Acceptance of Collateral. The Collateral Agent has no duty to solicit the deposit of any Collateral with it by any Grantor or other Person and agrees to accept all Collateral to be delivered to or held by the Collateral Agent pursuant to the terms of this Agreement or any other Collateral Document. The Collateral Agent shall, on behalf and for the benefit of the Secured Parties, be the beneficiary and hold and safeguard any Collateral delivered to it during the term of this Agreement or any other Collateral Document as specified herein or therein and shall hold such Collateral in accordance with the provisions of this Agreement or such other Collateral Document, as the case may be; provided that the Collateral Agent shall not be required to hold or safeguard the Collateral with a higher degree of care than it holds and safeguards its own property.
Acceptance of Collateral. The Lenders shall have the right, in their sole discretion, and after performing such due diligence as the Lenders desire in their sole discretion, to accept or reject any project offered as an additional Borrowing Base Property. The Lenders shall not unreasonably withhold their acceptance of an apartment project owned in fee simple by the Company or any Wholly-Owned Subsidiary offered as a Borrowing Base Property hereunder if, through the due diligence contemplated hereby, the Lenders determine that the project is of a quality and character, and is located in a geographical market, which is consistent with the then-current or any previous Borrowing Base Properties hereunder or under the Previous Credit Agreement. The Company shall at its expense provide the Agent and the Lenders with the following due diligence materials and information with respect to any project offered as a Borrowing Base Property hereunder, at least six (60) days prior to the delivery by the Company of the initial Borrowing Notice with respect to such project:
Acceptance of Collateral. 20 Section 7.05 The Collateral Agent May Perform............................21 Section 7.06 Duties......................................................21 Section 7.07 Liability...................................................22 Section 7.08 Successor Collateral Agent..................................22 Section 7.09 Suits, Etc., Brought by the Collateral Agent................23 Section 7.10 Compensation of the Collateral Agent........................23 Section 7.11 Taxes, Stamp and Other Similar Taxes........................24 Section 7.12 Limitation on Duties in Respect of Collateral...............24 Section 7.13 Right to Initiate Judicial Proceedings, Etc.................25
Acceptance of Collateral. In reliance upon the representations and warranties of the Debtor and Secured Party contained herein and subject to the terms and conditions set forth herein, at Closing: (i) Secured Party shall accept the Collateral in satisfaction of $35,555.00 of principal and interest obligations secured under the Debentures; and (ii) Debtor has no objections to Secured Party accepting the Collateral in satisfaction of $35,555.00 of principal and interest obligations under the Debentures and agrees to waive any and all notice periods under the applicable Uniform Commercial Code and further agrees that it will not seek to redeem the Collateral prior to Closing.
Acceptance of Collateral. The Administrative Agent shall have the right, in its sole discretion, and after performing such due diligence as the Administrative Agent desires in its sole discretion, to accept or reject any such Nominated Property offered as an Additional Borrowing Base Property. Notwithstanding the foregoing, the Administrative Agent shall not unreasonably withhold its acceptance of a Nominated Property as a Borrowing Base Property if, through the due diligence contemplated hereby, the Administrative Agent determines that the Nominated Property does not qualify as a Borrowing Base Property based upon the same underwriting standards as used for the Initial Borrowing Base Properties, and provided that the items delivered pursuant to clauses (A) through (M) below and the information and disclosures contained therein are satisfactory to the Administrative Agent in its sole discretion. The Borrower shall at its expense provide the Administrative Agent and the Lenders with the following due diligence materials and information with respect to any Nominated Property at least forty-five (45) days prior to the proposed addition of such Nominated Property as a Borrowing Base Property:
Acceptance of Collateral. The Required Banks shall have the right, in their sole discretion, and after performing such due diligence as the Required Banks desire in their sole discretion, to accept or reject any real property offered as Collateral. The Borrower shall at its expense provide the Required Banks with all requested due diligence materials and information, including, without limitation, title reports, environmental reports, soils reports, flood plain information, entitlement documents and plans and specifications, occupancy permits, operating statements and rent rolls, with respect to any offered real property.
Acceptance of Collateral. The Required Lenders shall have the right, after performing such due diligence as the Required Lenders desire in their sole discretion, to accept or reject any such Nominated Property offered as an additional Collateral Property, as such right may be exercised in the Required Lenders’ reasonable discretion. The Borrower shall at its expense provide the Administrative Agent and the Lenders with the following due diligence materials and information with respect to any Nominated Property at least thirty (30) days prior to the Proposed Inclusion Date for such Nominated Property:
Acceptance of Collateral. 59 Section 7.05 The Collateral Agent May Perform 60 Section 7.06 Duties 60 Section 7.07 Liability 61 Section 7.08 Successor Collateral Agent, Depository Bank and Intercreditor Agent 61
Acceptance of Collateral
