Benefit of Loans. Kimco and each Subsidiary are engaged as an integrated corporate group in the business of acquiring, owning, developing and operating shopping centers and of providing the required services and other facilities for those integrated operations. Kimco and each Subsidiary require financing on such a basis that funds can be made available to the Borrowers and each Subsidiary to the extent required for the continued operation of their integrated activities and each of them expects to derive benefits, directly or indirectly, in return for undertaking their respective obligations under this Agreement and the other Loan Documents, both individually and as members of the integrated group.
Benefit of Loans. Kimco is in the business of acquiring, owning, developing and operating shopping centers and of providing the required services and other facilities for those integrated operations, and expects to derive benefits, directly or indirectly, in return for undertaking its obligations under this Agreement and the other Loan Documents.
Benefit of Loans. The Borrower and each Subsidiary are engaged as an integrated corporate group in the business of acquiring, owning, developing and operating shopping centers and of providing the required services and other facilities for those integrated operations. The Borrower and each Subsidiary require financing on such a basis that funds can be made available to the Borrower and each Subsidiary to the extent required for the continued operation of their integrated activities and each of them expects to derive benefits, directly or indirectly, in return for undertaking their respective obligations under this Agreement and the other Loan Documents, both individually and as members of the integrated group.
Benefit of Loans. 50 SECTION 4.21 REIT Status......................................................................51 ARTICLE V CONDITIONS................................................................................51 SECTION 5.1 Conditions to Effectiveness / Effective Date.....................................51 SECTION 5.2 Conditions to Each Extension of Credit...........................................52
Benefit of Loans. Each Obligor shall receive material direct and indirect benefits from the making of any portion of the Loans to any of the Obligors and a satisfactory financial condition and successful business operations of each Obligor benefits, directly and indirectly, each of the other Obligors.
Benefit of Loans. Kimco and its Subsidiaries are engaged as an integrated corporate group in the business of acquiring, owning, developing and operating shopping centers and of providing the required services and other facilities for those integrated operations. Each of the Obligors expects to derive benefits, directly or indirectly, in return for undertaking their respective obligations under the Loan Documents, both individually and as members of the integrated group.
Benefit of Loans. The Borrower represents and warrants to the Lenders: (i) that the financing provided for herein is for the mutual benefit of both the Partnership and the Company; and (ii) that the pricing, terms and conditions of the financing provided for herein are more favorable than those that the Company could reasonably expect to obtain were it to seek alternative financing independently of the Partnership.
Benefit of Loans. 49 4.22 REIT............................................................................................. 49
Benefit of Loans. 36 SECTION 4.21 REIT STATUS......................................................................36 ARTICLE V CONDITIONS .................................................................................37 SECTION 5.1 CONDITIONS TO EFFECTIVENESS / EFFECTIVE DATE.....................................37 SECTION 5.2 CONDITIONS TO LOAN FUNDING.......................................................38
