Business Strategy. Maintain ownership of each Borrowing Base Property at all times consistent with the Borrower’s business strategy, and each Borrowing Base Property shall at all times be of an asset quality consistent with the quality of Borrowing Base Properties owned by the Borrowing Base Property Owners as of the date hereof.
Appears in 12 contracts
Samples: Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Realty Trust, Inc.)
Business Strategy. Maintain ownership of each Borrowing Base Property at all times consistent with the Borrower’s business strategy, and each Borrowing Base Property shall at all times be of an asset quality consistent in all material respects with or better than the quality of Borrowing Base Properties owned by the Borrowing Base Property Owners Loan Parties as of the date hereof.
Appears in 5 contracts
Samples: Credit Agreement (Chatham Lodging Trust), Credit Agreement (Chatham Lodging Trust), Credit Agreement (Chatham Lodging Trust)
Business Strategy. Maintain ownership of each Borrowing Base Property at all times consistent with the Borrower’s business strategy, and each Borrowing Base Property shall at all times be of an asset quality consistent in all material respects with or better than the quality of Borrowing Base Properties owned by the Borrowing Base Property Owners Loan Parties as of the date hereofEffective Date.
Appears in 3 contracts
Samples: Term Loan Credit Agreement (Chatham Lodging Trust), Amended and Restated Credit Agreement (Chatham Lodging Trust), Amendment and Restatement Agreement (Chatham Lodging Trust)
Business Strategy. Maintain ownership of each Borrowing Base Property at all times consistent with the Borrower’s 's business strategy, and each Borrowing Base Property shall at all times be of an asset quality consistent with the quality of Borrowing Base Properties owned by the Borrowing Base Property Owners as of the date hereof.
Appears in 1 contract
Samples: Revolving Credit Agreement (Mid America Apartment Communities Inc)