Common use of Single Asset Entity Clause in Contracts

Single Asset Entity. Borrower does not: (i) hold, directly or --------------------- indirectly, any ownership interest (legal or equitable) in any real or personal property other than the interest which it owns in the Property and the Improvements; (ii) is a shareholder or partner or member of any other entity; or (iii) conduct any business other than the ownership, management and operation of the Project. 4.19.

Single Asset Entity. Borrower does notNo Borrower: (i) holdholds, directly or --------------------- indirectly, -------------------- any ownership interest (legal or equitable) in any real or personal property other than the interest which it owns in the its Property (or Properties) and the ImprovementsImprovements located thereon; (ii) is a shareholder or partner or member of any other entity; or (iii) conduct conducts any business other than the ownership, management and operation of the Projectits Project(s). 4.194.25.

Single Asset Entity. Borrower does notNo Borrower: (i) holdholds, directly or --------------------- indirectly, -------------------- any ownership interest (legal or equitable) in any real or personal property other than the interest which it owns in the Property and the Improvements; (ii) is a shareholder or partner or member of any other entity; or and (iii) conduct conducts any business other than the ownership, management and operation of the Project. 4.194.17.

Single Asset Entity. Borrower does notBorrower: (i) does not hold, directly or --------------------- indirectly, any ownership interest (legal or equitable) in any real or personal property other than the interest which it owns in the Property and the ImprovementsProject; (ii) is not a shareholder or partner or member of any other entity; or and (iii) does not conduct any business other than the ownership, management and operation of the Project. 4.19Property.