New Borrower Parties' Interests. Neither New Borrower nor any of its members or managers is obtaining a loan to finance its interest in New Borrower or the Project or pledging its interest in New Borrower to any party, and none of New Borrower's members have any right to take over control from any of such other members.
Appears in 5 contracts
Samples: Joinder by and Agreement (American Realty Capital Healthcare Trust Inc), Note and Mortgage Assumption Agreement (American Realty Capital Healthcare Trust Inc), Note and Mortgage Assumption Agreement (American Realty Capital Healthcare Trust Inc)
New Borrower Parties' Interests. Neither None of New Borrower nor Parties or any of its members or managers the Related Entities is obtaining a loan to finance its direct or indirect interest in New Borrower or the Project Property or pledging its direct or indirect interest in New Borrower to any party, and none of the entities or individuals owning a direct or indirect interest in New Borrower's members have Borrower has any right to take over control from any of such other membersentities or individuals.
Appears in 2 contracts
Samples: Assumption Agreement (Lodging Fund REIT III, Inc.), Assumption Agreement (Strategic Storage Trust II, Inc.)
New Borrower Parties' Interests. Neither None of New Borrower nor any of its members or managers Parties is obtaining a loan (other than the Loan) to finance its direct or indirect interest in New Borrower or the Project or pledging its direct or indirect interest in New Borrower to any party, and none of the entities or individuals owning a direct or indirect interest in New Borrower's members have Borrower has any right to take over control of New Borrower from any of such other membersentities or individuals.
Appears in 1 contract
Samples: Assumption Agreement (Independence Realty Trust, Inc)
New Borrower Parties' Interests. Neither None of New Borrower nor any of its members or managers the other Related Entities is obtaining a loan to finance its direct or indirect interest in New Borrower or the Project or pledging its direct or indirect interest in New Borrower to any party, and none of New Borrower's members the Related Entities have any right to take over direct or indirect control from any of such other membersNew Borrower or the Project.
Appears in 1 contract
New Borrower Parties' Interests. Neither None of New Borrower nor Parties or any of its members or managers the Related Entities is obtaining a loan to finance its direct or indirect interest in New Borrower or the Project or pledging its direct or indirect interest in New Borrower to any party, and none of the entities or individuals owning a direct or indirect interest in New Borrower's members have Borrower has any right to take over control from any of such other membersentities or individuals.
Appears in 1 contract
Samples: Assumption Agreement (Bluerock Residential Growth REIT, Inc.)
New Borrower Parties' Interests. Neither of New Borrower nor any of its members partners, members, officers, directors or managers shareholders is obtaining a loan to finance its interest in New Borrower or the Project or pledging its interest in New Borrower to any party, and none of New Borrower's members partners, members, officers, directors or shareholders have any right to take over control from any of such other partners, members, officers, directors or shareholders.
Appears in 1 contract
Samples: Note and Mortgage Assumption Agreement (Cedar Income Fund LTD /Md/)
New Borrower Parties' Interests. Neither New Borrower nor its general partner or any of its members or managers limited partners is obtaining a loan to finance its interest in New Borrower or the Project or pledging its interest in New Borrower to any party, and none of New Borrower's members ’s partners have any right to take over control from any of such other memberspartners.
Appears in 1 contract
Samples: Note and Deed of Trust Assumption Agreement (Hines Global REIT, Inc.)
