Common use of Business and Operations Clause in Contracts

Business and Operations. Borrower will qualify to do business and will remain in good standing under the laws of the State as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.

Appears in 39 contracts

Samples: Loan Agreement (MVP REIT, Inc.), Loan Agreement (MVP REIT II, Inc.), Loan Agreement (Independence Realty Trust, Inc)

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Business and Operations. Borrower will qualify to do business and will remain in good standing under the laws of the State States as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties.

Appears in 8 contracts

Samples: Loan Agreement (Stirling Hotels & Resorts, Inc.), Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)

Business and Operations. Borrower will qualify to do business and will remain in good standing under the laws of the State jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation of the PropertyCollateral.

Appears in 6 contracts

Samples: Mezzanine Loan Agreement (Northstar Realty Finance Corp.), Mezzanine Loan Agreement (Northstar Realty Finance Corp.), Mezzanine Loan Agreement (Northstar Realty Finance Corp.)

Business and Operations. Borrower will qualify to do business and will remain in good standing under the laws of the State as and States to the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperties.

Appears in 2 contracts

Samples: Loan Agreement (Corporate Property Associates 15 Inc), Loan Agreement (Corporate Property Associates 16 Global Inc)

Business and Operations. Borrower will qualify to do business and will remain in good standing under the laws of the State as and to the extent the same are required for the ownership, maintenance, management leasing and operation of the Property.

Appears in 2 contracts

Samples: Loan Agreement (Bon Ton Stores Inc), Loan Agreement (Bon Ton Stores Inc)

Business and Operations. Borrower will shall qualify to do business and will shall remain in good standing under the laws of the State jurisdiction of its formation as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyCollateral.

Appears in 2 contracts

Samples: Mezzanine Loan Agreement, Mezzanine Loan Agreement (TNP Strategic Retail Trust, Inc.)

Business and Operations. Borrower Borrowers will qualify to do business and will remain in good standing under the laws of the State 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 (Extra Space Storage Inc.), Loan Agreement (Extra Space Storage Inc.)

Business and Operations. Borrower will qualify to do business and will remain in good standing under the laws of the State jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the applicable Individual Property.

Appears in 2 contracts

Samples: Loan Agreement (NorthStar Healthcare Income, Inc.), Loan Agreement (Northstar Realty Finance Corp.)

Business and Operations. 77- Each Borrower will qualify to do business and will remain in good standing under the laws of the State as and to the extent the same are required for the ownership, maintenance, management and operation of the its Individual Property.

Appears in 1 contract

Samples: Loan Agreement (Griffin Capital Essential Asset REIT, Inc.)

Business and Operations. Each Borrower will qualify to do business and will remain in good standing under the laws of the State as and to the extent the same are required for the ownership, maintenance, management and operation of the applicable Individual Property.

Appears in 1 contract

Samples: Term Loan Agreement (Developers Diversified Realty Corp)

Business and Operations. Borrower will qualify to do business and ----------------------- will remain in good standing under the laws of the State each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Mortgaged Property.

Appears in 1 contract

Samples: Loan Agreement (Desert Springs Marriott Limited Partnership)

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Business and Operations. Borrower will qualify to do business and will remain in good standing under the laws of the State as and to the extent the same are required for the ownership, maintenance, management and operation of the each Individual Property.

Appears in 1 contract

Samples: Loan Agreement (Extra Space Storage Inc.)

Business and Operations. Borrower will qualify to do business and will remain in good standing under the laws of the State as and to state in which the extent the same are required for the ownership, maintenance, management and operation of the PropertyProperty is located.

Appears in 1 contract

Samples: Loan Agreement (Acadia Realty Trust)

Business and Operations. Borrower will qualify to do business and will remain in good standing under the laws of the State as and to the extent the same are legally required for the ownership, maintenance, management and operation of the Property.

Appears in 1 contract

Samples: Loan Agreement (Ashworth Inc)

Business and Operations. Borrower will qualify to do business and will remain in good standing under the laws of the State 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 (City Office REIT, Inc.)

Business and Operations. Each Borrower will qualify to do business and will remain in good standing under the laws of the State as and to the extent the same are required for the ownership, maintenance, management and operation of the its Individual Property.

Appears in 1 contract

Samples: Loan Agreement (Griffin Capital Essential Asset REIT II, Inc.)

Business and Operations. Borrower will qualify to do business and will remain in good standing under the laws of the applicable State as and to the extent the same are required for the ownership, maintenance, management and operation of the each Property.

Appears in 1 contract

Samples: Loan Agreement (RFS Partnership Lp)

Business and Operations. The Borrower will qualify to do business and will remain in good standing under the laws of the State each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the PropertyRestaurants.

Appears in 1 contract

Samples: Loan Agreement (Daka International Inc)

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