No Pledge of Equity Interests. Assumptor and New Guarantor represent and warrant to Noteholder that no equity interest in Assumptor or an entity that, directly or indirectly, owns an equity interest in Assumptor has been pledged, hypothecated or otherwise encumbered as security for any obligation, and that no portion of the capital contributed to Assumptor, directly or indirectly, in connection with Assumptor’s acquisition of the Property consists of borrowed funds.
Appears in 2 contracts
Samples: Assumption Agreement (Netreit, Inc.), Assumption Agreement (Steadfast Income REIT, Inc.)
No Pledge of Equity Interests. Assumptor and New Guarantor represent and warrant to Noteholder that no equity interest in Assumptor or an entity that, directly or indirectly, owns an equity interest in Assumptor has been pledged, hypothecated or otherwise encumbered as security for any obligation, and that no portion of the capital contributed to Assumptor, directly or indirectly, in connection with Assumptor’s 's acquisition of the Property consists of borrowed funds.
Appears in 2 contracts
Samples: Assumption Agreement, Assumption Agreement (Inland Diversified Real Estate Trust, Inc.)
No Pledge of Equity Interests. Assumptor and New Guarantor represent and warrant to Noteholder that no the equity interest interests in (i) Assumptor or an (ii) any entity that, directly or indirectly, owns an equity interest in Assumptor has have not been pledged, hypothecated or otherwise encumbered as security for any obligation, and that no portion of the capital contributed to Assumptor, directly or indirectly, in connection with Assumptor’s acquisition of the Property consists of borrowed funds.
Appears in 2 contracts
Samples: Assumption Agreement (Pebblebrook Hotel Trust), Assumption Agreement (Pebblebrook Hotel Trust)
No Pledge of Equity Interests. Assumptor and New Guarantor represent and warrant to Noteholder that no direct equity interest in Assumptor or an entity that, directly or indirectly, owns an equity interest in Assumptor New Guarantor has been pledged, hypothecated or otherwise encumbered as security for any obligation, and that no portion of the capital contributed to Assumptor, directly or indirectly, in connection with Assumptor’s 's acquisition of the Property consists of borrowed funds.
Appears in 2 contracts
Samples: Assumption Agreement, Assumption Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.)
No Pledge of Equity Interests. Assumptor and New Guarantor represent and warrant to Noteholder that no equity interest in Assumptor or an entity that, directly or indirectly, owns an equity interest in the member of Assumptor has been pledged, hypothecated or otherwise encumbered as security for any obligation, and that no portion of the capital contributed to Assumptor, directly or indirectly, in connection with Assumptor’s acquisition of the Property consists of borrowed funds.
Appears in 1 contract
Samples: Assumption Agreement (Industrial Income Trust Inc.)
No Pledge of Equity Interests. Assumptor and New Guarantor represent and warrant to Noteholder that no equity interest in Assumptor or an entity that, directly or indirectly, owns an equity interest in Assumptor has been pledged, hypothecated or otherwise encumbered as security for any obligation, and that no portion of the capital contributed to Assumptor, directly or indirectly, in connection with Assumptor’s acquisition of the Property consists of borrowed funds.
Appears in 1 contract
Samples: Assumption Agreement (AmREIT, Inc.)
