(k) Fl Documentary Stamp Income tax. Seller or Company shall have provided to Administrative Agent evidence that it has mailed payment to the Florida Department of Revenue of all amounts owed in relation to the Florida documentary stamp tax, in accordance with Rule 12B-4 of the Florida Administrative Code.
People Financial support See will be done of the a third party Manager inside the an authorship taken to Management Broker, Purchasing Representative and each Bank
(l) Completion out-of Legal proceeding. All corporate, limited liability and other proceedings taken or to be taken in connection with the transactions contemplated hereby and all documents incidental thereto shall be reasonably satisfactory in form and substance to each Lender and the Administrative Agent, and each Lender, and the Administrative Agent shall have received all such counterpart originals or certified copies of such documents as they may request.
(i) at the very least several (2) Working days ahead of instance Borrowing Go out, Management Agent, Using Broker each Financial should have received a fully conducted and put Investment See also a borrowing from the bank Legs Certification, evidencing enough Access according to the requested Financing, and you can a borrowing Feet Statement;
(ii) both before and after and also make any Funds questioned towards for example Borrowing from the bank Go out, the total Using Duties should maybe not meet or exceed the brand new Borrowing Feet;
(iii) by particularly Borrowing Big date, the new representations and you may guarantees contains here plus in others Borrowing from the bank Data files are genuine and you may best in all point respects towards so that as of that Borrowing from the bank Go out to your same the total amount since the regardless if generated into the so that as of these time (except if these signal otherwise promise relates to a specific time, whereby, they are correct and you can correct in all point areas since the of these time);
(iv) https://fasterloansllc.com/title-loans-ma/ since including Credit Day, zero experiences shall provides occurred and start to become carried on or carry out results on the consummation of your own appropriate Loan who would compose an enthusiastic Skills regarding Standard otherwise a default;
(vii) according to associated Verification Experiences to possess such as Credit Day, Plan II of such Confirmation Certification cards only about the latest deeper away from (i) 7 (8) of such Rent Files examined because of the Confirmation Agent or (ii) 5% of such Rent files assessed from the Confirmation Representative;
(viii) on the the total amount your promise of every Lease create end up in the latest aggregate Amortized Book Property value all the Accommodations the new Obligors out-of that have recharging contact in almost any one to condition to go beyond twenty two.5% of the Amortized Lease Value of most of the Pledged Rentals, an appropriate advice with respect to compliance that have legislation such county, fairly appropriate on Administrative Representative; and you will
The responsibility of each Bank making any Financing into the any Borrowing Big date was subject to brand new pleasure, otherwise waiver in accordance with
The fresh new Management Representative shall be named, although not forced to, demand and you can receive, prior to the and make of every Mortgage, addiitional information relatively sufficient to your Management Broker otherwise people Lender guaranteeing this new satisfaction of any of foregoing when the, on the practical discernment of your Management Representative or eg Bank like request try warranted underneath the activities.
To help you result in lenders to go into to your so it Arrangement and build for every single Mortgage become made thereby, Team means and deserves to each Bank that each and every of their representations and you can warranties part of the Arrangement is actually real and proper by the brand new Closing Day and each Credit Big date:
4.1 Organization; Requisite Power and Authority; Qualification; Other Namespany (a) is duly organized or formed, validly existing and in good standing under the laws of its jurisdiction of organization or formation as identified in Schedule 2, (b) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party and to carry out the transactions contemplated thereby and (c) is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had, and would not be expected to result in a Material Adverse Effectpany does not operate or do business under any assumed, trade or fictitious namepany has no Subsidiaries.
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