Common use of Ownership of Real Estate Clause in Contracts

Ownership of Real Estate. Without the prior written consent of the Majority Banks, which consent may be withheld by the Majority Banks in their sole discretion, and notwithstanding any other provision of the Loan Documents, all interests (whether direct or indirect) of the Borrower or the Trust in real estate assets acquired after the date hereof shall be owned directly by the Borrower; provided, however, subject to the restrictions in §8.3, the Borrower shall be permitted to own Real Estate through Subsidiaries or Unconsolidated Affiliates.

Ownership of Real Estate. Without the prior written consent of the Majority Banks, which consent may be withheld by the Majority Banks in their sole discretion, and notwithstanding any other provision of the Loan Documents, all interests (whether direct or indirect) of the Borrower or the Trust Guarantor in real estate assets acquired after the date hereof shall be owned directly by the Borrower; provided, however, subject to the restrictions in §Section 8.3, the Borrower shall be permitted to own Real Estate through Subsidiaries or Unconsolidated Affiliatesjoint ventures.

Ownership of Real Estate. Without the prior written consent of the Majority Banks, which consent may be withheld by the Majority Banks in their sole discretion, and notwithstanding any other provision of the Loan Documents, all interests (whether direct or indirect) of the Borrower Borrower, the General Partners, the Guarantors or the Trust their respective Subsidiaries in income-producing real estate assets acquired after the date hereof Closing Date shall be owned directly by the Borrower; provided. Notwithstanding the foregoing, however, subject to the restrictions in §8.3, the Borrower shall be permitted to own Real Estate through Subsidiaries or Unconsolidated Affiliates.(a)

Ownership of Real Estate. Without the prior written consent of the Majority Banks, which consent may be withheld by the Majority Banks in their sole discretion, and notwithstanding any other provision of the Loan Documents, all interests (whether direct or indirect) of the Borrower or the Trust in real estate assets acquired after the date hereof shall be owned directly by the Borrower; provided, however, subject to the restrictions in §Section 8.3, the Borrower shall be permitted to own Real Estate through Subsidiaries or Unconsolidated Affiliates.