Common use of REIT Covenants Clause in Contracts

REIT Covenants. Borrower shall cause REIT to comply with the following covenants: (a) REIT will have as its sole business purpose owning ownership interests of Borrower, performing duties as the general partner of Borrower and making equity investments in such operating partnership, and shall not engage in any business other than those described in this §7.21(a) and activities incidental thereto. For clarity, nothing in this §7.21 shall be construed to prevent REIT from maintaining reasonable cash balances. (b) [Intentionally Omitted.] (c) [Intentionally Omitted.] (d) The REIT shall not dissolve, liquidate or otherwise wind-up its business, affairs or assets.

REIT Covenants. Borrower shall cause REIT to comply with the following covenants: (a) REIT will have as its sole business purpose owning ownership interests of BorrowerGuarantor, performing duties as the general partner of Borrower the Guarantor and making equity investments in such operating partnershipGuarantor, and shall not engage in any business other than those described in this §7.21(a7.23(a) and activities incidental thereto. For clarity, nothing in this §7.21 7.23 shall be construed to prevent REIT from maintaining reasonable cash balances.; (b) [Intentionally Omitted.]; (c) [Intentionally Omitted.]; (d) The REIT shall not dissolve, liquidate or otherwise wind-up wind‑up its business, affairs or assets.

REIT Covenants. Borrower shall cause REIT to comply with the following covenants: (a) REIT will have as its sole business purpose owning ownership interests of Borrower, performing duties as the general partner of Borrower and making equity investments in such operating partnership, and shall not engage in any business other than those described in this §7.21(a) and activities incidental thereto. For clarity, nothing in this §7.21 shall be construed to prevent REIT from maintaining reasonable cash balances. (b) [Intentionally Omitted.] (c) [Intentionally Omitted.] (d) The REIT shall not dissolve, liquidate or otherwise wind-up its business, affairs or assets.

REIT Covenants. Borrower shall cause REIT to comply with the following covenants: (a) : REIT will have as its sole business purpose owning ownership interests of Borrower, performing duties as the general partner of Borrower and making equity investments in such operating partnership, and shall not engage in any business other than those described in this §7.21(a) and activities incidental thereto. For clarity, nothing in this §7.21 shall be construed to prevent REIT from maintaining reasonable cash balances. (b) . [Intentionally Omitted.] (c) ] [Intentionally Omitted.] (d) ] The REIT shall not dissolve, liquidate or otherwise wind-up wind‑up its business, affairs or assets.