Ownership of FF&E. Borrower shall own and shall have paid in full for all furnishings, fixtures, and equipment (other than Tenants’ property or property leased by Borrower pursuant to a Permitted Capital Lease) used in connection with the operation of its Individual Property (“FF&E”), free of all security interests, liens, or encumbrances except the applicable Permitted Encumbrances and those created by the Documents.
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Samples: Loan Agreement (CNL Healthcare Properties, Inc.), Loan Agreement (CNL Healthcare Properties, Inc.), Loan Agreement (CNL Healthcare Properties, Inc.)
Ownership of FF&E. Borrower shall own and shall have paid in full for all furnishings, fixtures, and equipment (other than Tenants’ property property) or property leased by Borrower pursuant to a Permitted Capital Lease) equipment leases in compliance with the terms of the Documents used in connection with the operation of its Individual Property (“FF&E”)the Property, free of all security interests, liens, or encumbrances except the applicable Permitted Encumbrances and those created by the Documentsthis Instrument.
Appears in 2 contracts
Samples: Deed of Trust, Security Agreement and Fixture Filing, Deed of Trust, Security Agreement and Fixture Filing (Saul Centers Inc)
Ownership of FF&E. Borrower shall own and shall have paid in full for all furnishings, fixtures, and equipment (other than Tenants’ property property) or property leased by Borrower pursuant to a Permitted Capital Lease) equipment leases in compliance with the terms of the Documents used in connection with the operation of its Individual Property (“FF&E”)the Property, free of all security interests, liens, or encumbrances except the applicable Permitted Encumbrances and those created by the Documents.
Appears in 1 contract
Samples: Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)
Ownership of FF&E. Borrower shall own and shall have paid in full for for, or shall lease pursuant to Permitted Capital Leases entered into in compliance with the terms of the Documents, all furnishings, fixtures, and equipment (other than Tenants’ property or property leased by Borrower pursuant to a Permitted Capital Leaseproperty) used in connection with the operation of its Individual Property (“FF&E”)the Property, free of all security interests, liens, or encumbrances except the applicable Permitted Encumbrances and those created by the Documents.
Appears in 1 contract
Samples: Loan Agreement (Piedmont Office Realty Trust, Inc.)
Ownership of FF&E. Borrower shall own and shall have paid in full for all furnishings, fixtures, and equipment (other than Tenants’ property property) or property leased by Borrower pursuant to a Permitted Capital Lease) Lease used in connection with the operation of its Individual Property (“FF&E”), free of all security interests, liens, or encumbrances except the applicable Permitted Encumbrances and those created by the Documents.
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