Dissolution; Merger or Consolidation. Neither Borrower nor, if applicable, any Single-Purpose Equityholder shall dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Qualified Successor Borrower pursuant to Section 2.2.
Appears in 5 contracts
Samples: Loan Agreement (Glimcher Realty Trust), Loan Agreement (Life Time Fitness Inc), Loan Agreement (Glimcher Realty Trust)
Dissolution; Merger or Consolidation. Neither Borrower nor, if applicable, any Single-Purpose Equityholder shall not dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Qualified Successor Borrower pursuant to Section 2.2.
Appears in 3 contracts
Samples: Loan Agreement (KBS Real Estate Investment Trust II, Inc.), Loan Agreement (Cole Credit Property Trust III, Inc.), Loan Agreement (Reckson Associates Realty Corp)
Dissolution; Merger or Consolidation. Neither Borrower No Borrower, Property Owner that owns any assets nor, if applicable, any Single-Purpose Equityholder shall dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Qualified Successor Borrower pursuant to Section 2.2Person.
Appears in 3 contracts
Samples: Senior Mezzanine Loan Agreement (Gramercy Capital Corp), Senior Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.), Loan Agreement (Gramercy Capital Corp)
Dissolution; Merger or Consolidation. Neither Borrower norNone of Borrower, Operating Lessee or, if applicable, any Single-Purpose Equityholder shall dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Qualified Successor Borrower pursuant to Section 2.2.
Appears in 2 contracts
Samples: Loan Agreement (Pebblebrook Hotel Trust), Loan Agreement (Pebblebrook Hotel Trust)
Dissolution; Merger or Consolidation. Neither Borrower nor, if applicable, any Single-Purpose Equityholder shall dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Qualified Successor Borrower pursuant to Section 2.22.3.
Appears in 1 contract
Samples: Management Agreement (American Casino & Entertainment Properties LLC)
Dissolution; Merger or Consolidation. Neither Borrower norNone of Borrower, Operating Lessee or, if applicable, any Single-Purpose Equityholder shall shall, to the fullest extent permitted by law, dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Qualified Successor Borrower pursuant to Section 2.2.
Appears in 1 contract
Dissolution; Merger or Consolidation. Neither No Borrower nor, if applicable, any Single-Purpose Equityholder shall dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Qualified Successor Borrower pursuant to Section 2.2Person.
Appears in 1 contract
Dissolution; Merger or Consolidation. Neither Borrower nor, if applicable, any Single-Purpose Equityholder shall dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Qualified Successor Borrower pursuant to Section 2.2Person.
Appears in 1 contract
Dissolution; Merger or Consolidation. Neither Borrower norNone of Obligor, Operating Lessee or, if applicable, any Single-Purpose Equityholder shall dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Qualified Successor Borrower pursuant to Section 2.2.
Appears in 1 contract
Dissolution; Merger or Consolidation. Neither Borrower nor, if applicable, any Single-Purpose Equityholder shall dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Qualified Successor Borrower pursuant to Section 2.22.6.
Appears in 1 contract
Samples: Management Agreement (American Casino & Entertainment Properties LLC)
Dissolution; Merger or Consolidation. Neither Borrower nor, if applicable, any Single-Purpose Equityholder shall not dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Qualified Successor Borrower pursuant to Section 2.22.3.
Appears in 1 contract
Samples: Loan Agreement (Toys R Us Inc)
Dissolution; Merger or Consolidation. Neither Borrower norshall not, if applicableand shall not permit Property Owner to, any Single-Purpose Equityholder shall dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Qualified Successor Borrower pursuant to Section 2.22.3.
Appears in 1 contract
Dissolution; Merger or Consolidation. Neither Borrower nor, if applicable, any Single-Purpose Equityholder shall (i) dissolve, terminate, liquidate, merge with or consolidate into another Person or (ii) cause, permit or suffer TRS Lessee to dissolve, liquidate, merge with or consolidate into another Person, in each case, without first causing the Loan to be assumed by a Qualified Successor Borrower and/or Qualified Successor TRS Lessee, as applicable, pursuant to Section 2.22.3.
Appears in 1 contract
