Common use of Obligations with Respect to Loan Parties Clause in Contracts

Obligations with Respect to Loan Parties. The obligations of the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Borrower may have that the Borrower does not control such Loan Parties.

Appears in 147 contracts

Samples: Credit Agreement (NNN Reit, Inc.), Credit Agreement (Service Properties Trust), Term Loan Agreement (Kite Realty Group, L.P.)

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Obligations with Respect to Loan Parties. The obligations of the Parent and the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Parent or the Borrower may have that the Parent or the Borrower does not control such Loan Parties.

Appears in 33 contracts

Samples: Term Loan Agreement (Corporate Office Properties, L.P.), Assignment and Acceptance Agreement (CubeSmart, L.P.), Term Loan Agreement (Corporate Office Properties, L.P.)

Obligations with Respect to Loan Parties. The obligations of the Parent or the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Parent or the Borrower may have that the Parent or the Borrower does not control such Loan Parties.

Appears in 20 contracts

Samples: Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co)

Obligations with Respect to Loan Parties. The obligations of the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties and Subsidiaries as specified herein shall be absolute and not subject to any defense the Borrower may have that the Borrower does not control such Loan PartiesParties or Subsidiaries.

Appears in 18 contracts

Samples: Term Loan Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust)

Obligations with Respect to Loan Parties. The obligations of the Parent and the Borrower to direct or prohibit the taking of certain actions by the Subsidiaries and the other Loan Parties as specified herein shall be absolute and not subject to any defense the Parent or the Borrower may have that the Parent or the Borrower does not control such Subsidiaries or other Loan Parties.

Appears in 15 contracts

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

Obligations with Respect to Loan Parties. The obligations of the Borrower to direct or prohibit the taking of certain actions by the Parent or the other Loan Parties as specified herein shall be absolute and not subject to any defense the Borrower may have that the Borrower does not control the Parent or such Loan Parties.

Appears in 10 contracts

Samples: Term Loan Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc)

Obligations with Respect to Loan Parties. The obligations of the a Borrower to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the such Borrower may have that the such Borrower does not control such Loan Parties.

Appears in 9 contracts

Samples: Credit Agreement (Lepercq Corporate Income Fund L P), Term Loan Agreement (Lexington Realty Trust), Credit Agreement (Lexington Realty Trust)

Obligations with Respect to Loan Parties. The obligations of the Borrower Parent or the Borrower, or the Parent and the Borrower, to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Parent, the Borrower may have that the Borrower Parent or Borrower, as applicable, does not control such Loan Parties.

Appears in 7 contracts

Samples: Credit Agreement (Regency Centers Lp), Credit Agreement (Regency Centers Lp), Credit Agreement (Regency Centers Lp)

Obligations with Respect to Loan Parties. The obligations of the Borrower Borrowers to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Borrower Borrowers may have that the Borrower Borrowers does not control such Loan Parties.

Appears in 5 contracts

Samples: Credit Agreement (General Growth Properties, Inc.), Credit Agreement (American Realty Capital Properties, Inc.), Credit Agreement (General Growth Properties, Inc.)

Obligations with Respect to Loan Parties. The obligations of the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Borrower may have that the Borrower does do not control such Loan Parties.

Appears in 4 contracts

Samples: Credit Agreement (Maguire Properties Inc), Credit Agreement (Intercept Group Inc), Credit Agreement (Netzee Inc)

Obligations with Respect to Loan Parties. The obligations of the Borrower or the Parent to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Borrower or the Parent may have that the Borrower or the Parent does not control such Loan Parties.

Appears in 4 contracts

Samples: Term Loan Agreement (Pennsylvania Real Estate Investment Trust), Credit Agreement (Pennsylvania Real Estate Investment Trust), Credit Agreement (Pennsylvania Real Estate Investment Trust)

Obligations with Respect to Loan Parties. The obligations of the Borrower Loan Parties to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Borrower any Loan Party may have that the Borrower it does not control any such other Loan PartiesParty.

Appears in 4 contracts

Samples: Credit Agreement (HC Government Realty Trust, Inc.), Credit Agreement (Corporate Office Properties Trust), Management Agreement (HC Government Realty Trust, Inc.)

Obligations with Respect to Loan Parties. The obligations of the Borrower and the Parent to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Borrower or the Parent may have that the Borrower or the Parent does not control such Loan Parties.

Appears in 4 contracts

Samples: Credit Agreement (Regency Centers Lp), Credit Agreement (Regency Centers Lp), Credit Agreement (Regency Centers Corp)

Obligations with Respect to Loan Parties. The obligations of the Parent and the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties and Subsidiaries as specified herein shall be absolute and not subject to any defense the Parent or the Borrower may have that the Parent or the Borrower does not control such Loan PartiesParties and Subsidiaries.

Appears in 3 contracts

Samples: And Consolidated Credit Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust), Term Loan Agreement (First Potomac Realty Trust)

Obligations with Respect to Loan Parties. The obligations of the Parent and the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Parent or the Borrower may have that the Parent or the Borrower does not control such Loan Parties. Section 12.15.

Appears in 2 contracts

Samples: Credit Agreement (Equity Lifestyle Properties Inc), Credit Agreement (Equity Lifestyle Properties Inc)

Obligations with Respect to Loan Parties. The obligations of the Parent or the Borrower to direct or prohibit the taking of certain actions by the any other Loan Parties Party as specified herein shall be absolute and not subject to any defense to the Borrower may have effect that the Borrower Parent or the Borrower, as the case may be, does not control such Loan PartiesParty.

Appears in 2 contracts

Samples: Credit Agreement (CNL American Properties Fund Inc), Credit Agreement (CNL American Properties Fund Inc)

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Obligations with Respect to Loan Parties. The obligations of the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Borrower may have that the Borrower does not control such Loan Parties.

Appears in 2 contracts

Samples: Credit Agreement (Atlantic Alliance Partnership Corp.), Credit Agreement

Obligations with Respect to Loan Parties. The obligations of the Borrower Borrowers to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Borrower Borrowers may have that the Borrower does Borrowers do not control such Loan Parties.. Section 12.15

Appears in 2 contracts

Samples: Credit Agreement (Gables Residential Trust), Credit Agreement (Gables Realty Limited Partnership)

Obligations with Respect to Loan Parties. The obligations of the Borrower Borrowers to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Borrower Borrowers may have that the Borrower does Borrowers do not control such Loan Parties.

Appears in 1 contract

Samples: Credit Agreement (Maguire Properties Inc)

Obligations with Respect to Loan Parties. The obligations of the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Borrower may have that the Borrower does not control such Loan Parties.

Appears in 1 contract

Samples: Revolving Credit Agreement (New Home Co LLC)

Obligations with Respect to Loan Parties. The obligations of the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Borrower may have that the Borrower does not control such Loan Parties.. 148

Appears in 1 contract

Samples: Credit Agreement (Hudson Pacific Properties, L.P.)

Obligations with Respect to Loan Parties. The obligations of the Parent or the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Parent or the Borrower may have that the Parent or the Borrower does not control such Loan Parties. Section 13.15.

Appears in 1 contract

Samples: Credit Agreement (DiamondRock Hospitality Co)

Obligations with Respect to Loan Parties. The obligations of the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties and Subsidiaries as specified herein shall be absolute and not subject to any 161 defense the Borrower may have that the Borrower does not control such Loan PartiesParties or Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (RLJ Lodging Trust)

Obligations with Respect to Loan Parties. The obligations of Parent, Holdings and the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense Parent, Holdings or the Borrower may have that Parent, Holdings or the Borrower does not control such Loan Parties.

Appears in 1 contract

Samples: Credit Agreement (Office Properties Income Trust)

Obligations with Respect to Loan Parties. The obligations of the Parent and the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Parent or the Borrower may have that the Parent or the Borrower does not control such Loan Parties.. ​

Appears in 1 contract

Samples: Credit Agreement (CubeSmart, L.P.)

Obligations with Respect to Loan Parties. The obligations of the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Borrower may have that the Borrower does not control such Loan Parties. Section 13.16.

Appears in 1 contract

Samples: Credit Agreement (Saul Centers Inc)

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