Examples of Senior Lender in a sentence
Borrower shall furnish to Lender receipts for the payment of the Taxes and the Other Charges prior to the date the same shall become delinquent (provided, however, that Borrower is not required to furnish such receipts for payment of Taxes in the event that such Taxes have been paid by Senior Lender pursuant to Section 7.2 of the Senior Loan Agreement or (ii) Borrower deposits into an Account funds sufficient to pay such Taxes as set forth above).
Borrower and Lender acknowledge and agree that Borrower has deposited with Senior Lender on the Closing Date, the sum of $3,500,000.00 in the Interest and Operating Expense Reserve Account, to be held and applied to the payment of Monthly Debt Service Payments hereunder and “Monthly Debt Service Payments” (as defined in the Senior Loan Agreement) under the Senior Loan Agreement and as otherwise set forth in the Senior Loan Agreement pursuant to the terms and provisions thereof.
Without the prior written consent of Lender, Borrower shall not enter into any deed-in-lieu or consensual foreclosure or transfer or assignment with or for the benefit of Senior Lender or any of Senior Xxxxxx’s Affiliates or designees.
Borrower shall comply with all obligations under the Senior Loan Agreement and all other Senior Loan Documents whether or not the Senior Loan has been repaid or such Senior Loan Document has been otherwise terminated, and regardless of whether Senior Lender is requiring such compliance, unless otherwise consented to in writing by Xxxxxx.
After written request by Xxxxxx made no more than one time in any calendar year, Borrower shall from time to time, use reasonable efforts to obtain from Senior Lender such estoppel certificates with respect to the status of the Senior Loan and compliance by Borrower with the terms of the Senior Loan Documents as may reasonably be requested by Xxxxxx.