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Common use of SPECIAL COVENANTS; SINGLE PURPOSE ENTITY Clause in Contracts

SPECIAL COVENANTS; SINGLE PURPOSE ENTITY. Each Borrower shall at all times be a Single Purpose Entity.

Appears in 4 contracts

Sources: Loan Agreement (KBS Real Estate Investment Trust II, Inc.), Loan Agreement (KBS Real Estate Investment Trust III, Inc.), Loan Agreement (KBS Real Estate Investment Trust II, Inc.)

Parent Clauses

  • Other Covenants of Borrower
  • Covenants of Borrower
  • Additional Covenants of Borrower
  • Covenants of Borrower and Owner
  • REPRESENTATIONS AND WARRANTIES

Sub-Clauses

  • Limited Purpose
  • Separateness Covenants
  • Limitations on Debt, Actions
  • Delaware Division
  • INTERCOMPANY LOANS
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