Common use of No Plan Assets Clause in Contracts

No Plan Assets. As of the date hereof and throughout the term of the Loan (a) Borrower is not and will not be an “employee benefit plan,” as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (b) none of the assets of Borrower constitutes or will constitute “plan assets” of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (c) Borrower is not and will not be a “governmental plan” within the meaning of Section 3(32) of ERISA, and (d) transactions by or with Borrower are not and will not be subject to any state statute regulating investments of, or fiduciary obligations with respect to, governmental plans.

Appears in 10 contracts

Samples: Loan Agreement (MPG Office Trust, Inc.), Loan Agreement (Chesapeake Lodging Trust), Loan Agreement (Cedar Shopping Centers Inc)

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No Plan Assets. As of the date hereof and throughout the term of the Loan (a) Borrower is not and will not be an “employee benefit plan,” as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (b) Borrower is not and will not be a “governmental plan” within the meaning of Section 3(32) of ERISA, (c) transactions by or with Borrower are not and will not be subject to any state statute regulating investments of, or fiduciary obligations with respect to, governmental plans; and (d) none of the assets of Borrower constitutes or will constitute “plan assets” of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (c) Borrower is not and will not be a “governmental plan” within the meaning of Section 3(32) of ERISA, and (d) transactions by or with Borrower are not and will not be subject to any state statute regulating investments of, or fiduciary obligations with respect to, governmental plans.

Appears in 8 contracts

Samples: Loan Agreement, Loan Agreement (Cole Credit Property Trust Iv, Inc.), Loan Agreement (American Realty Capital Trust III, Inc.)

No Plan Assets. As of the date hereof and throughout the term of the Loan (a) Borrower is the Credit Parties are not and will not be an “employee benefit plan,” as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (b) none of the assets of Borrower any Credit Party constitutes or will constitute “plan assets” of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (c) Borrower is Credit Parties are not and will not be a “governmental plan” within the meaning of Section 3(32) of ERISA, ERISA and (d) transactions by or with Borrower the Credit Parties are not and will not be subject to any state statute statutes regulating investments investment of, or and fiduciary obligations with respect to, governmental plans.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (Empire State Realty Trust, Inc.), Loan Agreement (Empire State Realty Trust, Inc.)

No Plan Assets. As of the date hereof and throughout during the term of the Loan (a) Loan, Borrower is not and will not be an “employee benefit plan,” as defined in Section 3(3) of ERISAa Plan, subject to Title I of ERISA, (b) and none of the assets of Borrower constitutes constitute or will constitute “plan assetsPlan Assets” of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101Plans. In addition, (ca) Borrower is not and will not be a “governmental plan” within the meaning of Section 3(32) of ERISA, ERISA and (db) transactions by or with Borrower are not and will not be subject to any state statute State statutes regulating investments investment of, or and fiduciary obligations with respect to, governmental plansplans that are similar to the provisions of Section 406 of ERISA or Section 4975 of the Code, which prohibit or otherwise restrict the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Piedmont Office Realty Trust, Inc.), Mezzanine Loan Agreement (Piedmont Office Realty Trust, Inc.)

No Plan Assets. As of the date hereof and throughout the term of the Loan (a) Borrower is not and nor will not be an “employee benefit plan,” as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (b) Borrower is not nor will be a “governmental plan” within the meaning of Section 3(32) of ERISA, (c) no transactions by or with Borrower are nor will be subject to any state statute regulating investments of, or fiduciary obligations with respect to, governmental plans; and (d) none of the assets of Borrower constitutes or will constitute “plan assets” of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (c) Borrower is not and will not be a “governmental plan” within the meaning of Section 3(32) of ERISA, and (d) transactions by or with Borrower are not and will not be subject to any state statute regulating investments of, or fiduciary obligations with respect to, governmental plans.

Appears in 2 contracts

Samples: Loan Agreement (Positive Physicians Holdings,inc.), Loan Agreement (Positive Physicians Holdings,inc.)

No Plan Assets. As of the date hereof and throughout the term of the Loan (a) Borrower is not and will not be an "employee benefit plan," as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (b) none of the assets of Borrower constitutes or will constitute "plan assets" of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (c) Borrower is not and will not be a "governmental plan" within the meaning of Section 3(32) of ERISA, and (d) transactions by or with Borrower are not and will not be subject to any state statute regulating investments of, or fiduciary obligations with respect to, governmental plans.

Appears in 2 contracts

Samples: Loan Agreement (Corporate Property Associates 16 Global Inc), Loan Agreement (Cedar Shopping Centers Inc)

No Plan Assets. As of the date hereof and throughout the term of the Loan (a) Borrower is not and will not be an "employee benefit plan," as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (b) and none of the assets of Borrower constitutes or will constitute "plan assets" of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101. In addition, (ci) Borrower is not and will not be a "governmental plan" within the meaning of Section 3(32) of ERISA, ERISA and (dii) to Borrower's actual knowledge, without investigation, transactions by or with Borrower are not and will not be subject to any state statute statutes regulating investments investment of, or and fiduciary obligations with respect to, governmental plans.

Appears in 2 contracts

Samples: Loan Agreement (Urban Shopping Centers Inc), Loan Agreement (Urban Shopping Centers Inc)

No Plan Assets. As of the date hereof and throughout the term of the Loan (a) Borrower is not and will not be an “employee benefit plan,” as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (b) none of the assets of Borrower constitutes or will constitute “plan assets” of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (c) Borrower is not and will not be a “governmental plan” within the meaning of Section 3(32) of ERISA, ERISA and (d) transactions by or with Borrower are not and will not be subject to any state statute statutes regulating investments investment of, or and fiduciary obligations with respect to, governmental plans.

Appears in 2 contracts

Samples: Second Mezzanine Loan Agreement, Second Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)

No Plan Assets. As of the date hereof and throughout the term of the Loan Term (ai) no Borrower is not and or will not be an "employee benefit plan," as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (bii) none of the assets of any Borrower constitutes or will constitute "plan assets" of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (ciii) no Borrower is not and or will not be a "governmental plan" within the meaning of Section 3(32) of ERISA, and (div) transactions by or with any Borrower are not and will not be subject to any state statute statutes regulating investments investment of, or and fiduciary obligations with respect to, governmental plans.

Appears in 2 contracts

Samples: Loan Agreement (Humphrey Hospitality Trust Inc), Loan Agreement (Behringer Harvard Reit I Inc)

No Plan Assets. As of the date hereof and throughout the term of the Loan Term (ai) Borrower is not and will not be an “employee benefit plan,” as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (bii) none of the assets of Borrower constitutes or will constitute “plan assets” of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (ciii) Borrower is not and will not be a “governmental plan” within the meaning of Section 3(32) of ERISA, and (div) transactions by or with Borrower are not and will not be subject to any state statute statutes regulating investments investment of, or and fiduciary obligations with respect to, governmental plans.

Appears in 2 contracts

Samples: Loan Agreement (O'Donnell Strategic Industrial REIT, Inc.), Loan Agreement (Amerivest Properties Inc)

No Plan Assets. As of the date hereof and throughout the term of the Loan loan (a) Borrower is not and will not be an “employee benefit plan,” as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (b) none of the assets of Borrower constitutes or will constitute “plan assets” of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (c) Borrower is not and will not be a “governmental plan” within the meaning of Section 3(32) of ERISA, and (d) transactions by or with Borrower are not and will not be subject to any state statute regulating investments of, or fiduciary obligations with respect to, governmental plans.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Resource Real Estate Opportunity REIT, Inc.), Deed of Trust and Security Agreement (Innovative Micro Technology Inc)

No Plan Assets. As of the date hereof and throughout the term of the Loan Term (ai) each Borrower is not and will not be an "employee benefit plan," as defined in Section SECTION 3(3) of ERISA, subject to Title I of ERISA, (bii) none of the assets of any Borrower constitutes or will constitute "plan assets" of one or more such plans within the meaning of 29 C.F.R. Section SECTION 2510.3-101, (ciii) each Borrower is not and will not be a "governmental plan" within the meaning of Section SECTION 3(32) of ERISA, and (div) transactions by or with any Borrower are not and will not be subject to any state statute statutes regulating investments investment of, or and fiduciary obligations with respect to, governmental plans.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Horizon Group Properties Inc)

No Plan Assets. As of the date hereof and throughout the term of the Loan Term (ai) no Borrower is not and or will not be an “employee benefit plan,” as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (bii) none of the assets of any Borrower constitutes or will constitute “plan assets” of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (ciii) no Borrower is not and or will not be a “governmental plan” within the meaning of Section 3(32) of ERISA, and (div) transactions by or with any Borrower are not and will not be subject to any state statute statutes regulating investments investment of, or and fiduciary obligations with respect to, governmental plans.

Appears in 1 contract

Samples: Loan Agreement (Supertel Hospitality Inc)

No Plan Assets. As of the date hereof and throughout the term of the Loan (a) Borrower is not and will not be an "employee benefit plan," as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (b) none of the assets of Borrower constitutes or will constitute "plan assets" of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (c) Borrower is not and will not be a "governmental plan" within the meaning of Section 3(32) of ERISA, and (d) transactions by or with Borrower are not and will not be subject to any state statute statutes regulating investments investment of, or and fiduciary obligations with respect to, governmental plans.

Appears in 1 contract

Samples: Loan Agreement (Beacon Capital Partners Inc)

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No Plan Assets. As of the date hereof and throughout the term of the Loan Term (ai) no Borrower is not is, and will not be be, an “employee benefit plan,” as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (bii) none of the assets of any Borrower constitutes constitute or will constitute “plan assets” of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (ciii) no Borrower is not is, and will not be be, a “governmental plan” within the meaning of Section 3(32) of ERISA, and (div) transactions by or with any Borrower are not and will not be subject to any state statute statutes regulating investments investment of, or and fiduciary obligations with respect to, governmental plans.

Appears in 1 contract

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

No Plan Assets. As of the date hereof and throughout the term of the Loan loan (a) Borrower is not and will not be an "employee benefit plan," as defined in Section 3(3) of ERISA, subject to Title I 1 of ERISA, (b) none of the assets of Borrower constitutes or will constitute "plan assets" of one or more such plans within the meaning of 29 C.F.R. CFR Section 2510.3-101, (c) Borrower is not and will not be a "governmental plan" within the meaning of Section 3(32) of ERISA, and (d) transactions by or with Borrower are not and will not be subject to any state statute regulating investments of, or fiduciary obligations with respect to, governmental plans.

Appears in 1 contract

Samples: Deed of Trust (Pyramid Breweries Inc)

No Plan Assets. As of the date hereof and throughout the term of the Loan Loan, (a) no Borrower is not and or will not be an “employee benefit plan,” as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (b) none of the assets of any Borrower constitutes constitute or will constitute “plan assets” of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (c) no Borrower is not and or will not be a “governmental plan” within the meaning of Section 3(32) of ERISA, and (d) transactions by or with any Borrower are not and will not be subject to any state statute statutes regulating investments investment of, or and fiduciary obligations with respect to, governmental plans.

Appears in 1 contract

Samples: First Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)

No Plan Assets. As of the date hereof and throughout the term of the Loan Term (ai) each Borrower is not and will not be an "employee benefit plan," as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (bii) none of the assets of any Borrower constitutes or will constitute "plan assets" of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (ciii) each Borrower is not and will not be a "governmental plan" within the meaning of Section 3(32) of ERISA, and (div) transactions by or with any Borrower are not and will not be subject to any state statute statutes regulating investments investment of, or and fiduciary obligations with respect to, governmental plans.

Appears in 1 contract

Samples: Loan Agreement (Horizon Group Properties Inc)

No Plan Assets. As of the date hereof and throughout the term of the Loan Term (ai) Borrower is not and will not be an “employee benefit plan,” as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (bii) none of the assets of Borrower constitutes or will constitute “plan assets” of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (ciii) Borrower is EAST\53909776.4 not and will not be a “governmental plan” within the meaning of Section 3(32) of ERISA, and (div) transactions by or with Borrower are not and will not be subject to any state statute statutes regulating investments investment of, or and fiduciary obligations with respect to, governmental plans.

Appears in 1 contract

Samples: Loan Agreement (O'Donnell Strategic Industrial REIT, Inc.)

No Plan Assets. As of the date hereof and throughout the term Term (i) none of the Loan (a) Borrower Borrowers is not and will not be an "employee benefit plan," as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (bii) none of the assets of any Borrower constitutes or will constitute "plan assets" of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (ciii) Borrower none of Borrowers is not and will not be a "governmental plan" within the meaning of Section 3(32) of ERISA, and (div) transactions by or with any Borrower are not and will not be subject to any state statute statutes regulating investments investment of, or and fiduciary obligations with respect to, governmental plans.

Appears in 1 contract

Samples: Loan Agreement (Reckson Operating Partnership Lp)

No Plan Assets. As of the date hereof and throughout the term of the Loan Term (ai) Borrower is not and will not be an "employee benefit plan," as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (bii) none of the assets of Borrower constitutes or will March 31, 2003 constitute "plan assets" of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (ciii) Borrower is not and will not be a "governmental plan" within the meaning of Section 3(32) of ERISA, and (div) transactions by or with Borrower are not and will not be subject to any state statute statutes regulating investments investment of, or and fiduciary obligations with respect to, governmental plans.

Appears in 1 contract

Samples: Loan Agreement (Glimcher Realty Trust)

No Plan Assets. As of the date hereof and throughout the term of the Loan (a) Borrower is not and will not be an “employee benefit plan,” as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (b) none of the assets of Borrower constitutes or will constitute “plan assets” of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, (c) Borrower is not and will not be a “governmental plan” within the meaning of Section 3(32) of ERISAMUSA, and (d) transactions by or with Borrower are not and will not be subject to any state statute regulating investments of, or fiduciary obligations with respect to, governmental plans.

Appears in 1 contract

Samples: Loan Agreement (Interstate Hotels & Resorts Inc)

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