Property as Single Asset. That (i) Xxxxxxxx’s only asset is the Property, and (ii) the Property generates substantially all of the gross income of Borrower and there is no substantial business being conducted by Borrower other than the business of owning and operating the Property and the activities incidental thereto.
Appears in 4 contracts
Samples: Promissory Note (Mack Cali Realty L P), Promissory Note (Mack Cali Realty Corp), Promissory Note (Mack Cali Realty Corp)
Property as Single Asset. That (i) XxxxxxxxBorrower’s only asset is the Property, and (ii) the Property generates substantially all of the gross income of Borrower and there is no substantial business being conducted by Borrower other than the business of owning and operating the Property and the activities incidental thereto.
Appears in 3 contracts
Samples: Deed of Trust, Security Agreement and Fixture Filing, Mortgage Agreement (60 East 42nd Street Associates L.L.C.), Second Priority Mortgage and Security Agreement (250 West 57th St Associates L.L.C.)
Property as Single Asset. That (i) XxxxxxxxBorrower’s only asset is the Property, and (ii) the Property generates substantially all of the gross income of Borrower and there is no substantial business being conducted by Borrower other than the business of owning and operating the Property and the activities incidental thereto.
Appears in 2 contracts
Samples: Mortgage and Security Agreement (Mack Cali Realty Corp), Mortgage and Security Agreement (Mack Cali Realty Corp)
Property as Single Asset. That (ia) XxxxxxxxBorrower’s only asset is the Property, and (iib) the Property generates substantially all of the gross income of Borrower and there is no substantial business being conducted by Borrower other than the business of owning and operating the Property and the activities incidental thereto.
Appears in 2 contracts
Samples: Loan Agreement (Piedmont Office Realty Trust, Inc.), Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)
Property as Single Asset. That (ia) XxxxxxxxBorrower’s only asset is the its Individual Property, and (iib) the such Individual Property generates substantially all of the gross income of Borrower and there is no substantial business being conducted by Borrower other than the business of owning owning, leasing and operating contracting for the management of its Individual Property and the activities incidental thereto.
Appears in 1 contract
Property as Single Asset. That (i) Xxxxxxxx’s only asset is the Property, and (ii) the Property generates substantially all of the gross income of Borrower and there is no substantial business being conducted by Borrower other than the business of owning and operating the Property and the activities incidental thereto.
Appears in 1 contract
Samples: Deed of Trust, Security Agreement and Fixture Filing (Saul Centers Inc)
