Assets of Borrower. The Borrower has no assets other than the shares in each Guarantor and such other assets as are necessary or incidental to its establishment and operations.
Assets of Borrower. The only business of Borrower shall be the Business.
Assets of Borrower. The only assets of Borrower are the Project, the remainder of the Property, the Leases and cash or cash equivalents and incidental personal property of the Project necessary for the operation of the Project.
Assets of Borrower. 79 ARTICLE IX AFFIRMATIVE COVENANTS
Assets of Borrower. The Borrower (a) does not own, beneficially or of record, any assets other than (i) equity interests in its Subsidiaries and Excluded Subsidiaries, and (ii) such other assets as are de minimis with respect to the consolidating balance sheet of the Borrower on a stand-alone basis, and (b) does not conduct business, operations or generate any revenue except (i) such revenue received as distributions on Capital Stock of its Subsidiaries and Excluded Subsidiaries and (ii) such other revenue as is de minimis with respect to the consolidating income statement of the Borrower on a stand-alone basis.
Assets of Borrower. The only assets of Borrower are the Property, the personal property owned by Xxxxxxxx and used in connection with the Property and cash or cash equivalents.
Assets of Borrower. The payment and performance of the Note and all of the other Obligations hereunder and under the Loan Documents shall be secured by a first and superior lien against all of the assets of Borrower pursuant to the terms of a security agreement (the “Security Agreement”), which shall be in form and substance satisfactory to Lender, together with a landlord subordination agreement signed by the landlord of each leased location of Borrower.
Assets of Borrower. The only business of Borrower shall be the business described in SECTION 3.17.
Assets of Borrower. 23 4.04 LEASES...........................................................23 4.06 INSPECTION OF BOOKS AND RECORDS..................................23 4.07
Assets of Borrower. The only assets of Fee Borrower are and will be the Fee Property, lessor’s interest in the Air Rights Lease, incidental personal or intangible property, Permitted Investments (as defined in the Cash Management Agreement [as defined on Exhibit A]) and cash or cash equivalents. The only assets of Leasehold Borrower are and will be the Leasehold Property, lessee’s interest in the Air Rights Lease, the Leases, incidental personal or intangible property, Permitted Investments and cash or cash equivalents.
