Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower and any SPE Equity Owner will remain a “Single Purpose Entity,” which means at all times since its formation and thereafter it will satisfy each of the following conditions:
Appears in 76 contracts
Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.), Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)
Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower and any SPE Equity Owner will remain a “Single Purpose Entity,” which means at all times since its formation it has, and thereafter after the date of this Loan Agreement it will satisfy each of the following conditions:
Appears in 3 contracts
Samples: Rider to Multifamily Loan and Security Agreement, Rider to Multifamily Loan and Security Agreement, Rider to Multifamily Loan and Security Agreement
Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower and any SPE Equity Owner will remain a “Single Purpose Entity,” which means at all times since its formation and thereafter it will satisfy each of the following conditions:: (
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)
Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower Entity and any SPE Equity Owner will remain a “Single Purpose Entity,” which means at all times since its formation it has satisfied, and thereafter after the date of this Loan Agreement it will satisfy satisfy, each of the following conditions:
Appears in 1 contract
Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower and any SPE Equity Owner will remain a “"Single Purpose Entity,” " which means a corporation, limited partnership, or limited liability company which, at all times since its formation from the date of this Loan Agreement and thereafter it will satisfy each of the following conditions:
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Bluerock Residential Growth REIT, Inc.)
Single Purpose Entity Requirements. Until the Indebtedness is paid in full, each Borrower Entity and any SPE Equity Owner will remain a “Single Purpose Entity,” which means at all times since its formation and thereafter it will satisfy each of the following conditions:
Appears in 1 contract
Samples: Continuing Covenant Agreement
