(b) When it comes to Seasoned Net Antique Pool of Accommodations got its start from the Provider after the Closing Time, the aggregate relevant Stuff (web of every numbers compiled regarding eg Renting pursuant into the commission away from sales and rehearse taxation) are less than six.5% of your own aggregate related Acquisition Value of the fresh new Seasoned Internet Classic Pond.
5.15 Termination of Backup Servicer. Section seven.1(o), the Company shall reasonably coordinate and reasonably cooperate with the Administrative Agent and the Lenders to timely engage a replacement Backup Servicer.
Company covenants and agrees that, until the Termination Date, Company, Seller and Parent shall perform (or cause to be performed, as applicable) all covenants in this Point 6.
The company shall result in the Provider to activate a chief borrowing from the bank exposure manager, choices movie director and you can a monetary specialist in a single-hundred or so twenty (120) days of the brand new big date hereof, for every due to the fact relatively acceptable towards Management Representative
six.1 Indebtedness. None away from Merchant, Mother or Organization shall myself or ultimately, carry out, incur, assume otherwise warranty, if not become otherwise will still be truly otherwise ultimately liable with respect to virtually any Indebtedness aside from:
(c) entirely according to Supplier, unsecured credit lines to finance the purchase of Gifts maybe not so you can exceed $5,one hundred thousand,000 regarding the aggregate any moment a great;
(d) only with regards to the Seller, Indebtedness cash to payday Westminster CO composed of delinquent insurance costs compliment of insurers and you can insurance rates agents incurred regarding the the credit of insurance costs from the normal course of business;
(e) entirely according to the Supplier, Indebtedness comprising resource lease debt entered into from the ordinary span of business; and you may
(f) Indebtedness arising from the fresh honoring by a bank and other financial facilities away from a check, draft or comparable device regarding the ordinary course of providers and you will Indebtedness regarding the typical course of providers in respect out-of overdraft protections and you will otherwise regarding the put profile and other vintage dollars administration functions.
But pursuant into Borrowing from the bank Files not one of Mother or father, Merchant otherwise Organization will go into people Contractual Responsibility prohibiting the fresh new production otherwise expectation of every Lien abreast of some of their qualities otherwise property, if today possessed otherwise hereafter acquired, apart from next Warehouse Studio
six.dos Liens. None away from Merchant, Parent otherwise Business shall actually otherwise ultimately, carry out, sustain, suppose otherwise permit to survive any Lien, as well as however restricted to concerning people trading borrowing or any other credit lines, towards the or with respect to people property otherwise investment of any kind (in addition to any document or instrument in respect of goods or membership receivable) of these entity, whether today had or hereafter obtained, or any income or profits therefrom, otherwise file otherwise allow the filing out-of, otherwise permit to stay in feeling, one resource declaration and other equivalent observe of every Lien with respect to almost any instance assets, resource, income or profits within the UCC of every Condition or less than any comparable tape otherwise see statute, except Enabled Liens.
6.3 Equitable Lien. If any of Seller, Parent or Company shall create or assume any Lien (other than a Permitted Lien) upon any of its properties or assets, whether now owned or hereafter acquired, it shall make or cause to be made effective provisions whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness secured thereby as long as any such Indebtedness shall be so secured; provided, notwithstanding the foregoing, this covenant shall not be construed as a consent by Requisite Lenders to the creation or assumption of any such Lien not otherwise permitted hereby.