Examples of Senior Loan Agreement in a sentence
If the Property or any portion thereof is taken by a condemning authority, Borrower shall promptly commence and diligently prosecute the Restoration of the Property and otherwise comply with the applicable provisions of the Senior Loan Agreement.
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).
Lender shall not be obligated to accept any prepayment unless Borrower has delivered the Prepayment Notice required hereunder and such prepayment is accompanied by payment of the Breakage Costs, the Exit Fee, the Minimum Interest Payment, in each case to the extent applicable, and the applicable Interest Shortfall due in connection therewith, and Borrower has complied with the applicable provisions of the Senior Loan Agreement.
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.
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.