GMAC Loan Documents definition
Examples of GMAC Loan Documents in a sentence
Subject to the terms and restrictions set forth in the GMAC Loan Documents, upon, or at any time after, the occurrence of a Company Change of Control, the holder or holders of a majority of the aggregate principal amount then outstanding under this Note may elect to require the Company to redeem all or any specified portion of this Note in accordance with the terms of this Section 5 by giving written notice to the Company of such election (the “Holder Election Notice”).
Subject to the terms and restrictions set forth in the GMAC Loan Documents, upon notice given as provided in this Section 5(a), the Company may, at its option, prepay this Note, without premium or penalty, as a whole at any time or in part from time to time, together with any accrued and unpaid interest thereon through the date of such prepayment.
Each of the GMAC Loan Documents and the GMAC Assignment and Assumption Agreements, as each such instrument has been or may be amended, supplemented or otherwise modified is an Acquired Property Lien Document.
The GMAC Mortgage and the GMAC Loan Documents shall constitute Permitted Exceptions.
The Association dues authorized above shall be equal amounts from each salary payment from the time the form is received in the payroll office and as long as it is received by the 15th of the month through the pay period in August of each year.
Prior to Closing, Seller agrees (a) except as contemplated by Section 3.4, not to amend, modify, supplement or terminate the GMAC Loan Documents, (b) to perform in a timely manner all of its monetary and other material obligations under the GMAC Loan Documents and (c) to promptly provide Purchaser with any written notices of default or other correspondence received from GMAC relating to the obligations of Seller under the GMAC Loan Documents.
The Property is subject to the mortgages and deeds of trust described on Schedule 3.2(b) attached hereto (collectively, the "GMAC Mortgage"), which secure a promissory note in the original principal amount of $165,000,000.00 payable to GMAC Commercial Mortgage Corporation (together with any successor to GMAC Commercial Mortgage Corporation under the GMAC Loan Documents, "GMAC").