Fraudulent Transfer. Borrower has not entered into the Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, and Borrower has received reasonably equivalent value in exchange for its obligations under the Loan Documents. Giving effect to the transactions contemplated by the Loan Documents, the fair saleable value of Borrower's assets exceeds and will, immediately following the execution and delivery of the Loan Documents, exceed Borrower's total liabilities, including subordinated, unliquidated, disputed or contingent liabilities. The fair saleable value of Borrower's assets is and will, immediately following the execution and delivery of the Loan Documents, be greater than Borrower's probable liabilities, including the maximum amount of its contingent liabilities or its debts as such debts become absolute and matured. Borrower's assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. Borrower does not intend to, and does not believe that it will, incur debts and liabilities (including contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts to be payable on or in respect of obligations of Borrower).
Appears in 5 contracts
Samples: Loan Agreement (Prime Group Realty Trust), Loan Agreement (Fac Realty Trust Inc), Loan Agreement (Prime Group Realty Trust)
Fraudulent Transfer. Borrower Borrower
(1) has not entered into the Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, creditor and Borrower has (2) received reasonably equivalent value in exchange for its obligations under the Loan Documents. Giving effect to the transactions Loan contemplated by the Loan Documents, the fair saleable value of Borrower's ’s assets exceeds exceed and will, immediately following the execution and delivery of the Loan Documents, exceed Borrower's ’s total liabilities, including including, without limitation, subordinated, unliquidated, disputed or contingent liabilities. The fair saleable market value of Borrower's ’s assets is and will, immediately following the execution and delivery of the Loan Documents, be greater than Borrower's ’s probable liabilities, including the maximum amount of its contingent liabilities or its debts as such debts become absolute and matured. Borrower's ’s assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. Borrower does not intend to, and does not believe that it will, incur debts and liabilities (including including, without limitation, contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts to be payable on or in respect of obligations of Borrower).
Appears in 4 contracts
Samples: Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc)
Fraudulent Transfer. Borrower Borrower
(1) has not entered into the Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, creditor and Borrower (2) has received reasonably equivalent value in exchange for its obligations under the Loan Documents. Giving effect to the transactions Loan contemplated by the Loan Documents, the fair saleable value of Borrower's ’s assets exceeds exceed and will, immediately following the execution and delivery of the Loan Documents, exceed Borrower's ’s total liabilities, including including, without limitation, subordinated, unliquidated, disputed or contingent liabilities. The fair saleable market value of Borrower's ’s assets is and will, immediately following the execution and delivery of the Loan Documents, be greater than Borrower's ’s probable liabilities, including the maximum amount of its contingent liabilities or its debts as such debts become absolute and matured. Borrower's ’s assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. Borrower does not intend to, and does not believe that it will, incur debts and liabilities (including including, without limitation, contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts to be payable on or in respect of obligations of Borrower).
Appears in 3 contracts
Samples: Senior Mezzanine Loan Agreement (Maguire Properties Inc), Junior Mezzanine Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc)
Fraudulent Transfer. Borrower has not entered into the Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, and Borrower has received reasonably equivalent value in exchange for its obligations under the Loan Documents. Giving effect to the transactions contemplated by the Loan Documents, the fair saleable value of Borrower's ’s assets exceeds and will, immediately following the execution and delivery of the Loan Documents, exceed Borrower's ’s total probable liabilities, including subordinated, unliquidated, disputed or contingent liabilities. The fair saleable value of Borrower's ’s assets is is, and will, immediately following the execution and delivery making of the Loan DocumentsLoan, be will be, greater than Borrower's ’s probable liabilities, including the maximum amount of its contingent liabilities or on its debts as such debts become absolute and matured. Borrower's ’s assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. Borrower does not intend to, and does not believe that it will, incur debts and liabilities (including contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts to be payable on or in respect of the obligations of Borrower).
Appears in 3 contracts
Samples: Mezzanine Loan Agreement (OVERSTOCK.COM, Inc), Loan Agreement (OVERSTOCK.COM, Inc), Loan Agreement (Condor Hospitality Trust, Inc.)
Fraudulent Transfer. No Borrower has not entered into the Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, and each Borrower has received reasonably equivalent value in exchange for its obligations under the Loan Documents. Giving effect to the transactions contemplated by the Loan Documents, the fair saleable value of each Borrower's ’s assets exceeds and will, immediately following the execution and delivery of the Loan Documents, exceed such Borrower's ’s total liabilities, including subordinated, unliquidated, disputed or contingent liabilities. The fair saleable value of each Borrower's ’s assets is is, and will, immediately following the execution and delivery making of the Loan DocumentsLoan, be will be, greater than such Borrower's probable ’s liabilities, including the maximum amount of its contingent liabilities or on its debts as such debts become absolute and matured. Each Borrower's ’s assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. No Borrower does not intend intends to, and does not believe believes that it will, incur debts and liabilities (including contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts of cash to be received by such Borrower and the amounts to be payable on or in respect of the obligations of such Borrower).
Appears in 2 contracts
Samples: Loan Agreement (American Realty Capital New York City REIT, Inc.), Loan Agreement (American Finance Trust, Inc)
Fraudulent Transfer. Borrower has not entered into the Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, and Borrower has received reasonably equivalent value in exchange for its obligations under the Loan Documents. Giving effect to the transactions contemplated by the Loan Documents, the fair saleable value of Borrower's assets exceeds and will, immediately following the execution and delivery of the Loan Documents, exceed Borrower's total probable liabilities, including subordinated, unliquidated, disputed or contingent liabilities. The fair saleable value of Borrower's assets is is, and will, immediately following the execution and delivery making of the Loan DocumentsLoan, be will be, greater than Borrower's probable liabilities, including the maximum amount of its contingent liabilities or on its debts as such debts become absolute and matured. Borrower's assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. Borrower does not intend to, and does not believe that it will, incur debts and liabilities (including contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts of cash to be received by Borrower and the amounts to be payable on or in respect of the obligations of Borrower).
Appears in 2 contracts
Samples: Loan Agreement (Medalist Diversified REIT, Inc.), Loan Agreement (Medalist Diversified REIT, Inc.)
Fraudulent Transfer. No Individual Borrower has not entered into the Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, and each Individual Borrower has received reasonably equivalent value in exchange for its obligations under the Loan Documents. Giving effect to the transactions contemplated by the Loan Documents, the fair saleable value of Borrower's assets exceeds and will, immediately following the execution and delivery of the Loan Documents, exceed Borrower's total liabilities, including subordinated, unliquidated, disputed or contingent liabilities. The fair saleable value of Borrower's assets is and will, immediately following the execution and delivery of the Loan Documents, be greater than Borrower's probable liabilities, including the maximum amount of its contingent liabilities or its debts as such debts become absolute and matured. Each Individual Borrower's assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. Borrower does not intend to, and does not believe that it will, incur debts and liabilities (including contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts to be payable on or in respect of obligations of Borrower).
Appears in 2 contracts
Samples: Loan Agreement (Innkeepers Usa Trust/Fl), Loan Agreement (Innkeepers Usa Trust/Fl)
Fraudulent Transfer. No Borrower has not entered into the Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, and each Borrower has received reasonably equivalent value in exchange for its obligations under the Loan Documents. Giving effect to the transactions contemplated by the Loan Documents, the fair saleable value of each Borrower's assets exceeds and will, immediately following the execution and delivery of the Loan Documents, exceed Borrower's total liabilities, including subordinated, unliquidated, disputed or contingent liabilities. The fair saleable value of each Borrower's assets is and will, immediately following the execution and delivery of the Loan Documents, be greater than such Borrower's probable liabilities, including the maximum amount of its contingent liabilities or its debts as such debts become absolute and matured. Each Borrower's assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. No Borrower does not intend intends to, and does not believe or believes that it will, incur debts and liabilities (including contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts to be payable on or in respect of obligations of such Borrower).
Appears in 1 contract
Fraudulent Transfer. No Borrower has not entered into the Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, and each Borrower has received reasonably equivalent value in exchange for its obligations under the Loan Documents. Giving effect to the transactions contemplated by the Loan Documents, the fair saleable value of each Borrower's ’s assets exceeds and will, immediately following the execution and delivery of the Loan Documents, exceed Borrower's such Xxxxxxxx’s total probable liabilities, including subordinated, unliquidated, disputed or contingent liabilities. The fair saleable value of each Borrower's ’s assets is is, and will, immediately following the execution and delivery making of the Loan Documentswill be, be greater than such Borrower's ’s probable liabilities, including the maximum amount of its contingent liabilities or on its debts as such debts become absolute and matured. Each Borrower's ’s assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. No Borrower does not intend intends to, and does not believe believes that it will, incur debts and liabilities (including contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts of cash to be received by such Borrower and the amounts to be payable on or in respect of the obligations of such Borrower).
Appears in 1 contract
Samples: Loan Agreement (GTJ Reit, Inc.)
Fraudulent Transfer. Borrower has not entered into the ------------------- Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, and Borrower has received reasonably equivalent value in exchange for its obligations under the Loan Documents. Giving effect to the transactions contemplated by the Loan Documents, the fair saleable value of Borrower's assets exceeds and will, immediately following the execution and delivery of the Loan Documents, exceed Borrower's total liabilities, including subordinated, unliquidated, disputed or contingent liabilities. The fair saleable value of Borrower's assets is and will, immediately following the execution and delivery of the Loan Documents, be greater than Borrower's probable liabilities, including the maximum amount of its contingent liabilities or its debts as such debts become absolute and matured. Borrower's assets do not andassets, now or immediately following the execution and delivery of the Loan Documents Documents, do not and will not, not constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. Borrower does not intend to, and does not believe that it will, incur debts and liabilities (including contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts to be payable on or in respect of obligations of Borrower).
Appears in 1 contract
Samples: Loan Agreement (Saul Centers Inc)
Fraudulent Transfer. Borrower (1) has not entered into the Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, creditor and Borrower has (2) received reasonably equivalent value in exchange for its obligations under the Loan Documents. Giving effect to the transactions Loan contemplated by the Loan Documents, the fair saleable value of Borrower's assets exceeds exceed and will, immediately following the execution and delivery of the Loan Documents, exceed Borrower's total liabilities, including including, without limitation, subordinated, unliquidated, disputed or contingent liabilities. The fair saleable market value of Borrower's assets is and will, immediately following the execution and delivery of the Loan Documents, be greater than Borrower's probable liabilities, including the maximum amount of its contingent liabilities or its debts as such debts become absolute and matured. Borrower's assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. Borrower does not intend to, and does not believe that it will, incur debts and liabilities (including including, without limitation, contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts to be payable on or in respect of obligations of Borrower).
Appears in 1 contract
Fraudulent Transfer. No Borrower has not entered into the Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, and each Borrower has received reasonably equivalent value in exchange for its obligations under the Loan Documents. Giving effect to the transactions contemplated by the Loan Documents, the fair saleable value of each Borrower's assets exceeds and will, immediately following the execution and delivery of the Loan Documents, exceed such Borrower's total probable liabilities, including subordinated, unliquidated, disputed or contingent liabilities. The fair saleable value of each Borrower's assets is is, and will, immediately following the execution and delivery making of the Loan DocumentsLoan, be will be, greater than such Borrower's probable liabilities, including the maximum amount of its contingent liabilities or on its debts as such debts become absolute and matured. Each Borrower's assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. No Borrower does not intend intends to, and does not believe that it will, incur debts and liabilities (including contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts to be payable on or in respect of obligations of such Borrower).
Appears in 1 contract
Samples: Loan Agreement (Parking REIT, Inc.)
Fraudulent Transfer. Borrower Borrower
(1) has not entered into the Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, creditor and Borrower has (2) received reasonably equivalent value in exchange for its obligations under the Loan Documents. Giving effect to the transactions Loan contemplated by the Loan Documents, the fair saleable value of Borrower's assets exceeds exceed and will, immediately following the execution and delivery of the Loan Documents, exceed Borrower's total liabilities, including including, without limitation, subordinated, unliquidated, disputed or contingent liabilities. The fair saleable market value of Borrower's assets is and will, immediately following the execution and delivery of the Loan Documents, be greater than Borrower's probable liabilities, including the maximum amount of its contingent liabilities or its debts as such debts become absolute and matured. Borrower's assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. Borrower does not intend to, and does not believe that it will, incur debts and liabilities (including including, without limitation, contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts to be payable on or in respect of obligations of Borrower).
Appears in 1 contract
Fraudulent Transfer. No Borrower has not entered into the Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, and each Borrower has received reasonably equivalent value in exchange for its obligations under the Loan Documents. Giving effect to the transactions contemplated by the Loan Documents, the fair saleable value of Borrower's assets exceeds and will, immediately following the execution and delivery of the Loan Documents, exceed Borrower's total liabilities, including subordinated, unliquidated, disputed or contingent liabilities. The fair saleable value of Borrower's assets is and will, immediately following the execution and delivery of the Loan Documents, be greater than Borrower's probable liabilities, including the maximum amount of its contingent liabilities or its debts as such debts become absolute and matured. Borrower's assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. Borrower does not intend to, and does not believe nor believes that it will, incur debts and liabilities (including contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts to be payable on or in respect of obligations of Borrower).
Appears in 1 contract
Fraudulent Transfer. Borrower None of the Borrowers (i) has not entered into the Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, creditor and Borrower (ii) has received reasonably equivalent value in exchange for its obligations under the Loan Documents. Giving effect to the transactions contemplated by the Loan Documents, the fair saleable value of each Borrower's assets exceeds and will, immediately following the execution and delivery of the Loan Documents, exceed Borrower's its total liabilities, including subordinated, unliquidated, disputed or contingent liabilities. The fair saleable value of each Borrower's assets is and will, immediately following the execution and delivery of the Loan Documents, be greater than Borrower's its probable liabilities, including the maximum amount of its contingent liabilities or its debts as such debts become absolute and matured. Each Borrower's assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out on its business as conducted or as proposed to be conducted. No Borrower does not intend to, and does not believe that it will, intends to incur debts and liabilities (including contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts to be payable on or in respect of obligations of Borrowerits obligations).
Appears in 1 contract
Samples: Revolving Credit Agreement (Shelbourne Properties Ii Inc)