No Other Interests. No Person has (a) any possessory interest in any Mortgaged Property or right to occupy any Mortgaged Property except under the provisions of existing Leases by and between tenants and Borrower, or (b) an option to purchase any Mortgaged Property or an interest in any Mortgaged Property, except as has been disclosed to and approved in writing by Lender. No Person has any direct ownership interest in Borrower other than the Pledgor who has executed the Pledge Agreement in favor of Lender.
Appears in 3 contracts
Samples: Loan Agreement (Vinebrook Homes Trust, Inc.), Loan Agreement (Reven Housing REIT, Inc.), Loan Agreement (Front Yard Residential Corp)
No Other Interests. No Person has (a) any possessory interest in any the Mortgaged Property or right to occupy any the Mortgaged Property except under and pursuant to the provisions of existing Leases by and between tenants and BorrowerBorrower (a form of residential lease having been previously provided to Lender together with the material terms of any and all Non-Residential Leases at the Mortgaged Property), or (b) an option to purchase any the Mortgaged Property or an interest in any the Mortgaged Property, except as has been disclosed to and approved in writing by Lender. No Person has any direct ownership interest in Borrower other than the Pledgor who has executed the Pledge Agreement in favor of Lender.
Appears in 2 contracts
Samples: Seniors Housing Loan and Security Agreement (Care Investment Trust Inc.), Seniors Housing Loan and Security Agreement (Care Investment Trust Inc.)
