Loan Properties definition
Examples of Loan Properties in a sentence
Except as otherwise provided in (i) Section 4.6.9 above with respect to the Loan Assumption and Release for the Assumed Properties, (ii) Section 4.7 above with respect to the Purchaser Loans for the Lazy Hollow Property and the Hillmeade Property and (iii) Section 4.8 with respect to the AIMCO Loans for the AIMCO Loan Properties, Purchaser assumes full responsibility to obtain the funds required for settlement, and Purchaser’s acquisition of such funds shall not be a contingency to the Closing.
Prior to the expiration of the Feasibility Period, Seller and Purchaser shall mutually agree on the allocation of the AIMCO Loans among the AIMCO Loan Properties.
In the case of payments made by joint check, Lender may require a waiver of lien (to the extent applicable Legal Requirements permit an advance waiver of lien) from each Person receiving payment prior to Lender’s disbursement of funds for the payment of Capital Replacements or FF&E Replacements at the CIGNA Mortgage Loan Properties.
If at any time Lender reasonably determines that the CIGNA Property Tax and Insurance Reserve Funds are not or will not be sufficient to pay Taxes and Insurance Premiums with respect to the CIGNA Mortgage Loan Properties by the dates set forth in clauses (a) and (b) above, Lender shall notify Borrower of such determination and Borrower shall pay to Lender any amount necessary to make up the deficiency within ten (10) days after notice from Lender to Borrower requesting payment thereof.
To the Knowledge of BNY, no facilities, improvements, operations or activities have been conducted on any Loan Properties in violation of any Environmental Laws.
The Bank consents to the lease of the Term Loan Properties to Supertel Hospitality Management, Inc.
If the amount of the CIGNA Property Tax and Insurance Reserve Funds shall exceed the amounts due for Taxes and Insurance Premiums with respect to the CIGNA Mortgage Loan Properties pursuant to Section 5.4 and Section 8.1 hereof, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the CIGNA Property Tax and Insurance Reserve Account.
It is acknowledged by the Parties that BancTrust has made no additional inquiry in regard to the matters reflected in this Section 6.15 as to its Loan Properties for the purpose of making the representations and warranties contained herein.
To the Knowledge of Kingfish, there has been no release of Hazardous Material in, on, under, or affecting any current or previously owned or leased real property of t Kingfish or any of its Participation Facilities or any Loan Properties, except where such release does not or is not reasonably likely to have, in the aggregate, a Material Adverse Effect on Kingfish.
RedFed does not have knowledge of any material noncompliance with any Environmental Laws relating to any of the Loan Properties (as defined below)other than as may be set forth in the standard loan files of Redlands Federal; C.