Common use of Contractual Obligations Clause in Contracts

Contractual Obligations. Other than the Loan Documents, the organizational documents of Borrower (and the initial membership interests in Borrower issued pursuant thereto) and Owner, neither Borrower nor any of its assets shall be subject to any Contractual Obligations, and Borrower shall not enter into any agreement, instrument or undertaking by which it or its assets are bound, except for such liabilities, not material in the aggregate, that are incidental to its activities as a regular member of Owner.

Appears in 6 contracts

Samples: Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.), Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.), Senior Mezzanine Loan Agreement (Maguire Properties Inc)

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Contractual Obligations. Other than the Loan Documents, Documents and the organizational documents of Borrower the Mortgage Borrowers (and the initial membership limited liability company interests in Borrower Mortgage Borrowers issued pursuant thereto) and Owner), neither Borrower nor any of its assets shall be subject to any Contractual Obligations, and no Borrower shall not enter into any agreement, instrument or undertaking by which it or its assets are bound, except for such liabilities, not material in the aggregate, that are incidental to its activities as a regular member of Ownerthe applicable Mortgage Borrower.

Appears in 2 contracts

Samples: Pledge and Security Agreement (MPG Office Trust, Inc.), Pledge and Security Agreement (MPG Office Trust, Inc.)

Contractual Obligations. Other than the Loan Documents, the organizational documents of Borrower (Documents and the initial membership interests in Borrower issued pursuant thereto) and OwnerOperating Agreement, neither Borrower nor any of its Borrower’s assets shall be subject to any Contractual Obligations, and Borrower shall not enter into any agreement, instrument or undertaking by which it Borrower or its Borrower’s assets are bound, except other than those necessary and customary for such liabilities, not material in properties similar to the aggregate, that are incidental Project to its activities as a regular member of Owneroperate and manage the same.

Appears in 2 contracts

Samples: Loan Agreement (City Office REIT, Inc.), Loan Agreement (City Office REIT, Inc.)

Contractual Obligations. Other than the Loan Documents, the organizational documents of Borrower (Operating Agreement and the initial membership interests in Mortgage Borrower issued pursuant thereto) and OwnerCompany Agreement, neither Borrower nor any of its assets shall be subject to any Contractual Obligations, and Borrower shall not enter into any agreement, instrument or undertaking by which it or its assets are bound, except for such liabilities, not material in the aggregate, that are incidental to its activities as a regular limited partner, member or shareholder, as applicable, of OwnerMortgage Borrower.

Appears in 2 contracts

Samples: Mezzanine a Loan Agreement (Vici Properties Inc.), Loan Agreement (Vici Properties Inc.)

Contractual Obligations. Other than the Loan Documents, the organizational documents of Mortgage Borrower Company Agreement (and the initial membership limited liability company interests in Mortgage Borrower issued pursuant thereto) and Owner), neither Borrower nor any of its assets shall be subject to any Contractual Obligations, and Borrower shall not enter into any agreement, instrument or undertaking by which it or its assets are bound, except for such liabilities, not material in the aggregate, that are incidental to its activities as a regular member of OwnerMortgage Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc)

Contractual Obligations. Other than the Loan Documents, the organizational documents of Borrower (and the initial membership interests in Borrower issued pursuant thereto) and Owner, neither Borrower nor any of its assets shall be subject to any Contractual Obligations, and Borrower shall not enter into any agreement, instrument or undertaking by which it or its assets are bound, except for such liabilities, not material in the aggregate, that are incidental to its activities as a regular member of OwnerXxxxxx Cushion Entity.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Wyndham International Inc)

Contractual Obligations. Other than the Loan Documents, the organizational documents of Borrower (and the initial membership interests in Borrower issued pursuant thereto) and Owner, neither Borrower nor any of its assets shall be subject to any Contractual Obligations, Obligations and Borrower shall not enter into any agreement, instrument or undertaking by which it or its assets are bound, except for such liabilities, not material in the aggregate, that are incidental to its activities as a regular member of OwnerMortgage Borrower.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (KBS Strategic Opportunity REIT, Inc.)

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Contractual Obligations. Other than the Loan Documents, the organizational documents of Borrower (Operating Agreement, the Mortgage Borrower Company Agreement and the initial membership interests in Borrower issued pursuant thereto) and OwnerPrincipal Company Agreement, neither Borrower nor any of its assets shall be subject to any Contractual Obligations, and Borrower shall not enter into any agreement, instrument or undertaking by which it or its assets are bound, except for such liabilities, not material in the aggregate, that are incidental to its activities as a regular limited partner, member or shareholder, as applicable, of OwnerMortgage Borrower or Principal.

Appears in 1 contract

Samples: Senior Mezzanine Loan Agreement (Ashford Hospitality Prime, Inc.)

Contractual Obligations. Other than the Loan Documents, the organizational documents of Borrower (Documents and the initial membership interests in Borrower issued pursuant thereto) and OwnerPartnership Agreement, neither Borrower nor any of its Borrower’s assets shall be subject to any Contractual Obligations, and Borrower shall not enter into any agreement, instrument or undertaking by which it Borrower or its Borrower’s assets are bound, except other than those necessary and customary for such liabilities, not material in properties similar to the aggregate, that are incidental Project to its activities as a regular member of Owneroperate and manage the same.

Appears in 1 contract

Samples: Loan Agreement (City Office REIT, Inc.)

Contractual Obligations. Other than the Loan Documents, the organizational documents of Borrower (and the initial membership interests in Borrower issued pursuant thereto) and OwnerOwner and the provisions of the Senior Loan Documents, neither Borrower nor any of its assets shall be subject to any Contractual Obligations, and Borrower shall not enter into any agreement, instrument or undertaking by which it or its assets are bound, except for such liabilities, not material in the aggregate, that are incidental to its activities as a regular member of Owner.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (OVERSTOCK.COM, Inc)

Contractual Obligations. Other than the Loan Documents, the organizational documents of Borrower (and the initial membership interests in Borrower issued pursuant thereto) and Owner, neither Borrower nor any of its assets shall be subject to any Contractual Obligations, and Borrower shall not enter into any agreement, instrument or undertaking by which it or its assets are bound, except for such liabilities, not material in the aggregate, that are incidental to its activities as a regular member limited partner of OwnerMortgage Borrower, or as a shareholder of General Partner.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (CNL Income Properties Inc)

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