Project otherwise experimented with task because of the Debtor associated with the Contract otherwise one legal rights hereunder versus very first obtaining the particular composed consent out-of Bank, and/or granting because of the Debtor of every shelter attract, lien and other encumbrances towards the one Guarantee to virtually any people other than just Bank

(e) Thing Adverse Transform. Any material adverse change in the Property, business, financial condition or operations of Borrower or any of Affiliates shall occur, in each case as determined by Lender in its sole good faith discretion, or any other condition shall exist which, in Lender’s sole good faith discretion, constitutes a material impairment of Borrower’s ability to perform its obligations under this Agreement or any other Loan Document.

(f) . A breach because of the Debtor of every of representations, warranties or covenants or loans set forth within the Areas step three.01, step 3.07, step 3.twelve, step three.23, 6.01, six.03, 6.17, 6.21, six.22, 6.27, or six.29 associated with the Agreement.

(g) Additional Infraction regarding Representation otherwise Covenant. A material breach by Borrower of any other material representation, warranty or covenant set forth in this Brighton loans Agreement (and not otherwise specified in Section 7.01(f) above), if such breach is not cured within five (5) Business Days.

(k) Wisdom. A final judgment or judgments for the payment of money in excess of $10,000,000 shall be rendered against Borrower or any Affiliates by one or more courts, administrative tribunals or other bodies having jurisdiction and the same shall not be satisfied, discharged (or provision shall not be made for such discharge) or bonded, or a stay of execution thereof shall not be procured, within thirty (30) days from the date of entry thereof.

(l) Bodies Action. Any Governmental Authority or any person, agency or entity acting or purporting to act under governmental authority shall have taken any action to condemn, seize or appropriate, or to assume custody or control of, all or any substantial part of the Property of Borrower or any Affiliate thereof, or shall have taken any action to displace the management of Borrower or any Affiliate thereof or to curtail its authority in the conduct of the business of Borrower or any Affiliate thereof, or takes any action in the nature of enforcement to remove, limit or restrict the approval of Borrower or Affiliate as an issuer, buyer or a seller/servicer of Mortgage Loans or securities backed thereby, and such action provided for in this subparagraph (l) shall not have been discontinued or stayed within 30 days. Read more