Examples of Financed Properties in a sentence
Tax-Exempt Financed Properties: All tax-exempt financed properties will be subject to the same fee structure as indicated above, depending upon for-profit or non-profit sponsorship.
Plaza’s Underwriter must complete the Multiple Financed Properties Checklist for borrowers with multiple financed properties.
Promptly upon request of the Administrative Agent, the Borrowers shall post to the Administrative Agent’s online data room receipts evidencing payment of all Taxes due in respect of such sample of Financed Properties (by number) as may be reasonably requested by the Administrative Agent, which receipts shall be reviewed by the Diligence Agent to confirm that such Taxes have been paid on a timely basis.
The Borrowers will cooperate reasonably to enable the Diligence Agent to inspect such Financed Properties before they become occupied.
Each Loan Party shall qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Financed Properties, except to the extent that failure to do so could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
Each Loan Party shall, directly or through one or more Managers or other Subcontractors, continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, sale, management, leasing and operation of the Financed Properties.
Each Loan Party shall cause the Financed Properties to be operated by the Manager, in all material respects, in accordance with the Management Agreement.
Each Loan Party shall maintain and implement administrative and operating procedures (including an ability to recreate records regarding the Financed Properties in the event of the destruction of the originals thereof) and keep and maintain all documents, books, records and other information reasonably necessary for the collection of all Rents and other Collections and payments of its obligations, and in which timely entries are made in accordance with GAAP.
Subject to the rights of Tenants, the Loan Parties shall permit agents, representatives and employees of the Administrative Agent to inspect the Financed Properties and Pending Advance Properties or any part thereof at reasonable hours upon reasonable advance notice.
As soon as reasonably practicable, from time to time, such other information, documents, records or reports respecting the Financed Properties or the conditions or operations, financial or otherwise, of the Relevant Parties as the Administrative Agent or any Lender may from time to time reasonably request.