Assets of Borrower. The Borrower has no assets other than the shares in each Guarantor and such other assets as are necessary or incidental to its establishment and operations.
Assets of Borrower. The only business of Borrower shall be the Business.
Assets of Borrower. The only assets of Borrower are the Project, the remainder of the Property, the Leases and cash or cash equivalents and incidental personal property of the Project necessary for the operation of the Project.
Assets of Borrower. The only assets of Borrower are the Property, the personal property owned by Xxxxxxxx and used in connection with the Property and cash or cash equivalents.
Assets of Borrower. 79 ARTICLE IX AFFIRMATIVE COVENANTS
Assets of Borrower. The Borrower (a) does not own, beneficially or of record, any assets other than (i) equity interests in its Subsidiaries and Excluded Subsidiaries, and (ii) such other assets as are de minimis with respect to the consolidating balance sheet of the Borrower on a stand-alone basis, and (b) does not conduct business, operations or generate any revenue except (i) such revenue received as distributions on Capital Stock of its Subsidiaries and Excluded Subsidiaries and (ii) such other revenue as is de minimis with respect to the consolidating income statement of the Borrower on a stand-alone basis.
Assets of Borrower. On the date of this Agreement, the assets (excluding intercompany receivables) shown in the unaudited financial statements for the fiscal quarter ended March 31, 1998, which are assets (excluding intercompany receivables) of the Borrower itself on an unconsolidated basis are at least $44,594,564.00.
Assets of Borrower. The Administrative Agent shall have received satisfactory evidence that all the assets that are purported to be owned by the Borrower and its Subsidiaries pursuant to pro forma financial statements and other information delivered to the Lenders are in fact owned by Borrower and its Subsidiaries.
Assets of Borrower. The payment and performance of the Note and all of the other Obligations hereunder and under the Loan Documents shall be secured by a first and superior lien against all of the assets of Borrower pursuant to the terms of a security agreement (the “Security Agreement”), which shall be in form and substance satisfactory to Lender, together with a landlord subordination agreement signed by the landlord of each leased location of Borrower.
Assets of Borrower. Borrower or a Guarantor has good and marketable title in fee simple to, or valid and subsisting leasehold interests in, the Owned Real Property and the Ground Leased Real Property, and good and marketable title to all its other property (including without limitation the Collateral), free and clear of all Liens (other than Permitted Liens).
