Examples of Mortgage Loan Party in a sentence
For the avoidance of doubt, IP Owner shall be permitted to grant licenses with respect to the Intellectual Property to any other Person (whether such Person is or is not an Affiliate of any Mortgage Loan Party, Borrower or IP Owner) at no expense to Mortgage Borrower or any other Mortgage Loan Party.
In addition, Borrower shall not cause or permit Mortgage Borrower or any other Mortgage Loan Party to cancel or otherwise forgive or release any material claim or debt (other than termination of Leases in accordance herewith) owed to Mortgage Borrower or such other Mortgage Loan Party by any Person (other than another Mortgage Loan Party) except for adequate consideration and in the ordinary course of Mortgage Borrower’s or such other Mortgage Loan Party’s business, as applicable.
Pupils must not have tobacco or drugs in their possession on the bus.
At the request of Lender, Borrower shall execute a certificate in form satisfactory to Lender listing the trade names under which Borrower intends to cause or permit any Mortgage Loan Party to operate the Properties and the other Mortgage Loan Collateral, and representing and warranting that Borrower does business and causes each Mortgage Loan Party to do business under no other trade name with respect to the Properties at such time.
None of Borrower nor Senior Mezzanine Borrower nor Mortgage Borrower nor any other Mortgage Loan Party is in default in any material respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument to which it is a party or by which Borrower, Senior Mezzanine Borrower, Mortgage Borrower or any other Mortgage Loan Party, the Senior Mezzanine Collateral, the Mortgage Loan Collateral or any of the Collateral are bound.
No material claims are currently pending, outstanding or otherwise remain unsatisfied under any such Policy which would reasonably be expected to have a material adverse effect on Borrower, Senior Mezzanine Borrower or Mortgage Borrower or any other Mortgage Loan Party, and neither Borrower nor Senior Mezzanine Borrower nor Mortgage Borrower nor Property Owner nor, to the best of Borrower’s knowledge, has any Person done, by act or omission, anything which would impair the coverage of any such Policy.
Borrower shall keep, and cause Senior Mezzanine Borrower, Mortgage Borrower and each Mortgage Loan Party and Property Owner to keep, the Collateral, Senior Mezzanine Collateral and the Mortgage Loan Collateral insured at all times by financially sound and reputable insurers, to such extent and against such risks, and maintain liability and such other insurance, as is more fully provided in this Agreement.
Borrower shall not suffer and shall not permit Senior Mezzanine Borrower, Mortgage Borrower or any Mortgage Loan Party to suffer and shall promptly cause to be paid and discharged any Lien or charge whatsoever which may be or become a Lien or charge against the Collateral, the Senior Mezzanine Collateral or the Mortgage Loan Collateral, and shall promptly pay, or cause to be paid, for all utility services provided to the Properties.
Borrower, Senior Mezzanine Borrower, Mortgage Borrower, each other Mortgage Loan Party and the Collateral, the Senior Mezzanine Collateral, the Mortgage Loan Collateral and the respective use thereof comply in all material respects with all applicable Legal Requirements, including, without limitation, building and zoning ordinances and codes, if applicable.
Borrower is not a party to any agreement or instrument or subject to any restriction which might materially and adversely affect Borrower, Senior Mezzanine Borrower, Mortgage Borrower or any other Mortgage Loan Party, the Senior Mezzanine Collateral, the Mortgage Loan Collateral or the Collateral or Borrower’s, Senior Mezzanine Borrower’s or Mortgage Borrower’s or any other Mortgage Loan Party’s business, properties or assets, operations or condition, financial or otherwise.