Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 77 contracts
Samples: Loan Agreement, Loan Agreement (Terra Tech Corp.), Loan Agreement (Terra Tech Corp.)
Business and Operations. Borrower will continue to engage in the businesses presently now conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 26 contracts
Samples: Loan Agreement (Silver Star Properties Reit, Inc), Loan Agreement, Loan Agreement (Priam Properties Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently now conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of the State and each other applicable jurisdiction in which the Property is located, in each case, as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 19 contracts
Samples: Loan Agreement (SITE Centers Corp.), Loan Agreement (Clipper Realty Inc.), Loan Agreement (Cedar Realty Trust, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties.
Appears in 19 contracts
Samples: Loan Agreement (Global Net Lease, Inc.), Loan Agreement (Global Medical REIT Inc.), Loan Agreement (Global Medical REIT Inc.)
Business and Operations. Borrower will shall continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will shall qualify to do business and will shall remain in good standing under the laws of each jurisdiction the State in which the Property is located and as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 14 contracts
Samples: Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Loan and Security Agreement (Strategic Hotels & Resorts, Inc)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties.
Appears in 9 contracts
Samples: Loan Agreement (Spirit Finance Corp), Loan Agreement (Spirit Finance Corp), Loan Agreement (Orchard Supply Hardware Stores Corp)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperty or ownership and management of an interest in Borrower (as applicable).
Appears in 8 contracts
Samples: Loan Agreement (FTE Networks, Inc.), Loan Agreement (FTE Networks, Inc.), Loan Agreement (FTE Networks, Inc.)
Business and Operations. Borrower will shall continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will shall qualify to do business and will shall remain in good standing under in the laws jurisdiction in which the Property is located and the jurisdiction of each jurisdiction as and to its formation. Borrower shall at all times during the extent the same are required for the ownership, maintenance, management and operation term of the PropertyLoan, continue to own all of Equipment, Fixtures and Personal Property which are necessary to operate the Property in the manner required hereunder and in the manner in which it is currently operated.
Appears in 8 contracts
Samples: Commercial Loan Agreement (Red Oak Capital Fund V, LLC), Commercial Loan Agreement (Red Oak Capital Fund V, LLC), Loan Agreement (Red Oak Capital Fund IV, LLC)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction of its formation as and to the extent the same are required for the ownership, maintenance, management and operation of the Property. Borrower shall at all times during the term of the Loan, continue to own all of Equipment, Fixtures and Personal Property which are necessary to operate the Property in the manner required hereunder and in the manner in which it is currently operated.
Appears in 7 contracts
Samples: Loan Agreement (Amerco /Nv/), Loan Agreement (TNP Strategic Retail Trust, Inc.), Loan Agreement (TNP Strategic Retail Trust, Inc.)
Business and Operations. Borrower will shall continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the each Individual Property. Borrower will shall qualify to do business and will shall remain in good standing under in the laws jurisdiction in which each Individual Property is located and the jurisdiction of each jurisdiction as and to its formation. Borrower shall at all times during the extent the same are required for the ownership, maintenance, management and operation term of the PropertyLoan, continue to own all of Equipment, Fixtures and Personal Property which are necessary to operate each Individual Property in the manner required hereunder and in the manner in which it is currently operated.
Appears in 7 contracts
Samples: Loan Agreement (Global Net Lease, Inc.), Loan Agreement (Strategic Storage Trust II, Inc.), Loan Agreement (Healthcare Trust, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management operation and operation leasing of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management operation and operation leasing of the related Property. Borrower shall at all times cause the Property to be maintained as cold and/or dry storage warehouse facilities and uses incidental thereto.
Appears in 5 contracts
Samples: Loan Agreement (Americold Realty Trust), Loan Agreement (Americold Realty Trust), Loan Agreement (Americold Realty Trust)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 5 contracts
Samples: Loan Agreement (reAlpha Tech Corp.), Loan Agreement (Piedmont Office Realty Trust, Inc.), Loan Agreement (Meristar Hospitality Corp)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the its Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the its Property.
Appears in 5 contracts
Samples: Loan Agreement (Servico Market Center Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc)
Business and Operations. Borrower Borrowers will continue to engage in the businesses presently conducted by it Borrowers as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties or the IP. Each Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties or the IP.
Appears in 4 contracts
Samples: Loan Agreement (Bref Hr, LLC), Loan Agreement (Hard Rock Hotel Holdings, LLC), Loan Agreement (Morgans Hotel Group Co.)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction all relevant jurisdictions as and to the extent the same are required for the ownership, maintenance, management and operation of the Property. Borrower shall at all times during the term of the Loan, continue to own and/or maintain all of the Equipment, Fixtures and Personal Property which are necessary to operate the Property in the manner required hereunder and in the manner in which it is currently operated.
Appears in 4 contracts
Samples: Building Loan Agreement (Acadia Realty Trust), Building Loan Agreement (Acadia Realty Trust), Building Loan Agreement (Acadia Realty Trust)
Business and Operations. Borrower will continue to engage in the businesses its business as presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Propertyconducted. Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction of its formation as and to the extent the same are required for the ownership, maintenance, management and operation of the Property. Borrower shall at all times during the term of the Loan, continue to own the Personal Property that it owns as of the date hereof, if any, which are necessary to operate the Property in the manner required hereunder and in the manner in which it is currently operated.
Appears in 4 contracts
Samples: Loan Agreement (Rodin Global Property Trust, Inc.), Loan Agreement (Rodin Global Property Trust, Inc.), Loan Agreement (Rodin Global Property Trust, Inc.)
Business and Operations. Borrower will continue to engage ----------------------- in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the its ownership, maintenance, management and operation of the PropertyProperties.
Appears in 4 contracts
Samples: Loan Agreement (Capital Automotive Reit), Loan Agreement (Capital Automotive Reit), Loan Agreement (Capital Automotive Reit)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as the state in which the real property comprising the Property is located and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 4 contracts
Samples: Loan Agreement (Alexanders Inc), Loan Agreement (Alexanders Inc), Loan Agreement (Urban Edge Properties)
Business and Operations. Borrower will shall continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the use, ownership, maintenance, management and operation of the Property. Borrower will shall qualify to do business and will shall remain in good standing under the laws of each jurisdiction the State in which the Property is located and as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 4 contracts
Samples: Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Loan and Security Agreement (Morgans Hotel Group Co.)
Business and Operations. Borrower will continue to engage in the businesses presently now conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation ownership of the PropertyCollateral. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation perfection of the PropertyCollateral.
Appears in 4 contracts
Samples: Mezzanine Loan Agreement (Industrial Logistics Properties Trust), Mezzanine B Loan Agreement (Industrial Logistics Properties Trust), Mezzanine a Loan Agreement (Industrial Logistics Properties Trust)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 4 contracts
Samples: Loan Agreement (American Financial Realty Trust), Loan Agreement (Prime Group Realty Trust), Loan Agreement (Glimcher Realty Trust)
Business and Operations. Borrower will shall continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will shall qualify to do business and will shall remain in good standing under the laws of each jurisdiction the State in which the Property is located as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 4 contracts
Samples: Loan and Security Agreement (Toys R Us Inc), Loan and Security Agreement (Station Casinos Inc), Loan and Security Agreement (Toys R Us Inc)
Business and Operations. Borrower Borrowers will continue to engage in the businesses presently conducted by it them as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties. Each Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties.
Appears in 3 contracts
Samples: Pledge and Security Agreement (MPG Office Trust, Inc.), Pledge and Security Agreement (MPG Office Trust, Inc.), Loan Agreement (Maguire Properties Inc)
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the related Property. Borrower shall at all times cause the Property to be maintained as a regional shopping center.
Appears in 3 contracts
Samples: Loan Agreement (Glimcher Realty Trust), Loan Agreement (Glimcher Realty Trust), Loan Agreement (Glimcher Realty Trust)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property, and Borrower shall not change the use of the Property from the use of the Property existing as of the Closing Date. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 3 contracts
Samples: Loan Agreement (NOVONIX LTD), Loan Agreement (NOVONIX LTD), Loan Agreement (Medalist Diversified REIT, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it in all material respects as and to the extent the same are reasonably necessary in Borrower’s commercially reasonable judgment for the ownership, maintenance, management and operation of the PropertyProperties. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties.
Appears in 3 contracts
Samples: Loan Agreement (Clipper Realty Inc.), Loan Agreement (Clipper Realty Inc.), Loan Agreement (Clipper Realty Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction of its formation as and to the extent the same are required for the ownership, maintenance, management and operation of the Property. Borrower shall at all times during the term of the Loan, continue to own the Personal Property which are necessary to operate the Property in the manner required hereunder and in the manner in which it is currently operated.
Appears in 3 contracts
Samples: Loan Agreement (Inland Diversified Real Estate Trust, Inc.), Loan Agreement (Inland Diversified Real Estate Trust, Inc.), Loan Agreement (Inland Diversified Real Estate Trust, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 3 contracts
Samples: Loan Agreement (Reading International Inc), Loan Agreement (Eldorado Resorts, Inc.), Loan Agreement (Wyndham International Inc)
Business and Operations. Borrower will shall continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will shall qualify to do business and will shall remain in good standing under the laws of the State in which each jurisdiction parcel of the Property is located and as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 3 contracts
Samples: Loan and Security Agreement (KBS Real Estate Investment Trust, Inc.), Loan and Security Agreement (American Financial Realty Trust), Loan and Security Agreement (American Financial Realty Trust)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property. Borrower shall at all times during the term of the Loan, continue to own all of the Equipment, Fixtures and Personal Property which are necessary to operate the Property in the manner required hereunder and in the manner in which it is currently operated.
Appears in 3 contracts
Samples: Loan Agreement (Behringer Harvard Reit I Inc), Loan Agreement (Behringer Harvard Reit I Inc), Loan Agreement (Behringer Harvard Reit I Inc)
Business and Operations. Borrower will shall continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will shall qualify to do business and will shall remain in good standing under in the laws jurisdiction in which the Property is located and the jurisdiction of each jurisdiction as and to its formation. Borrower shall at all times during the extent the same are required for the ownership, maintenance, management and operation term of the PropertyLoan, continue to own all of the Equipment, Fixtures and Personal Property which are necessary to operate the Property in the manner required hereunder and in the manner in which it is currently operated.
Appears in 2 contracts
Samples: Commercial Loan Agreement (Red Oak Capital Fund V, LLC), Commercial Loan Agreement (Red Oak Capital Fund V, LLC)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, development, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 2 contracts
Samples: Loan Agreement (Caesars Acquisition Co), Loan Agreement (Harrahs Entertainment Inc)
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower shall at all times cause the Property to be maintained as an office property with a restaurant on the first floor and other uses ancillary to such uses.
Appears in 2 contracts
Samples: Loan Agreement (Black Creek Diversified Property Fund Inc.), Loan Agreement (Black Creek Diversified Property Fund Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently now conducted by it as and to the extent the same are necessary for the ownership, maintenance, leasing, management and operation of the each Individual Property. Borrower will qualify to do business and will remain in good standing under the laws of the State and each other applicable jurisdiction in which each Individual Property is located, in each case, as and to the extent the same are required for the ownership, maintenance, leasing, management and operation of the each Individual Property.
Appears in 2 contracts
Samples: Loan Agreement (American Finance Trust, Inc), Loan Agreement (American Finance Trust, Inc)
Business and Operations. Each Borrower will continue to engage in the businesses presently now conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the each Individual Property. Each Borrower will qualify to do business and will remain in good standing under the laws of the State and each other applicable jurisdiction in which each applicable Individual Property is located, in each case, as and to the extent the same are required for the ownership, maintenance, management and operation by Borrower of the such Individual Property.
Appears in 2 contracts
Samples: Loan Agreement (Istar Inc.), Loan Agreement (Safety, Income & Growth, Inc.)
Business and Operations. Borrower will continue (and cause Owner to continue) to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the each Individual Property. Borrower will, and will cause Owner to, qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of each Individual Property and the PropertyCollateral.
Appears in 2 contracts
Samples: Mezzanine Loan Agreement (W2007 Grace Acquisition I Inc), Mezzanine Loan Agreement (American Realty Capital Hospitality Trust, Inc.)
Business and Operations. Each Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperty owned by such Borrower. Each Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperty owned by such Borrower.
Appears in 2 contracts
Samples: Loan Agreement (Generation Income Properties, Inc.), Loan Agreement (Generation Income Properties, Inc.)
Business and Operations. Borrower will shall continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property, and shall continue to operate the Property for such purposes. Borrower will qualify to do business and will remain in good standing under the laws Laws of each the jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 2 contracts
Samples: Loan Agreement (AmREIT, Inc.), Loan Agreement (Cole Credit Property Trust Iv, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently now conducted by it as and to the extent the same are necessary for the ownership, maintenance, leasing, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of the State and each other applicable jurisdiction in which the Property is located, in each case, as and to the extent the same are required for the ownership, maintenance, leasing, management and operation of the Property.
Appears in 2 contracts
Samples: Loan Agreement (American Realty Capital New York City REIT, Inc.), Loan Agreement (American Realty Capital New York City REIT, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the related Property. Borrower shall at all times cause the Property to be maintained as a first class office building.
Appears in 2 contracts
Samples: Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Thomas Properties Group Inc)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of (a) the State and (b) each other jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 2 contracts
Samples: Loan Agreement (Lodging Fund REIT III, Inc.), Loan Agreement (Lodging Fund REIT III, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties. To the extent that a Single Tenant Lease does not exist with respect to any Individual Property (or any portion thereof), Borrower will engage in the businesses needed to be conducted by it to the extent that the same are necessary for the maintenance, management and operation of the Properties.
Appears in 2 contracts
Samples: Loan Agreement (Cole Credit Property Trust II Inc), Loan Agreement (Spirit Realty Capital, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently now conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties. Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties.
Appears in 2 contracts
Samples: Loan Agreement (American Realty Capital Trust III, Inc.), Loan Agreement (Strategic Storage Trust, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property. Borrower shall not acquire any real property other than the Property.
Appears in 2 contracts
Samples: Building Loan Agreement (ACRES Commercial Realty Corp.), Loan Agreement (Medical Billing Assistance, Inc.)
Business and Operations. The Borrower will and its Subsidiary Entities shall continue to engage in the businesses presently conducted by it them as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business Collateral and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Mortgaged Property.
Appears in 2 contracts
Samples: Senior Mezzanine Credit Agreement (Technical Olympic Usa Inc), Junior Mezzanine Credit Agreement (Technical Olympic Usa Inc)
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the PropertyIndividual Properties. Each Individual Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the Propertyrelated Individual Properties. Borrower shall at all times cause the Individual Properties to be maintained as first class full service hotels.
Appears in 2 contracts
Samples: Loan Agreement (Host Marriott Corp/), Loan Agreement (Host Marriott L P)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower Each Owner will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 2 contracts
Samples: Loan Agreement (Banyan Strategic Realty Trust), Loan Agreement (Banyan Strategic Realty Trust)
Business and Operations. Each Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the its Individual Property. Each Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the its Individual Property.
Appears in 2 contracts
Samples: Loan Agreement (Lodgian Inc), Loan Agreement (Servico Market Center Inc)
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower shall at all times cause the Property to be maintained as an office building.
Appears in 2 contracts
Samples: Loan and Security Agreement (NNN 2003 Value Fund LLC), Loan and Security Agreement (NNN 2003 Value Fund LLC)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperty unless such failure to so qualify could not reasonably be expected to have a Material Adverse Effect.
Appears in 2 contracts
Samples: Loan Agreement (Prime Group Realty Trust), Mezzanine Loan Agreement (Prime Group Realty Trust)
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the related Property. Borrower shall at all times cause the Property to be maintained as an office property with related ancillary uses.
Appears in 2 contracts
Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Loan Agreement (Trizec Properties Inc)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the each Individual Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the each Individual Property.
Appears in 2 contracts
Samples: Loan Agreement (W2007 Grace Acquisition I Inc), Loan Agreement (American Realty Capital Hospitality Trust, Inc.)
Business and Operations. Each Individual Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties. Each Individual Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties.
Appears in 2 contracts
Samples: Loan Agreement (Innkeepers Usa Trust/Fl), Loan Agreement (Innkeepers Usa Trust/Fl)
Business and Operations. Each Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperty or Properties owned by such Borrower. Each Borrower will qualify to do business business, and will remain in good standing standing, under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperty or Properties owned by such Borrower.
Appears in 2 contracts
Samples: Loan Agreement (Cole Credit Property Trust Inc), Loan Agreement (Cole Credit Property Trust III, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property. Borrower shall at all times cause the Property to be maintained as an office building.
Appears in 2 contracts
Samples: Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Loan Agreement (Consolidated Tomoka Land Co)
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the related Property. Borrower shall at all times cause the Property to be maintained as a commercial retail shopping center.
Appears in 2 contracts
Samples: Loan Agreement (Cedar Shopping Centers Inc), Loan Agreement (Cedar Shopping Centers Inc)
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the related Property. Borrower shall at all times cause the Property to be maintained as an office building with related retail facilities and other amenities.
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction the jurisdictions where the Properties are located as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties.
Appears in 1 contract
Business and Operations. For so long as Borrower owns the Property, Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently now conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.. 66
Appears in 1 contract
Samples: Loan Agreement (Inland Real Estate Income Trust, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, construction, development, management and operation of the PropertyProject. Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property. Borrower shall at all times during the term of the Loan, continue to own all of the Equipment, Fixtures and Personal Property which are necessary to operate the Property in the manner required hereunder and in the manner in which it is currently operated.
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties.
Appears in 1 contract
Samples: Loan Agreement (Netreit, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the PropertyProperties by Owner. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the PropertyProperties.
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the related Property. Borrower shall at all times cause the Operating Company to maintain each Individual Property as a KinderCare child care center.
Appears in 1 contract
Samples: Loan Agreement (Kindercare Learning Centers Inc /De)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, development, maintenance, management and operation of the Property. Borrower will qualify to 119 do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 1 contract
Samples: Loan Agreement (Bh Re LLC)
Business and Operations. Borrower will shall continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction the State in which the Property is located and as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 1 contract
Samples: Loan and Security Agreement (Hudson Pacific Properties, Inc.)
Business and Operations. Borrower Borrowers will continue to engage in the businesses presently now conducted by it them as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties. Borrower Borrowers will qualify to do business and will remain in good standing under the laws of each jurisdiction the State where the Property owned by it is located as and to the extent the same are is required for the ownership, maintenance, management and operation of the PropertyProperties.
Appears in 1 contract
Business and Operations. Each Borrower will continue to engage in the businesses presently conducted by it them as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties. Borrower will qualify to do business and will remain in good standing under the laws of each 81 jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties.
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it them as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the Individual Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the Individual Property. Borrower shall at all times cause the Individual Property to be maintained as an office building.
Appears in 1 contract
Samples: Loan Agreement (Wells Real Estate Investment Trust Inc)
Business and Operations. Borrower will continue to engage in the businesses business presently conducted by it as and to the extent the same are is necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction of its formation and of the State as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.. 5.1.12
Appears in 1 contract
Samples: Loan Agreement (CaliberCos Inc.)
Business and Operations. Borrower will shall continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will shall qualify to do business and will shall remain in good standing subject to the terms hereof under the laws of each jurisdiction the State in which the Property is located as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 1 contract
Samples: Loan and Security Agreement (Bloomin' Brands, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.ownership DMEAST #17478116 v7 45
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the ----------------------- businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of each of the PropertyProperties. Borrower and its general partner will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of each of the PropertyProperties.
Appears in 1 contract
Business and Operations. Borrower will shall continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of each of the PropertyProperties. Borrower will shall qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of each of the PropertyProperties.
Appears in 1 contract
Samples: Loan Agreement (Capstar Hotel Co)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperty to the extent necessary to avoid a Material Adverse Effect.
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyMortgaged Properties. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyMortgaged Properties.
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the related Property. Borrower shall at all times cause the Property to be maintained as a carrier hotel/telecommunications interconnection facility.
Appears in 1 contract
Samples: Loan Agreement (Telx Group, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently now conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.. Section 4.4
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property. Borrower shall at all times cause the Property to be maintained as a hotel (subject to the provisions of this Agreement).
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the related Property. Borrower shall at all times cause each Individual Property to be maintained as an industrial business park.
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property. Borrower shall at all times cause the Property to be maintained for (a) developing and supplying systems for electronics manufacturing and related operations and (b) purposes permitted under the Existing Leases or other Leases permitted under this Agreement.
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of each of the PropertyProperties. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of each of the PropertyProperties.
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the 38 extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 1 contract
Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)
Business and Operations. Borrower will continue to engage in the businesses business presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Propertyit. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation conduct of the Propertyits business.
Appears in 1 contract
Business and Operations. Each Borrower will continue to engage in the businesses presently now conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Each Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.
Appears in 1 contract
Business and Operations. Each Individual Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyIndividual Property owned by such Individual Borrower. Each Individual Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyIndividual Property owned by such Individual Borrower.
Appears in 1 contract
Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it it, as and to the extent the same are necessary for the ownership, operation, maintenance, repair, improvement, development, sale, management and operation leasing of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation of the Property.
Appears in 1 contract
Samples: Loan Agreement (Pacific Oak Strategic Opportunity REIT II, Inc.)
Business and Operations. Borrower Borrowers will continue to engage in the businesses presently currently conducted by it them as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the PropertyIndividual Properties. Each Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the related Individual Property. Borrowers shall at all times cause each Individual Property to be maintained as an office building.
Appears in 1 contract
Samples: Loan Agreement (Wells Real Estate Investment Trust Inc)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties. Borrower will qualify to do business and will remain in, and cause Operating Lessee to remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties.
Appears in 1 contract
Samples: Loan Agreement (Inland American Real Estate Trust, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently now conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property. ARTICLE 7.
Appears in 1 contract
Samples: Loan Agreement (CaliberCos Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of each of the PropertyProperties. Borrower will 49 qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of each of the PropertyProperties.
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties. Borrower shall at all times during the term of the Loan, continue to own all of the Equipment, Fixtures and Personal Property which are necessary to operate the Properties in the manner required hereunder and in the manner in which it is currently operated.
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower shall at all times cause the Property to be maintained as a hotel.
Appears in 1 contract
Business and Operations. Borrower will shall continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the each Individual Property. Borrower will shall qualify to do business and will shall remain in good standing under in the laws jurisdiction in which each Individual Property is located and the jurisdiction of each jurisdiction as and to its formation. Borrower shall at all times during the extent the same are required for the ownership, maintenance, management and operation term of the PropertyLoan, continue to own all of the Equipment, Fixtures and Personal Property which are necessary to operate each Individual Property in the manner required hereunder and in the manner in which it is currently operated.
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties. Borrower will qualify and maintain its qualification to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties.
Appears in 1 contract
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the PropertyProperties. Borrower will qualify to do business and will remain in good standing under the laws of each the jurisdiction of its formation as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties. Borrower shall at all times during the term of the Loan, continue to own all of Equipment, Fixtures and Personal Property which are necessary to operate the Properties in the manner required hereunder and in the manner in which it is currently operated.
Appears in 1 contract
Samples: Loan Agreement (Sun Communities Inc)
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property. Borrower shall at all times cause the Property to be maintained as a shopping center.
Appears in 1 contract
Samples: Loan Agreement (American Realty Capital - Retail Centers of America, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property. Borrower shall keep and maintain all Licenses necessary for the operation of the Property and each portion thereof for its intended uses and otherwise as a select service hotel.
Appears in 1 contract
Samples: Loan Agreement (Lightstone Value Plus Real Estate Investment Trust V, Inc.)
Business and Operations. Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. , Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.. 45
Appears in 1 contract
Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)
Business and Operations. Borrower will continue to engage in the businesses presently currently conducted by it them as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of the PropertyIndividual Properties. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the related Individual Property. Borrower shall at all times cause each Individual Property to be maintained as an office building.
Appears in 1 contract
Samples: Loan Agreement (Wells Real Estate Investment Trust Inc)