Dwellings. No portion of the proceeds of the Loan shall be used by Borrower to finance the purchase or construction of real property containing four (4) or fewer residential units or on which four (4) or fewer residential units are to be constructed. No portion of the Property is or will be a “dwelling” within the meaning of Section 10240.1 or Section 10240.2 of the California Business and Professions Code.
Appears in 3 contracts
Samples: Security Agreement and Fixture Filing (TNP Strategic Retail Trust, Inc.), Agreement and Fixture Filing (TNP Strategic Retail Trust, Inc.), Agreement and Fixture Filing (TNP Strategic Retail Trust, Inc.)
Dwellings. No portion of the proceeds of the Loan shall be used by Borrower to finance the purchase or construction of real property containing four (4) or fewer residential units or on which four (4) or fewer residential units are to be constructed. No As of the date hereof, Borrower represents, warrants and covenants that no portion of the Property is or will be a “dwelling” within the meaning of Section 10240.1 or Section 10240.2 of the California Business and Professions Code.
Appears in 1 contract
Dwellings. No portion of the proceeds of the Loan shall be --------- used by Borrower to finance the purchase or construction of real property containing four (4) or fewer residential units or on which four (4) or fewer residential units are to be constructed. No portion of the Property is or will be a “"dwelling” " within the meaning of Section 10240.1 or Section 10240.2 of the California Business and Professions Code.
Appears in 1 contract
Samples: Kilroy Realty Corp
Dwellings. No portion of the proceeds of the Loan shall be used by Individual Borrower to finance the purchase or construction of real property containing four (4) or fewer residential units or on which four (4) or fewer residential units are to be constructed. No portion of the Property is or will be a “dwelling” within the meaning of Section 10240.1 or Section 10240.2 of the California Business and Professions Code.
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Dwellings. No portion of the proceeds of the Loan shall be used by Borrower Grantor to finance the purchase or construction of real property containing four (4) or fewer residential units or on which four (4) or fewer residential units are to be constructed. No portion of the Property Collateral is or will be a “dwelling” within the meaning of Section 10240.1 or Section 10240.2 of the California Business and Professions Code.
Appears in 1 contract
Samples: KBS Strategic Opportunity REIT, Inc.
