Common use of No Ground Leases Clause in Contracts

No Ground Leases. None of the Properties is subject to any ground lease where a Borrower or an Affiliate thereof is ground tenant thereunder.

Appears in 2 contracts

Samples: Loan Agreement (Cole Credit Property Trust Inc), Loan Agreement (Cole Credit Property Trust III, Inc.)

AutoNDA by SimpleDocs

No Ground Leases. None of the Properties is subject to any ground lease where a Mortgage Borrower or an Affiliate thereof is ground tenant thereunder.

Appears in 2 contracts

Samples: Mezzanine Loan Agreement (Cole Credit Property Trust Inc), Mezzanine Loan Agreement (Cole Credit Property Trust III, Inc.)

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