Common use of Ownership of Real Estate Clause in Contracts

Ownership of Real Estate. All interests (whether direct or indirect) of the Borrower, the General Partner, the Guarantor or their respective Subsidiaries or the Borrower's Investment Partnerships in income- producing real estate assets acquired after the date hereof shall be owned directly by the Borrower or, subject to the terms of Section 8.3(m), Investment Partnerships (other than interests in residential real estate developments held by the Residential Corporations and other than as specifically permitted in Section 8.14).

Ownership of Real Estate. All Except as provided in Section 5.2 and Section 5.3 above, all interests (whether direct or indirect) of the Borrower, the General Partner, the Guarantor or their respective Subsidiaries or the Borrower's Investment Partnerships Borrower in income- income-producing real estate assets or notes receivable acquired or originated after the date hereof shall be owned directly by the Borrower or, subject to the terms of Section 8.3(m), Investment Partnerships (other than interests in residential real estate developments held by the Residential Corporations and other than as specifically permitted in Section 8.14)Borrower.

Ownership of Real Estate. All interests (whether direct or indirect) of the Borrower, the General Partner, the Guarantor or their respective Subsidiaries or the Borrower's Investment Partnerships in income- income-producing real estate assets acquired after the date hereof shall be owned directly by the Borrower or, subject to Section 8.3, Subsidiaries or Affiliates of the Borrower; provided, however that if any such assets are acquired by a Subsidiary of the Borrower, such Subsidiary shall as a condition to such acquisition become an Additional Guarantor and comply with the terms of Section 8.3(m), Investment Partnerships (other than interests in residential real estate developments held by the Residential Corporations and other than as specifically permitted in Section 8.14)7.19.