Single-Purpose Requirements. Each Borrower, each Property Owner and their respective Single-Purpose Equityholders, except as disclosed on Exhibit A, is now a Single-Purpose Entity, and has always been a Single-Purpose Entity to the extent relevant to the Nonconsolidation Opinion. All statements of fact contained in the Nonconsolidation Opinion and in the certificates referenced therein and attached thereto are true and correct in all material respects.
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Samples: Senior Mezzanine Loan Agreement (Gramercy Capital Corp), Senior Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)
Single-Purpose Requirements. Each Borrower, each Property Owner and their respective Single-Purpose EquityholdersEquityholder, except as disclosed on Exhibit A, is now a Single-Purpose Entity, and has always been a Single-Purpose Entity to the extent relevant to the Nonconsolidation Opinion. All statements of fact contained in the Nonconsolidation Opinion and in the certificates referenced therein and attached thereto are true and correct in all material respects.
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Single-Purpose Requirements. Each Borrower, each Property Owner Borrower and their its respective Single-Purpose EquityholdersEquityholder, except as disclosed on Exhibit A, is now a Single-Purpose Entity, Entity and has always been a Single-Purpose Entity Entity, to the extent relevant to the Nonconsolidation Opinion. All statements of fact contained in the Nonconsolidation Opinion and in the certificates referenced therein and attached thereto are true and correct in all material respects.
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