Rights to Project Agreements, Permits and Licenses. Upon the purchase of the Property, Borrower will be the true owner of all rights in and to all existing agreements, permits and licenses relating to the Project, and will be the true owner of all rights in and to all future agreements, permits and licenses relating to the Project.
Appears in 4 contracts
Samples: Loan Agreement (Grubb & Ellis Healthcare REIT, Inc.), Loan Agreement (NNN Healthcare/Office REIT, Inc.), Loan Agreement (Grubb & Ellis Healthcare REIT, Inc.)
Rights to Project Agreements, Permits and Licenses. Upon the purchase of the Property, Borrower will be is the true owner of all rights in and to all existing agreements, permits and licenses relating to the Project, and will be the true owner of all rights in and to all future agreements, permits and licenses relating to the Project.
Appears in 1 contract
Rights to Project Agreements, Permits and Licenses. Upon the purchase of the Property, Borrower will be is the true owner of all rights in and to all existing agreements, permits and licenses relating to the ProjectProjects, and will be the true owner of all rights in and to all future agreements, permits and licenses required to operate and relating to the ProjectProjects.
Appears in 1 contract
Samples: Loan Agreement (Cornerstone Core Properties REIT, Inc.)
Rights to Project Agreements, Permits and Licenses. Upon the purchase of the PropertyTo Borrower’s Knowledge, Borrower will be is the true owner of all rights in and to all existing agreements, permits and licenses relating to the Project, and will be the true owner of all rights in and to all future agreements, permits and licenses relating to the Project.
Appears in 1 contract
Rights to Project Agreements, Permits and Licenses. Upon the purchase of the PropertyProperties, Borrower will be the true owner of all rights in and to all existing agreements, permits and licenses relating to the ProjectProjects, and will be the true owner of all rights in and to all future agreements, permits and licenses relating to the ProjectProjects.
Appears in 1 contract
Samples: Loan Agreement (Grubb & Ellis Healthcare REIT, Inc.)
Rights to Project Agreements, Permits and Licenses. Upon the purchase of the Property, Borrower will be is the true owner of all rights in and to all existing agreements, permits and licenses relating to the Project, and will be the true owner of all rights in and to all future agreements, permits and licenses relating to the Project. Borrower’s interest in all such agreements, permits and licenses is not subject to any present claim (other than under the Loan Documents or as otherwise approved by Lender in its discretion), set-off or deduction other than in the ordinary course of business.
Appears in 1 contract
Samples: Construction Loan Agreement (Owens Realty Mortgage, Inc.)
Rights to Project Agreements, Permits and Licenses. Upon the purchase of the each Property, Borrower will be the true owner of all rights in and to all existing agreements, permits and licenses relating to the Projectsuch Projects, and will be the true owner of all rights in and to all future agreements, permits and licenses relating to the such Project.
Appears in 1 contract
Samples: Loan Agreement (Grubb & Ellis Healthcare REIT, Inc.)
