Ownership of Real Estate. Without the prior written consent of the Agent, all Real Estate and all interests (whether direct or indirect) of REIT or the Borrower in any Real Estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by the Borrower or a Wholly-Owned Subsidiary of the Borrower; provided, however that the Borrower shall be permitted to own or lease interests in Real Estate through non‑Wholly-Owned Subsidiaries and Unconsolidated Affiliates of the Borrower as permitted by §8.3(l).
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Healthcare Trust, Inc.)
Ownership of Real Estate. Without the prior written consent of the Agent, all Real Estate and all interests (whether direct or indirect) of REIT the REIT, General Partner or the Borrower in any Real Estate assets or other assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by the Borrower or a Wholly-Owned Subsidiary of the Borrower; provided, however that the Borrower shall be permitted to own or lease interests in Real Estate through non‑Wholly-Owned Subsidiaries and Unconsolidated Affiliates of the Borrower as permitted by §8.3(l).
Appears in 1 contract
Samples: Credit Agreement (Monogram Residential Trust, Inc.)
Ownership of Real Estate. Without the prior written consent of the Agent, all Real Estate and all interests (whether direct or indirect) of REIT or the Borrower in any Real Estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by REIT, the Borrower or a Wholly-Wholly Owned Subsidiary of the Borrower; provided, however that REIT and the Borrower shall be permitted to own or lease interests in Real Estate through non‑Whollynon-Wholly Owned Subsidiaries and Unconsolidated Affiliates of the Borrower as permitted by §8.3(l)Borrower.
Appears in 1 contract
Ownership of Real Estate. Without the prior written consent of the Agent, all Real Estate and all interests (whether direct or indirect) of REIT or the Borrower in any Real Estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by the Borrower or a Wholly-Owned Subsidiary of the Borrower; provided, however that the Borrower shall be permitted to own or lease interests in Real Estate through non‑Whollynon Wholly-Owned Subsidiaries and Unconsolidated Affiliates of the Borrower as permitted by §8.3(l).
Appears in 1 contract
Samples: Senior Unsecured Credit Agreement (American Realty Capital Healthcare Trust Inc)
Ownership of Real Estate. Without the prior written consent of the Agent, all Real Estate and all interests (whether direct or indirect) of REIT the Borrower or the Borrower Pledgor in any Real Estate real estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by the Borrower Pledgor or a Wholly-Wholly Owned Subsidiary of the BorrowerPledgor; provided, however that the Borrower Pledgor shall be permitted to own or lease interests in Real Estate through non‑Whollynon-Wholly Owned Subsidiaries and Unconsolidated Affiliates of the Borrower as permitted by §8.3(l)8.3.
Appears in 1 contract
Ownership of Real Estate. Without the prior written consent of the Agent, all Real Estate and all interests (whether direct or indirect) of REIT or the Borrower in any Real Estate real estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by the Borrower or a Wholly-Wholly Owned Subsidiary of the Borrower; provided, however that the Borrower shall be permitted to own or lease interests in Real Estate through non‑Whollynon-Wholly Owned Subsidiaries and Unconsolidated Affiliates of the Borrower as permitted by §8.3(l8.3(b).
Appears in 1 contract
Ownership of Real Estate. Without the prior written consent of the Agent, all Real Estate and all interests (whether direct or indirect) of Parent Borrower or REIT or the Borrower in any Real Estate real estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by the Parent Borrower or a Wholly-Wholly Owned Subsidiary of the Parent Borrower; provided, however that the Parent Borrower shall be permitted to own or lease interests in Real Estate through non‑Whollynon-Wholly Owned Subsidiaries and Unconsolidated Affiliates of the Borrower as permitted by §8.3(l8.3(m). §7.17 [Intentionally Omitted].
Appears in 1 contract
Ownership of Real Estate. Without the prior written consent of the Agent, all Real Estate and all interests (whether direct or indirect) of the REIT or the Borrower in any Real Estate assets or other assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by the Borrower or a Wholly-Owned Subsidiary of the Borrower; provided, however that the Borrower shall be permitted to own or lease interests in Real Estate through non‑Whollynon-Wholly-Owned Subsidiaries and Unconsolidated Affiliates of the Borrower as permitted by §8.3(l).
Appears in 1 contract
Samples: Credit Agreement (Modiv Inc.)
Ownership of Real Estate. Without the prior written consent of the Agent, all Real Estate and all interests (whether direct or indirect) of REIT REIT, General Partner or the Borrower in any Real Estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by the Borrower or a Wholly-Owned Subsidiary of the Borrower; provided, however that the Borrower shall be permitted to own or lease interests in Real Estate through non‑Wholly-Owned Subsidiaries and Unconsolidated Affiliates of the Borrower as permitted by §8.3(l).
Appears in 1 contract
Ownership of Real Estate. Without the prior written consent of the Agent, all Real Estate and all interests (whether direct or indirect) of REIT or the Borrower in any Real Estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by REIT, the Borrower or a Wholly-Wholly Owned Subsidiary of the Borrower; provided, however that REIT and the Borrower shall be permitted to own or lease interests in Real Estate through non‑Wholly-non Wholly Owned Subsidiaries and Unconsolidated Affiliates of the Borrower as permitted by §8.3(l)Borrower.
Appears in 1 contract
Samples: Credit Agreement (Tier Reit Inc)
Ownership of Real Estate. Without the prior written consent of the Agent, all Real Estate and all interests (whether direct or indirect) of REIT or the Borrower in any such Real Estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by the Borrower or a Wholly-Wholly Owned Subsidiary of the Borrower; provided, however that the Borrower shall be permitted to own or lease interests in Real Estate through non‑Whollynon-Wholly Owned Subsidiaries and Unconsolidated Affiliates of the Borrower as permitted by §8.3(l)8.3.
Appears in 1 contract
Samples: Credit Agreement (Pacific Office Properties Trust, Inc.)