Taxable Mortgage Pool. Neither the Company nor any of its assets will be treated as a taxable mortgage pool.
Taxable Mortgage Pool. Neither the Company nor any of its subsidiaries or asset pools is treated as a taxable mortgage pool within the meaning of Section 7701(i) of the Code.
Taxable Mortgage Pool. It shall not permit the sum of the outstanding principal balances of all Collateral Loans owned by the Borrower and that are principally secured by an interest in real property (within the meaning of Treasury Regulation Section 301.7701(i)-1(d)(3)) to exceed 40% of the total aggregate outstanding loan balance of all Collateral Loans owned by the Borrower.
Taxable Mortgage Pool. At no time shall the Company or its assets be treated as a taxable mortgage pool.
Taxable Mortgage Pool. The consummation of the transactions contemplated by this Agreement and the other Transaction documents do not and will not cause the Borrower to be classified as a taxable mortgage pool within the meaning of Section 7701(i) of the Code.
Taxable Mortgage Pool. To the knowledge of the Company, neither the Company, any of its subsidiaries nor any of their assets will be treated as a taxable mortgage pool.
Taxable Mortgage Pool. Neither the Company nor any of its assets is, nor after application of the net proceeds from the Offered Shares as described in the Prospectus will be, treated as a taxable mortgage pool.
Taxable Mortgage Pool. Enter into any transaction contemplated by this Agreement that will subject either Borrower to "taxable mortgage pool" status under the regulations of the Internal Revenue Service, as amended.
Taxable Mortgage Pool. At no time within one year after this Agreement shall the Company or its assets be treated as a taxable mortgage pool.
Taxable Mortgage Pool. The Servicer shall manage the Loan Pool such that no more than 35% of the Aggregate Outstanding Loan Balance of Loans owned by the Issuer at any time shall consist of Loans principally secured by real property.
