Borrower’s Equity Interests. Principal owns and will own one hundred percent (100%) of the ownership interests in Borrower, and Principal has not transferred, conveyed, pledged or encumbered (and will not transfer, convey, pledge or encumber) such interests except as expressly permitted pursuant to the Junior Mezzanine Loan or otherwise with the prior written consent of Lender.
Appears in 4 contracts
Samples: Junior Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.), Senior Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.), Junior Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)
Borrower’s Equity Interests. Principal owns Principals own and will own one hundred percent (100%) of the ownership interests in BorrowerBorrowers, and Principal has Principals have not transferred, conveyed, pledged or encumbered (and will not transfer, convey, pledge or encumber) such interests except as expressly permitted pursuant to the Junior Mezzanine Loan or otherwise with the prior written consent of LenderLender and except for any Borrowers’ Permitted Transfers.
Appears in 2 contracts
Samples: Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.), Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)
