Common use of Ownership of Mortgaged Properties Clause in Contracts

Ownership of Mortgaged Properties. Borrower shall be the sole owner of each of the Mortgaged Properties free and clear of any Liens other than Permitted Liens.

Appears in 16 contracts

Samples: Master Credit Facility Agreement (Newcastle Investment Corp), Master Credit Facility Agreement (Sun Communities Inc), Master Credit Facility Agreement (Camden Property Trust)

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Ownership of Mortgaged Properties. The Borrower shall be the sole owner of each of the Mortgaged Properties free and clear of any Liens other than Permitted Liens.

Appears in 5 contracts

Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc), Master Credit Facility Agreement (United Dominion Realty Trust Inc), Master Credit Facility Agreement (Mid America Apartment Communities Inc)

Ownership of Mortgaged Properties. Each Borrower shall be the sole owner of each of the Mortgaged Properties free and clear of any Liens other than Permitted Liens.

Appears in 3 contracts

Samples: Term Loan Agreement (McNeil Real Estate Fund Xxvi Lp), Term Loan Agreement (Goldman Sachs Group Inc), Term Loan Agreement (Goldman Sachs Group Inc)

Ownership of Mortgaged Properties. Applicable Borrower shall be the sole owner of each of the its Mortgaged Properties free and clear of any Liens other than Permitted Liens.

Appears in 2 contracts

Samples: Master Credit Facility Agreement (Avalonbay Communities Inc), Master Credit Facility Agreement (Erp Operating LTD Partnership)

Ownership of Mortgaged Properties. A Borrower shall be the sole owner of each of the Mortgaged Properties free and clear of any Liens other than Permitted Liens.

Appears in 1 contract

Samples: Master Reimbursement Agreement (Mid America Apartment Communities Inc)

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Ownership of Mortgaged Properties. Each Borrower shall be the sole owner of each of the its Mortgaged Properties Property free and clear of any Liens other than Permitted Liens.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Brookdale Senior Living Inc.)

Ownership of Mortgaged Properties. The Borrower shall be the sole --------------------------------- owner of each of the Mortgaged Properties free and clear of any Liens other than Permitted Liens.

Appears in 1 contract

Samples: Master Credit Facility Agreement (United Dominion Realty Trust Inc)

Ownership of Mortgaged Properties. Borrower shall be the sole owner of each of the Mortgaged Properties Properties, as set forth on Exhibit A of this Agreement, free and clear of any Liens other than Permitted Liens.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Bre Properties Inc /Md/)

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