Common use of Business, Debt, Contracts, Etc Clause in Contracts

Business, Debt, Contracts, Etc. Borrower has not conducted any business other than the development of the Project and activities incidental thereto, it has no outstanding Debt or other material liabilities other than pursuant to or allowed by the Credit Documents, and it is not a party to or bound by any material contract other than the Operative Documents to which it is a party.

Business, Debt, Contracts, Etc. (a) With regard to the Project, Borrower has not conducted any business other than the development of business contemplated by the Project and activities incidental theretoOperative Documents, it has no outstanding Debt or other material liabilities other than pursuant to or allowed by the Credit DocumentsOperative Documents , and it is not a party to or bound by any material contract other than the Operative Documents to which it is a party; and (b) Borrower has no subsidiaries.

Business, Debt, Contracts, Etc. The Borrower has not conducted any business other than the development of business contemplated by the Project and activities incidental theretoOperative Documents or in connection with the Project, it has no outstanding Debt Indebtedness or other material liabilities other than pursuant to or allowed by the Credit Documents, Operative Documents (and it the Deferred Development Fee) and is not a party to or bound by any material contract other than the Operative Documents to which it is a party.