Silver Bay definition
Examples of Silver Bay in a sentence
Property Manager shall cooperate with any financing, sale, or other transfer or disposition relating to any Property or to Operating Partnership, Silver Bay Property Corp.
There is no material judgment, decree, injunction, or order of a Governmental Authority outstanding against Two Harbors Property or any of its Subsidiaries or any officer, director, principal or managing member of any of the foregoing in their capacity as such or, to Two Harbors’ Knowledge, any city ordinance or property violations relating to Silver Bay Properties.
The failure by Silver Bay to be in compliance with any Sponsor Financial Covenant at any time.
The Agent and each Lender shall have received copies of Blocked Account Control Agreements related to each Property Manager Account maintained by Silver Bay Property Corp.
Any default by the Operating Partnership or Silver Bay under any agreement to which such Person is a party, which default is not cured within any applicable cure period or waived and with respect to which the amount claimed exceeds $1,000,000, singly or in the aggregate.
The Operating Partnership and Silver Bay shall have duly executed and delivered, or caused to be duly executed and delivered the Bad Acts Guarantee.
On or prior to the first Borrowing Date after the Effective Date, the Master Property Manager shall have caused Silver Bay Property Corp.
Each of the Operating Partnership and Silver Bay shall have provided to the Agent and each of the Lenders copies of their Governing Documents.
The Agent and each Lender shall have received copies of a Property Manager Acknowledgement duly executed by the Master Property Manager, each Borrower and Silver Bay Property Corp.
None of the Borrowers, the Borrower Representative, the Master Property Manager, the Operating Partnership, Silver Bay or any Person claiming through or under any of them shall have any claim to or interest in the Collection Account or any Reserve Account (other than the Borrower Representative’s interest as owner of the Collection Account and each Reserve Account).