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Common use of Single Purpose Clause in Contracts

Single Purpose. Borrower hereby represents and warrants to, and covenants with, Lender that since Borrower’s creation, as of the date hereof and until such time as the Obligations shall be paid and performed in full, Borrower has complied with, is in compliance with, and shall comply with the requirements set forth on Schedule III attached hereto.

Appears in 2 contracts

Samples: Loan Agreement (American Realty Capital New York City REIT, Inc.), Loan Agreement (Sun Communities Inc)

Single Purpose. Each Borrower hereby represents and warrants to, and covenants with, Lender that since such Borrower’s creation, as of the date hereof and until such time as the Obligations Debt shall be paid and performed in full, Borrower has complied with, is in compliance compliant with, and shall comply with the requirements set forth on in Schedule III attached hereto.

Appears in 1 contract

Samples: Loan Agreement (Cole Credit Property Trust V, Inc.)

Single Purpose. Borrower hereby represents and warrants to, and covenants with, Lender that since Borrower’s creation, as of the date hereof and until such time as the Obligations shall be paid and performed in full, Borrower has complied with, is in compliance with, and shall comply with the requirements set forth on Schedule III attached heretoof a Special Purpose Entity.

Appears in 1 contract

Samples: Loan Agreement (TNP Strategic Retail Trust, Inc.)

Single Purpose. Borrower hereby represents and warrants to, and covenants with, Lender that since Borrower’s creation, as of the date hereof and until such time as the Obligations shall be paid and performed in full, Borrower has complied in all material respects with, is materially in compliance with, and shall materially comply with the requirements set forth on Schedule III attached hereto.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Sun Communities Inc)