Common use of Bankruptcy and Equivalent Value Clause in Contracts

Bankruptcy and Equivalent Value. No bankruptcy, reorganization, insolvency, liquidation, or other proceeding for the relief of debtors has been instituted by or against Borrower, any general partner of Borrower (if Borrower is a partnership), or any manager or managing member of Borrower (if Borrower is a limited liability company). Borrower has received reasonably equivalent value for granting this Instrument.

Appears in 17 contracts

Samples: Mortgage Agreement (60 East 42nd Street Associates L.L.C.), Second Priority Mortgage and Security Agreement (250 West 57th St Associates L.L.C.), Mortgage and Security Agreement (Mack Cali Realty Corp)

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Bankruptcy and Equivalent Value. No bankruptcy, reorganization, insolvency, liquidation, or other proceeding for the relief of debtors has been instituted by or against Borrower, or any general partner of Borrower (if Borrower is a partnership), or any manager or managing member of Borrower (if Borrower is a limited liability company)Borrower. Borrower has received reasonably equivalent value for granting this Instrument.

Appears in 4 contracts

Samples: Mortgage (CNL Hotels & Resorts, Inc.), Multi State Mortgage and Security Agreement (CNL Hotels & Resorts, Inc.), Deed of Trust, Security Agreement and Fixture Filing (CNL Hotels & Resorts, Inc.)

Bankruptcy and Equivalent Value. No bankruptcy, reorganization, insolvency, liquidation, or other proceeding for the relief of debtors has been instituted by or against Borrower, any general partner of Borrower (if Borrower is a partnership), or any manager or managing member of Borrower (if Borrower is a limited liability company). Borrower has received reasonably equivalent value for granting this Instrument.. Prudential Loan 6 1xx xxx Xxxx (Second Funding)/ Mortgage

Appears in 2 contracts

Samples: Agreement of Spreader, Consolidation, and Modification of Mortgage and Security, Agreement of Spreader, Consolidation and Modification of Mortgage and Security Agreement (250 West 57th St Associates L.L.C.)

Bankruptcy and Equivalent Value. No bankruptcy, reorganization, insolvency, liquidation, or other proceeding for the relief of debtors has been instituted by or against Borrower, any general partner of Borrower (if Borrower is a partnership), or any manager or managing member principal shareholder of Borrower (if Borrower is a limited liability company)Borrower. Borrower has received reasonably equivalent value for granting this Instrument.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Eagle Hospitality Properties Trust, Inc.)

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Bankruptcy and Equivalent Value. No bankruptcy, reorganization, insolvency, liquidation, or other proceeding for the relief of debtors has been instituted by or against Borrower, any general partner of Borrower (if Borrower is a partnership), or any manager or managing member of Borrower (if Borrower is a limited liability company), within the ten (10) year period prior to the date hereof. Borrower has received reasonably equivalent value for granting this Instrument.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (Hines Real Estate Investment Trust Inc)

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