Common use of Mortgages and Deeds of Trust Clause in Contracts

Mortgages and Deeds of Trust. The mortgages and deeds of trust encumbering the properties and assets described in the Registration Statement, the General Disclosure Package and the Prospectus (A) are not convertible (in the absence of foreclosure) into an equity interest in the property or asset described therein or in the Trust, the Operating Partnership or any Subsidiary, nor does any of the Trust, the Operating Partnership or any Subsidiary hold a participating interest therein, (B) except as set forth in the Registration Statement, the General Disclosure Package and the Prospectus, are not cross-defaulted to any indebtedness other than indebtedness of the Trust or any Subsidiary and (C) are not cross-collateralized to any property not owned by the Trust, the Operating Partnership or any Subsidiary. None of the Trust, the Operating Partnership or any Subsidiary has received notice that its respective lenders do not intend to extend the terms of any of the loans encumbering its properties pursuant to the terms thereof.

Appears in 6 contracts

Samples: Purchase Agreement (Pennsylvania Real Estate Investment Trust), Purchase Agreement (Pennsylvania Real Estate Investment Trust), Purchase Agreement (Pennsylvania Real Estate Investment Trust)

AutoNDA by SimpleDocs

Mortgages and Deeds of Trust. The mortgages and deeds of trust encumbering the properties and assets described in the Registration Statement, the General Disclosure Package and the Prospectus (A) are not convertible (in the absence of foreclosure) into an equity interest in the property or asset described therein or in the TrustCompany, the Operating Partnership or any Subsidiary, nor does any of the TrustCompany, the Operating Partnership or any Subsidiary hold a participating interest therein, (B) except as set forth in the Registration Statement, the General Disclosure Package and the Prospectus, are not cross-defaulted to any indebtedness other than indebtedness of the Trust Company or any Subsidiary of the Subsidiaries and (C) are not cross-collateralized to any property not owned by the TrustCompany, the Operating Partnership or any Subsidiaryof the Subsidiaries. None of the TrustCompany, the Operating Partnership or any Subsidiary of the Subsidiaries has received notice that its respective lenders do not intend to extend the terms of any of the loans encumbering its properties pursuant to the terms thereof.

Appears in 3 contracts

Samples: Underwriting Agreement (CBL & Associates Properties Inc), Underwriting Agreement (CBL & Associates Properties Inc), Terms (CBL & Associates Properties Inc)

Mortgages and Deeds of Trust. The Except as set forth in the Registration Statement, the Disclosure Package and the Prospectus, the mortgages and deeds of trust encumbering the properties and assets described in the Registration Statement, the General Disclosure Package and the Prospectus (A) are not convertible (in the absence of foreclosure) into an equity interest in the property or asset described therein or in the TrustCompany, the Operating Partnership or any Subsidiary, nor does any of the TrustCompany, the Operating Partnership or any Subsidiary hold a participating interest therein, (B) except as set forth in the Registration Statement, the General Disclosure Package and the Prospectus, are not cross-defaulted cross‑defaulted to any indebtedness other than indebtedness of the Trust Company or any Subsidiary of the Subsidiaries and (C) are not cross-collateralized cross‑collateralized to any property not owned by the TrustCompany, the Operating Partnership or any Subsidiaryof the Subsidiaries. None of the TrustCompany, the Operating Partnership or any Subsidiary of the Subsidiaries has received notice that its respective lenders do not intend to extend the terms of any of the loans encumbering its properties pursuant to the terms thereof.

Appears in 3 contracts

Samples: Agreement (CBL & Associates Limited Partnership), Underwriting Agreement (CBL & Associates Limited Partnership), Underwriting Agreement (CBL & Associates Limited Partnership)

AutoNDA by SimpleDocs

Mortgages and Deeds of Trust. The Except as set forth in the Registration Statement, the Disclosure Package and the Prospectus, the mortgages and deeds of trust encumbering the properties and assets described in the Registration Statement, the General Disclosure Package and the Prospectus (A) are not convertible (in the absence of foreclosure) into an equity interest in the property or asset described therein or in the TrustCompany, the Operating Partnership or any Subsidiary, nor does any of the TrustCompany, the Operating Partnership or any Subsidiary hold a participating interest therein, (B) except as set forth in the Registration Statement, the General Disclosure Package and the Prospectus, are not cross-defaulted to any indebtedness other than indebtedness of the Trust Company or any Subsidiary of the Subsidiaries and (C) are not cross-collateralized to any property not owned by the TrustCompany, the Operating Partnership or any Subsidiaryof the Subsidiaries. None of the TrustCompany, the Operating Partnership or any Subsidiary of the Subsidiaries has received notice that its respective lenders do not intend to extend the terms of any of the loans encumbering its properties pursuant to the terms thereof.

Appears in 1 contract

Samples: Underwriting Agreement (CBL & Associates Properties Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!