Examples of USRP REIT in a sentence
Xxxxx Title: Chief Financial Officer USRP REIT: U.S. RESTAURANT PROPERTIES, INC.
For all leases executed following the Closing Date, the USRP REIT, the General Partner and the Borrower shall, and shall not permit any other Consolidated Subsidiary to, lease as lessee any real property pursuant to a ground lease unless such ground lease contains customary provisions protective of any lender to the lessee which provisions do not vary in any material respect from those required under the Borrower’s standard underwriting procedures and policies.
The USRP REIT is qualified as a REIT and each of its Subsidiaries that is a corporation is a Qualified REIT Subsidiary.
There are no disputes or controversies pending between the Borrower, the Guarantors or their respective Subsidiaries and their respective employees, the outcome of which reasonably may be expected to have a Material Adverse Effect.
Evidence, satisfactory to the Agent, that the USRP REIT qualifies as a REIT, that each of its Subsidiaries that are corporations are Qualified REIT Subsidiaries and that the execution and performance by the Credit Parties under the Credit Documents shall not affect such status.
The USRP REIT, the General Partner and the Borrower shall not, and shall not permit any other Consolidated Subsidiary to, transfer any of their respective assets to any of their respective Subsidiaries or Affiliates except to the extent the applicable Subsidiary or Affiliate has, at the time of such transfer, executed a Joinder Agreement and is a Guarantor hereunder.
Each of the Subsidiaries of the USRP REIT set forth on Schedule 6.26 is a taxable REIT subsidiary, as such term is used in the Code.
Xxxxx Title: Vice President USRP REIT: U.S. RESTAURANT PROPERTIES, INC.
Each of the Domestic Subsidiaries of the General Partner, the USRP REIT and the Borrower existing as of the date hereof, except USRP Funding 2001-A, L.P., USRP (SFGP), LLC, USRP (Hawaii), LLC, USRP (Xxx), LLC and Fuel Supply, Inc.
The USRP REIT has no Subsidiaries that are taxable REIT subsidiaries except those set forth on Schedule 6.26.