Common use of Non-Consolidation Clause in Contracts

Non-Consolidation. All of the assumptions made in that certain substantive non-consolidation opinion letter of even date herewith delivered by Borrower's counsel in connection herewith and any subsequent non-consolidation opinion delivered in accordance with the terms and conditions of this Mortgage and/or the Note, including, but not limited to, any exhibits attached thereto (the "Non-Consolidation Opinion"), are true and correct in all respects. Borrower has complied and will comply with all of the assumptions made with respect to it in the Non-Consolidation Opinion. Each entity other than Borrower with respect to which an assumption is made in the Non-Consolidation Opinion has complied and will comply with all of the assumptions made with respect to it in the Non-Consolidation Opinion.

Appears in 9 contracts

Samples: Trust and Security Agreement (Corporate Property Associates 15 Inc), Mortgage and Security Agreement (Corporate Property Associates 15 Inc), Mortgage and Security Agreement (Corporate Property Associates 15 Inc)

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Non-Consolidation. All of the assumptions made in that certain substantive non-consolidation opinion letter of even date herewith delivered by Borrower's counsel in connection herewith and any subsequent non-consolidation opinion delivered in accordance with the terms and conditions of this Mortgage Security Instrument and/or the Note, including, but not limited to, any exhibits attached thereto (the "Non-Consolidation Opinion"), are true and correct in all respects. Borrower has complied and will comply with all of the assumptions made with respect to it in the Non-Consolidation Opinion. Each entity other than Borrower with respect to which an assumption is made in the Non-Consolidation Opinion has complied and will comply with all of the assumptions made with respect to it in the Non-Consolidation Opinion.

Appears in 4 contracts

Samples: Mortgage and Security Agreement (Corporate Property Associates 15 Inc), Mortgage and Security Agreement (Corporate Property Associates 15 Inc), Mortgage and Security Agreement (Corporate Property Associates 15 Inc)

Non-Consolidation. All of the assumptions made in that certain substantive non-consolidation opinion letter of even date herewith delivered by BorrowerXxxxxxxx's counsel in connection herewith and any subsequent non-consolidation opinion delivered in accordance with the terms and conditions of this Mortgage and/or the Note, including, but not limited to, any exhibits attached thereto (the "Non-Consolidation Opinion"), are true and correct in all respects. Borrower Xxxxxxxx has complied and will comply with all of the assumptions made with respect to it in the Non-Consolidation Opinion. Each entity other than Borrower with respect to which an assumption is made in the Non-Consolidation Opinion has complied and will comply with all of the assumptions made with respect to it in the Non-Consolidation Opinion.

Appears in 2 contracts

Samples: Trust and Security Agreement (Corporate Property Associates 15 Inc), Corporate Property Associates 15 Inc

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Non-Consolidation. All of the assumptions made in that certain substantive non-consolidation opinion letter of even date herewith delivered by Borrower's counsel in connection herewith and any subsequent non-consolidation opinion delivered in accordance with the terms and conditions of this Mortgage Security Instrument and/or the Note, including, but not limited to, any exhibits attached thereto (the "NonNON-Consolidation OpinionCONSOLIDATION OPINION"), are true and correct in all respects. Borrower has complied and will comply with all of the assumptions made with respect to it in the Non-Consolidation Opinion. Each entity other than Borrower with respect to which an assumption is made in the Non-Consolidation Opinion has complied and will comply with all of the assumptions made with respect to it in the Non-Consolidation Opinion."

Appears in 1 contract

Samples: Glimcher Realty Trust

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