No Standard, Event out of Standard or Servicer Default should possess took place and get continued

(k) Fl Documentary Stamp 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.

One Money See are going to be done of the a third party Manager inside a crafting brought to Administrative Agent, Investing Agent and every Lender

(l) Achievement off Process. 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) about one or two (2) Working days prior to such as for instance Borrowing from the bank Day, Administrative Broker, Purchasing Agent and every Financial will have received a fully carried out and you may put Financing See and additionally a credit Feet Certification, evidencing adequate Supply with respect to the requested Finance, and you can a borrowing from the bank Base Report;

(ii) before and after while making any Financing requested into like Borrowing from the bank Big date, the total Usage of Responsibilities shall perhaps not exceed brand new Borrowing Foot;

(iii) since like Credit Date, the brand new representations and warranties consisted of here and in additional Credit Data files shall be true and you can right in every question areas towards the and as of the Credit Big date to the exact same the quantity because whether or not made payday loans in Midland PA on and also as of this date (until such symbol or promise describes a particular time, whereby, it shall be genuine and you can proper in all question respects because of such time);

(iv) at the time of such as for instance Borrowing from the bank Day, no feel should possess took place and start to become proceeded otherwise create impact in the consummation of applicable Loan who compose an enthusiastic Enjoy away from Default or a default;

(vii) with regards to the relevant Verification Event to own like Credit Time, Schedule II of such Verification Certification cards no more than the latest deeper out of (i) 7 (8) of these Lease Data assessed because of the Verification Agent or (ii) 5% of these Lease documents analyzed from the Confirmation Broker;

(viii) on the total amount your hope of every Rent create cause new aggregate Amortized Book Property value the Renting brand new Obligors out of that have charging you details in virtually any one county so you can go beyond twenty-two.5% of one’s Amortized Lease Worth of most of the Bound Rentals, a legal advice with respect to conformity which have laws this kind of condition, relatively acceptable on the Administrative Representative; and you can

The duty each and every Financial to make any Mortgage towards the any Credit Big date is at the mercy of the brand new satisfaction, or waiver in accordance with

Brand new Management Representative can be titled, although not obligated to, consult and you may found, prior to the and also make of any Financing, details fairly sufficient to your Administrative Representative otherwise people Bank confirming the newest pleasure of any of foregoing if, on reasonable discretion of the Administrative Agent otherwise eg Financial such as request is actually justified in factors.

So you can lead to lenders to go into towards so it Agreement in order to make for every single Mortgage to-be produced and thus, Business is short for and you can warrants every single Financial that each of its representations and you will warranties within the Contract try genuine and you will best as of this new Closure Big date and each Borrowing Day:

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 Agenda dos, (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.