Common use of Commingling; FIRPTA Clause in Contracts

Commingling; FIRPTA. No Borrower has commingled the funds related to the Projects with funds from any other property. Neither Borrowers nor any partner, stockholder, member or other principal in Borrowers is or will be, and no legal or beneficial interest of a partner, stockholder, member or other principal in Borrowers is or will be held, directly or indirectly, by a "foreign corporation", "foreign partnership", "foreign trust", "foreign estate", "foreign person", "affiliate" of a "foreign person" or a "United States intermediary" of a "foreign person" within the meaning of the Internal Revenue Code Sections 897, 1445 or 7701, the Foreign Investments in Real Property Tax Act of 1980, the International Foreign Investment Survey Act of 1976, the Agricultural Foreign Investment Disclosure Act of 1978, or the regulations promulgated pursuant to such Acts or any amendments to such Acts.

Commingling; FIRPTA. No Borrower has commingled the funds related to the Projects with funds from any other propertyproperty other than commingling of funds from one of the Projects with funds from one or more of the other Projects. Neither Borrowers nor any partner, stockholder, member or other principal in Borrowers is or will be, and no legal or beneficial interest of a direct partner, stockholder, member or other principal in Borrowers is or will be held, held directly or indirectly, by a "“foreign corporation"”, "“foreign partnership"”, "“foreign trust"”, "“foreign estate"”, "“foreign person"”, "“affiliate" ” of a "“foreign person" ” or a "“United States intermediary" ” of a "“foreign person" ” within the meaning of the Internal Revenue Code Sections 897, 1445 or 7701, the Foreign Investments in Real Property Tax Act of 1980, the International Foreign Investment Survey Act of 1976, the Agricultural Foreign Investment Disclosure Act of 1978, or the regulations promulgated pursuant to such Acts or any amendments to such Acts.

Commingling; FIRPTA. No Borrower has commingled the funds related to the Projects with funds from any other property. Neither Borrowers nor any partner, stockholder, member or other principal in Borrowers is or will be, and no legal or beneficial interest of a partner, stockholder, member or other principal in Borrowers is or will be held, directly or indirectly, by a "“foreign corporation"”, "“foreign partnership"”, "“foreign trust"”, "“foreign estate"”, "“foreign person"”, "“affiliate" ” of a "“foreign person" ” or a "“United States intermediary" ” of a "“foreign person" ” within the meaning of the Internal Revenue Code Sections 897, 1445 or 7701, the Foreign Investments in Real Property Tax Act of 1980, the International Foreign Investment Survey Act of 1976, the Agricultural Foreign Investment Disclosure Act of 1978, or the regulations promulgated pursuant to such Acts or any amendments to such Acts.