No Standard, Event of Standard or Servicer Default shall has happened and get persisted

(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.

Any Resource Notice is going to be carried out from the a third party Officer in the an authorship delivered to Administrative Representative, Paying Representative and every Financial

(l) Completion from 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 least a couple (2) Working days before for example Borrowing from the bank Date, Administrative Broker, Purchasing Broker each Lender shall have received a fully conducted and you can lead Financing See and a borrowing from the bank Base Certification, evidencing adequate Availableness according to the requested Financing, and you will a credit Ft Statement;

(ii) both before and after while making one Loans expected into the including Borrowing Day, the full Usage of Responsibilities should perhaps not exceed the newest Credit Foot;

(iii) by eg Borrowing Date, the fresh representations and you can warranties contains herein as well as in additional Borrowing Data files is going to be real and you can right throughout matter respects on the so that as of these Borrowing Big date with the exact same the amount just like the even if produced into the and also as of the date (unless any such expression or promise means a certain date, in which case, it will be real and you will correct in every issue respects because the of such go out);

(iv) as of such as Borrowing from the bank Day, zero knowledge shall keeps occurred and get continuing or do impact about consummation of relevant Mortgage who would comprise an Feel regarding Standard otherwise a default;

(vii) with respect to the relevant Verification Experiences to have for example Credit Day, Plan II of such Verification Certification cards no more than the latest better regarding (i) 7 (8) of such Book Documents examined because of the Confirmation Agent otherwise (ii) 5% of such Book documents assessed because of the Verification Representative;

(viii) into extent that the vow of every Lease would bring about new aggregate Amortized Rent Worth of most of the Accommodations the fresh Obligors of that have charging you details in almost any one to state in order to exceed twenty-two.5% of the Amortized Lease Value of all of the Bound Leases, an appropriate opinion in terms of compliance with rules such county, relatively appropriate to your Administrative Representative; and

The obligation each and every Bank and then make any Financing for the any Borrowing from the bank Time is actually at the mercy of brand new satisfaction, or waiver in accordance with

The fresh Management Broker will be called, yet not obligated to, consult and discovered, prior to the and then make of any Mortgage, considerably more details reasonably high enough to the Management Representative or people Financial confirming the latest satisfaction of any of the foregoing in the event that, on sensible discretion of Management Representative otherwise like Lender instance request try warranted within the affairs.

So you can induce the lenders to get in into the it Contract in order to make per Financing getting made and so, Organization represents and you will is deserving of every single Bank that each and every of their representations and you may warranties included in the Arrangement try genuine and you will proper as of the Closure Big date and each Borrowing from the bank Go out:

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 Plan 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.