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 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 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 all relevant jurisdictions 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 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 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. 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 Property. Each Individual Borrower will qualify to do business and will remain in good standing under the laws of all relevant jurisdictions the jurisdiction of its formation as and to the extent the same are required for the ownership, maintenance, management and operation of the its Individual Property. Each Individual 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 its Individual Property in the manner required hereunder and in the manner in which it is currently operated.
Appears in 3 contracts
Samples: Loan Agreement (Inland Real Estate Income Trust, Inc.), Loan Agreement (Inland Real Estate Income 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 all relevant jurisdictions 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 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 2 contracts
Samples: Loan Agreement (Acadia Realty Trust), Loan Agreement (Acadia 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 in the laws jurisdiction in which the Property is located and the jurisdiction of all relevant jurisdictions as and to the extent the same are required for the ownership, maintenance, management and operation of the Propertyits formation. 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 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, maintenance, management and operation of the PropertyProperties. Borrower will qualify to do business and will remain in good standing under the laws of all relevant jurisdictions 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 and/or maintain all of the Equipment, Fixtures and Personal Property which are necessary to operate the Property 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 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 Propertyit. Borrower will qualify to do business and will remain in good standing under the laws of all relevant jurisdictions as each of its jurisdiction of its formation and to the extent jurisdiction in which any Individual Property encumbered by the same are required for the ownership, maintenance, management and operation of the PropertyMortgage is located. Borrower shall at all times during the term of the Loan, continue to own and/or maintain or lease, or require Tenants to own or lease, all of the Equipment, Fixtures and Personal Property which are necessary to operate the Property 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 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 all relevant jurisdictions 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 and/or maintain all of the Equipment, Fixtures and Personal Property which are necessary to operate the Property 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 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 remain in good standing under the laws of all relevant jurisdictions 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 and/or maintain or lease 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
