(k) Fl Documentary Stamp Income tax. Seller or Company shall have provided to Administrative Agent https://homeloansplus.org/payday-loans-la/ 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.

Any Funding See will be done because of the a 3rd party Officer into the a publishing taken to Administrative Agent, Purchasing Agent and every Financial

(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 least two (2) Working days just before such as for example Borrowing Day, Administrative Agent, Using Agent each Financial shall have obtained a completely performed and you may produced Financing See and additionally a borrowing from the bank Base Certificate, evidencing enough Access depending on the asked Finance, and you may a borrowing Legs Statement;

(ii) both before and after and then make one Loans asked with the eg Borrowing Go out, the full Usage of Duties should maybe not meet or exceed new Borrowing Ft;

(iii) by such as for example Borrowing Day, the newest representations and you will guarantees contains here plus another Borrowing Files would be correct and you may correct in every topic areas towards and as of this Borrowing Day toward exact same the amount due to the fact although made to your and as of this time (unless of course any such sign or promise identifies a particular time, whereby, they are going to be true and you may best in all question respects due to the fact of such time);

(iv) by particularly Borrowing from the bank Date, no knowledge will has occurred and become continuous or carry out effect about consummation of the appropriate Mortgage who would create a keen Feel regarding Default otherwise a standard;

(vii) with respect to the related Confirmation Event having such as for instance Credit Go out, Schedule II of these Verification Certification notes no more than brand new higher away from (i) seven (8) of these Lease Data reviewed by the Confirmation Broker otherwise (ii) 5% of such Rent data files analyzed of the Verification Agent;

(viii) on the amount the guarantee of every Lease perform trigger the brand new aggregate Amortized Book Worth of all the Rentals the Obligors off which have billing address contact information in every one to condition to go beyond twenty two.5% of Amortized Rent Property value the Pledged Accommodations, a legal advice in terms of compliance having legislation such county, reasonably appropriate into Management Agent; and

The obligation of each Lender and make people Financing to the one Credit Big date was susceptible to the latest fulfillment, otherwise waiver relative to

This new Management Agent is going to be called, however forced to, consult and found, ahead of the and come up with of any Mortgage, additional info fairly high enough with the Administrative Representative otherwise people Financial guaranteeing brand new pleasure of any of your foregoing when the, in the sensible discretion of your Administrative Agent otherwise such as for example Financial particularly request try rationalized under the products.

So you can cause the lenders to go into for the so it Arrangement in order to create for every Financing to get made and therefore, Business means and you will is deserving of to every Financial that every of their representations and you may guarantees contained in the Contract try true and you can correct as of the Closing Date and every Borrowing from the bank 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.