Common use of Ownership of Real Estate Clause in Contracts

Ownership of Real Estate. Without the prior written consent of Agent, all Real Estate and all interests (whether direct or indirect) of any Subsidiary Guarantor in any real estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by such Subsidiary Guarantor.

Appears in 2 contracts

Samples: Credit Agreement (Wheeler Real Estate Investment Trust, Inc.), Credit Agreement (Wheeler Real Estate Investment Trust, Inc.)

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Ownership of Real Estate. Without the prior written consent of Agent, all Real Estate and all interests (whether direct or indirect) of any Subsidiary Guarantor or REIT in any real estate assets now owned 49 or leased or acquired or leased after the date hereof shall be owned or leased directly by Guarantor or a Wholly Owned Subsidiary of Guarantor; provided, however that Guarantor shall be permitted to own or lease interests in Real Estate through non-Wholly Owned Subsidiaries and Unconsolidated Affiliates and may dispose of such Subsidiary Guarantorinterests as permitted by §8.8.

Appears in 1 contract

Samples: Credit Agreement (Dupont Fabros Technology, Inc.)

Ownership of Real Estate. Without the prior written consent of Agent, all Real Estate and all interests (whether direct or indirect) of any Subsidiary Borrower, Guarantor or their Subsidiaries in any real estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by such Borrower or a Subsidiary Guarantorof Borrower and shall not be owned directly by the REIT.

Appears in 1 contract

Samples: Term Loan Agreement (Moody National REIT II, Inc.)

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Ownership of Real Estate. Without Except with the prior written consent of Agent, all Real Estate and all interests (whether direct or indirect) of any Subsidiary Guarantor in any real estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by such Subsidiary Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Industrial Property Trust Inc.)

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