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 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, Unconsolidated Affiliates and DSTs of the Borrower as permitted by §8.3(k).
Appears in 3 contracts
Samples: Term Loan Agreement (Four Springs Capital Trust), Credit Agreement (Four Springs Capital Trust), Credit Agreement (Four Springs Capital Trust)
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 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 TRS or a Wholly-Owned Subsidiary of the BorrowerBorrower or TRS; provided, however that the Borrower shall be permitted to own or lease interests in Real Estate through non-Wholly-Owned Subsidiaries, Subsidiaries and Unconsolidated Affiliates and DSTs of the Borrower as permitted by §8.3(k8.3(m).
Appears in 2 contracts
Samples: Credit Agreement (Condor Hospitality Trust, Inc.), Credit Agreement (Condor Hospitality Trust, Inc.)
