Common use of Borrowing Entity Clause in Contracts

Borrowing Entity. There have been no changes in the organization, composition, ownership structure or formation documents of any Borrower since the date of the Credit Agreement that would violate any restrictions set forth in the Loan Documents.

Appears in 4 contracts

Sources: Modification Agreement (Creative Media & Community Trust Corp), Modification Agreement (Creative Media & Community Trust Corp), Modification Agreement (Creative Media & Community Trust Corp)

Borrowing Entity. There have been no changes in the organization, composition, ownership structure or formation documents of any Borrower since the date inception of the Credit Agreement Loan that would violate any restrictions set forth in the Loan Documents.

Appears in 2 contracts

Sources: Modification Agreement (KBS Growth & Income REIT, Inc.), Modification Agreement (KBS Growth & Income REIT, Inc.)

Borrowing Entity. There have been no changes in the organization, composition, ownership structure or formation documents of any Borrower since the date inception of the Loan (or the joinder by such Borrower into the Credit Agreement Agreement, as applicable) that would violate any restrictions set forth in the Loan Documents.

Appears in 1 contract

Sources: Modification Agreement (CIM Commercial Trust Corp)