Tax Status of Borrower. Borrower shall not become a “foreign person,” “foreign partnership,” “foreign trust,” or “foreign estate” within the meaning of Sections 1445 and 7701 of the Revenue Code. If Operator, CHP TRS Holding, Inc. or CNL Healthcare Properties, Inc. becomes a “disregarded entity”, it shall provide Lender with the appropriate documentation regarding same.
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Samples: Loan Agreement (CNL Healthcare Properties, Inc.), Loan Agreement (CNL Healthcare Properties, Inc.)
Tax Status of Borrower. Borrower shall not become a “foreign person,” “foreign partnership,” “foreign trust,” or “foreign estate” within the meaning of Sections 1445 and 7701 of the Revenue Code. If Operator, CHP CHT TRS Holding, Inc. or CNL Healthcare PropertiesTrust, Inc. becomes become a “disregarded entity”, it shall provide Lender with the appropriate documentation regarding same.
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Tax Status of Borrower. Borrower shall not become a “foreign person,” “foreign partnership,” “foreign trust,” or “foreign estate” within the meaning of Sections 1445 and 7701 of the Revenue Code. If Operator, CHP TRS Holding, Inc. or CNL Healthcare Properties, Inc. becomes a “disregarded entity”, it shall provide Lender with the appropriate documentation regarding same.. Prudential Loan Nos. 706109321 - 706109336 CNL BV Portfolio Amended and Restated Loan Agreement
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