Assets of New Borrower. The only assets of New Borrower are the Project, the personal property owned by New Borrower and used in connection with the Project and cash or cash equivalents.
Appears in 14 contracts
Samples: Assumption Agreement, Assumption Agreement, Note and Mortgage Assumption Agreement
Assets of New Borrower. The only assets of New Borrower are the Project, the personal property owned by New Borrower and used in connection with the Project and cash or cash equivalents.
Appears in 2 contracts
Samples: Note and Deed of Trust Assumption Agreement (Summit Hotel Properties LLC), Note and Mortgage Assumption Agreement (Cedar Income Fund LTD /Md/)
Assets of New Borrower. The only assets of New Borrower are the Project, the personal property owned by New Borrower and used in connection with the Project and cash or cash equivalents.. (h)
Appears in 1 contract
Assets of New Borrower. The only assets of New Borrower are the ProjectProperty, the personal property owned by New Borrower and used in connection with the Project Property and cash or cash equivalentsequivalents and accounts receivable deriving from the Property.
Appears in 1 contract
Samples: Assumption Agreement (Strategic Storage Trust II, Inc.)