SINGLE ASSET BORROWER. Until the Indebtedness is paid in full, Borrower (a) shall not own any real or personal property other than the Mortgaged Property and personal property related to the operation and maintenance of the Mortgaged Property; (b) shall not operate any business other than the management and operation of the Mortgaged Property; and (c) shall not maintain its assets in a way difficult to segregate and identify.
Appears in 55 contracts
Samples: And Security Agreement (Steadfast Income REIT, Inc.), And Security Agreement (Emeritus Corp\wa\), And Security Agreement (Emeritus Corp\wa\)
SINGLE ASSET BORROWER. Until the Indebtedness is paid in full, Borrower (a) shall not own acquire any real or personal property other than the Mortgaged Property and personal property related to the operation and maintenance of the Mortgaged Property; (b) shall not operate any business other than the management and operation of the Mortgaged Property; and (c) shall not maintain its assets in a way difficult to segregate and identify.
Appears in 48 contracts
Samples: And Security Agreement, And Security Agreement, Security Agreement
SINGLE ASSET BORROWER. Until the Indebtedness is paid in full, Borrower (a) shall not own acquire any real or personal property other than the Mortgaged Property and personal property related to the operation and maintenance of the Mortgaged Property; (b) shall not operate any business other than the management and operation of the Mortgaged Property; and (c) shall not maintain its assets in a way difficult to segregate and identify.. RD Instruction 2000-OOO Exhibit A
Appears in 1 contract
Samples: Replacement Reserve Agreement
