Real Estate Subsidiaries definition
Examples of Real Estate Subsidiaries in a sentence
The Real Estate Subsidiaries will not own or acquire any material assets other than real property (and the fixtures and equipment located thereon) or incur any liabilities, in each case, except permitted by Section 6.01(e) and 6.01(x) (other than liabilities reasonably incurred in connection with its maintenance of its existence).
Borrower has no Real Estate Subsidiaries other than those listed on Schedule 6.13 (and, if subsequent to the Closing Date, such additional Real Estate Subsidiaries as have been formed or in compliance with Section 7.13) and Schedule 6.13 sets forth the jurisdiction of incorporation or organization of each such Real Estate Subsidiary and the percentage of Borrower’s ownership interest in such Real Estate Subsidiary.
The Real Estate Subsidiaries are not be required to grant the Collateral Agent a Lien on any of their Property, but no Real Estate Subsidiary shall own any Property other than Real Property Interests.
The Real Estate Subsidiaries will not own or acquire any material assets other than real property (and the fixtures and equipment located thereon) or incur any liabilities, in each case, except pursuant to and in accordance with the Real Estate Loan Agreements or as otherwise permitted by Section 6.01(e) (other than liabilities reasonably incurred in connection with its maintenance of its existence).
Prior to the Distribution Date, Choice shall take or cause to be taken all actions necessary to cause the transfer, assignment, delivery and conveyance to Franchising or the Franchising Group Subsidiary designated by Franchising, of all of Choice's and Real Estate Subsidiaries' right, title and interest in any Franchising Group Assets held, on or prior to the Distribution Date, by Choice or any Real Estate Group Subsidiary.