Multistate Loan Documents definition
Examples of Multistate Loan Documents in a sentence
Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Multistate Loan Documents as are delegated to the Agent by the terms hereof and thereof, together with such powers and discretion as are reasonably incidental thereto.
In addition, the Lenders agree that from and after the Closing Date the Obligations of the Loan Parties in respect of the Multistate Advances shall not be governed by the Loan Documents (as defined in the 1988 Multistate Loan Agreement) but shall be governed by the Multistate Loan Documents.
The rights and remedies provided herein, in the other Multistate Loan Documents and in the California Loan Documents are cumulative and are not exclusive of any rights and remedies provided by law.
Maintain an office in ------------------------------- Bethesda, Maryland (or such other place in the United States of America as the Borrower shall designate in writing to the Agent upon at least thirty (30) days' prior written notice) where notices and demands to or upon the Borrower in respect of the Multistate Loan Documents may be given or made.
Direct, and use its commercially reasonable best efforts to cause, each Land Trust to comply, with respect to such Land Trust's interest in any property or assets, with the Borrower's covenants and other obligations under the Multistate Loan Documents.
Nothing in this Section shall be construed to release or otherwise impair the Indebtedness of the Borrower evidenced by the Multistate Notes, the other obligations of the Borrower or any other Loan Party under the Multistate Loan Documents, the Liens securing such obligations, or (except as and to the extent set forth in the first sentence of this Section and the proviso of the preceding sentence) any other rights of the Lenders.
This Agreement shall become effective when and if the Closing Date shall have occurred, and thereafter shall be binding upon and inure to the benefit of the Borrower, the Agent and each Lender, and their respective successors and assigns, except that the Borrower shall not have the right to ------- assign its rights hereunder, or any interest herein or in any of the other Multistate Loan Documents, without the prior written consent of the Lenders.
With respect to the Multistate Notes issued to it, Citibank shall have the same rights, powers and obligations under the Multistate Loan Documents as any other Lender and may exercise the same and shall be responsible for the same as though it were not the Agent; and the term "Lenders or "Lenders.
Article and Section headings in this Agreement and the other Multistate Loan Documents are included for convenience of reference only, and shall not constitute a part of this Agreement for any other purpose.
Neither the Agent nor any of its directors, officers, agents or employees shall be liable for any action taken or omitted to be taken by it or them under or in connection with the Multistate Loan Documents, except for its or their own gross negligence or willful misconduct.