Common use of Assumption in Non-Consolidation Opinion Clause in Contracts

Assumption in Non-Consolidation Opinion. Each Borrower shall conduct their business so that the assumptions (with respect to each Person) made in that certain substantive non-consolidation opinion letter dated the date hereof delivered by Borrowers' counsel in connection with the Loan, shall be true and correct in all respects.

Appears in 5 contracts

Samples: Loan Agreement (Behringer Harvard Reit I Inc), Loan Agreement (Behringer Harvard Reit I Inc), Loan Agreement (Behringer Harvard Reit I Inc)

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Assumption in Non-Consolidation Opinion. Each Borrower shall conduct their its business so that the assumptions (with respect to each Person) made in that certain substantive non-consolidation opinion letter dated the date hereof delivered by Borrowers' Borrower's counsel in connection with the Loan, shall be true and correct in all respects.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Assumption in Non-Consolidation Opinion. Each Borrower shall conduct their its business so that the assumptions of fact (with respect to each PersonBorrower) made in that certain substantive non-consolidation opinion letter dated the date hereof delivered by Borrowers' Borrower’s counsel in connection with the LoanLoan and material to such counsel’s opinion, shall be true and correct in all respectsrespects to the extent specified in such opinion letter.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (OVERSTOCK.COM, Inc)

Assumption in Non-Consolidation Opinion. Each Borrower shall conduct their business so that the assumptions (with respect to each Person) made in that certain substantive non-consolidation opinion letter dated the date hereof delivered by Borrowers' Borrower's counsel in connection with the Loan, shall be true and correct in all respects.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Assumption in Non-Consolidation Opinion. Each Borrower shall, and shall cause Mortgage Borrower to, conduct their its business so that the assumptions (with respect to each Person) made in that certain substantive non-consolidation opinion letter dated the date hereof delivered by Borrowers' Borrower’s counsel in connection with the Loan, shall be true and correct in all respects.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)

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Assumption in Non-Consolidation Opinion. Each Borrower shall conduct their its business so that the assumptions (with respect to each Person) made in that certain substantive non-consolidation opinion letter dated the date hereof delivered by Borrowers' Borrower's counsel in connection with the LoanLoan (the "NON-CONSOLIDATION OPINION"), shall be true and correct in all respects.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Assumption in Non-Consolidation Opinion. Each Borrower and Borrower Representative shall conduct their business so that the assumptions (with respect to each Person) made in that certain substantive non-consolidation opinion letter dated the date hereof delivered by Borrowers' counsel in connection with the Loan, shall be true and correct in all material respects.

Appears in 1 contract

Samples: Loan Agreement (Lodgian Inc)

Assumption in Non-Consolidation Opinion. Each Borrower shall conduct their its business so that the assumptions of fact (with respect to each PersonBorrower and its Affiliates) made in that certain substantive non-consolidation opinion letter dated the date hereof delivered by Borrowers' Borrower’s counsel in connection with the LoanLoan and material to such counsel’s opinion, shall be true and correct in all respectsrespects to the extent specified in such opinion letter.

Appears in 1 contract

Samples: Loan Agreement (OVERSTOCK.COM, Inc)

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