Common use of Single Purpose Entity/Separateness Clause in Contracts

Single Purpose Entity/Separateness. (a) Until the Indebtedness has been paid in full, Borrower hereby represents, warrants and covenants that Borrower and each SPE Entity is, shall be, and shall continue to be, a Single Purpose Entity.

Appears in 7 contracts

Samples: Loan and Security Agreement (Hudson Pacific Properties, Inc.), Loan and Security Agreement (Digital Realty Trust, Inc.), Loan and Security Agreement (Toys R Us Inc)

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Single Purpose Entity/Separateness. (a) Until the Indebtedness has been paid in full, Borrower hereby represents, warrants and covenants that Borrower and each SPE Entity is, shall be, and shall continue to be, a Single Purpose Entity.

Appears in 3 contracts

Samples: Loan and Security Agreement (KBS Real Estate Investment Trust, Inc.), Loan and Security Agreement (American Financial Realty Trust), Loan and Security Agreement (American Financial Realty Trust)

Single Purpose Entity/Separateness. (a) Until the Indebtedness has been paid in full, Borrower hereby represents, warrants and covenants that Borrower and each SPE Entity is, shall be, and shall continue to be, a Single Purpose Entity.

Appears in 1 contract

Samples: Loan and Security Agreement (Ashford Hospitality Trust Inc)

Single Purpose Entity/Separateness. (a) Until the Indebtedness has been paid in full, Borrower hereby represents, warrants and covenants that each of Borrower and each SPE Entity Member is, shall be, and shall continue to be, a Single Purpose Entity.

Appears in 1 contract

Samples: Loan and Security Agreement (Maguire Properties Inc)

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Single Purpose Entity/Separateness. (a) Until the Indebtedness Loan has been paid in full, Borrower hereby represents, warrants and covenants that Borrower and each SPE Entity is, shall be, and shall continue to be, a Single Purpose Entity.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (NRI Real Token Inc.)

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