or any Third Party Debt Financing.
The transactions to be consummated on the applicable Closing Date will not create a breach or default of any agreement, rule, regulation, or ordinance to which a MARC Principal, MARC Entity or First Union is party or subject unless the necessary consents have been obtained or waived, except for any breach or default under an Existing Senior Loan caused solely by the transactions contemplated hereby, which are hereby waived by the MARC Principals.
At any time, from time to time, after the date occurring sixty (60) days after the date of the damage, Tenant may request that Landlord inform Tenant of Landlord’s reasonable opinion of the date of completion of the repairs and Landlord shall respond to such request within five (5) business days.
The transactions to be consummated on the applicable Loan Advance Date will not create a breach or default of any agreement, rule, regulation, or ordinance to which a MARC Principal, a MARC Borrower or First Union is party or subject unless the necessary consents have been obtained or waived, except for any breach or default under an Existing Senior Loan caused solely by the transactions contemplated hereby, which are hereby waived by First Union.
Increased or decreased, as the case may be, to the extent that on the Initial Closing Date the outstanding principal balance on the Existing Senior Loan for the applicable Group A Property is less or more than the amount of set forth on Schedule 9.15.6 hereto for such Group A Property.
The holder of the Existing Senior Loan shall have consented to the transactions contemplated hereby and the transactions to be consummated on the Loan Advance Date will not create a breach or default of any agreement, rule, regulation, or ordinance to which the Borrower, the Property Owner or the First Union Lender is party or subject unless the necessary consents have been obtained or waived.