No Defaults or Restrictions. There is no declared default under any agreement or instrument nor does there exist any restriction in the Organizational Documents of Credit Parties that causes or would cause a material adverse effect on the business, properties, operations or condition, financial or otherwise, of Credit Parties (except for restrictions applicable to real estate investment trusts under the Internal Revenue Code).
Appears in 2 contracts
Samples: Credit Agreement (Colonial Realty Limited Partnership), Credit Agreement (Colonial Properties Trust)
No Defaults or Restrictions. There is no declared default under any agreement or instrument nor does there exist any restriction in the Organizational Documents of Credit Parties that causes or would cause a material adverse effect on the business, properties, operations or condition, financial or otherwise, of Credit Parties (except for there are, however, typical restrictions applicable to real estate investment trusts under the Internal Revenue Code).
Appears in 1 contract
Samples: Credit Agreement (Colonial Realty Limited Partnership)
No Defaults or Restrictions. There is no declared default under any agreement or instrument nor does there exist any restriction in the Organizational Documents of Credit Parties that causes or would cause could result in a material adverse effect on the business, properties, operations or condition, financial or otherwise, of Credit Parties Material Adverse Effect (except for restrictions applicable to real estate investment trusts under the Internal Revenue Code).
Appears in 1 contract
