No Cooperative or Condominium. Trustor shall not operate or permit the Property to be operated as a cooperative or condominium building or buildings in which the tenants or occupants participate in the ownership, control or management of the Property or any part thereof, as tenant stockholders or otherwise.
No Cooperative or Condominium. Mortgagor represents and warrants that the Mortgaged Property has not been subjected to a cooperative or condominium form of ownership. Mortgagor hereby covenants and agrees that it will not file a declaration of condominium, map or any other document having the effect of subjecting the Mortgaged Property, to a condominium or cooperative form of ownership.
No Cooperative or Condominium. Mortgagor shall not operate the Property, or permit same to be operated as a cooperative or condominium building(s) in which the tenants or occupants participate in the ownership, control, or management of the Property or any part thereof, as tenants, stockholders or otherwise.
No Cooperative or Condominium. Trustor shall not operate the Trust Property, or permit the Trust Property to be operated as a cooperative or condominium building or buildings in which the tenants or occupants participate in the ownership, control or management of the Trust Property or any part thereof, as tenant stockholders or otherwise.
No Cooperative or Condominium. 23 12. Changes in the Laws Regarding Taxation.............................................................23 13. No Credits on Account of the Indebtedness..........................................................24 14.
No Cooperative or Condominium. Trustor represents and warrants that the Folsom Trust Property has not been subjected to a cooperative or condominium form of ownership. Trustor hereby covenants and agrees that it will not file a declaration of condominium, map or any other document having the effect of subjecting the Folsom Trust Property to a condominium or cooperative form of ownership.
No Cooperative or Condominium. Borrower shall not operate or permit the Premises or the Improvements to be operated as a cooperative, condominium, or other form of ownership in which the lessees or other occupants thereof participate in the ownership, control, or management of the Premises, Improvements, or any part thereof, as lessees, stockholders, or otherwise.
No Cooperative or Condominium. Mortgagor will not operate the Premises or permit the Premises to be operated as a cooperative or condominium or otherwise such that the tenants or other occupants thereof participate in ownership, control, or management of the Premises or any part thereof, as tenant stockholders or otherwise.
No Cooperative or Condominium. Grantor represents and warrants that the Trust Property has not been subjected to a cooperative or condominium form of ownership. Grantor hereby covenants and agrees that it will not file a declaration of condominium, map or any other document having the effect of subjecting the Trust Property, the condominium or cooperative form of ownership.
No Cooperative or Condominium. Mortgagor shall not convert the ownership of the Premises, or any portion thereof, to a condominium form of ownership, nor operate or permit the Premises to be operated as a cooperative or condominium building or buildings in which the tenants or occupants participate in the ownership, control or management of the Premises or any part thereof, as tenant stockholders or otherwise.
