Common use of Excluded Subsidiary Clause in Contracts

Excluded Subsidiary. Any Subsidiary of the Borrower which is prohibited from guaranteeing the Indebtedness of any other Person pursuant to (i) any document, instrument or agreement evidencing Secured Debt or (ii) a provision of such Subsidiary’s organizational documents, as a condition to the extension of such Secured Debt.

Appears in 10 contracts

Samples: Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Term Loan Agreement (Carter Validus Mission Critical REIT, Inc.)

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Excluded Subsidiary. Any Subsidiary of the Borrower which is prohibited from guaranteeing the Indebtedness of any other Person pursuant to (i) any document, instrument or agreement evidencing Secured Debt or Indebtedness permitted by this Agreement, (ii) a provision of such Subsidiary’s organizational documents, which provision is included as a condition to the extension of such Secured DebtIndebtedness, or (iii) any joint venture agreement with an unaffiliated third Person.

Appears in 4 contracts

Samples: Credit Agreement (GTJ Reit, Inc.), Credit Agreement (GTJ REIT, Inc.), Credit Agreement (Monogram Residential Trust, Inc.)

Excluded Subsidiary. Any Subsidiary of the Borrower which is prohibited from guaranteeing the Indebtedness of any other Person pursuant to (i) any document, instrument or agreement evidencing Secured Debt permitted by this Agreement or (ii) a provision of such Subsidiary’s organizational documents, which provision is included as a condition to the extension of such Secured Debt.

Appears in 3 contracts

Samples: Credit Agreement (MedEquities Realty Trust, Inc.), Credit Agreement (MedEquities Realty Trust, Inc.), Credit Agreement (MedEquities Realty Trust, Inc.)

Excluded Subsidiary. Any Subsidiary of the Borrower Borrower, CVOP I or CVOP II which is prohibited from guaranteeing the Indebtedness of any other Person pursuant to (i) any document, instrument or agreement evidencing Secured Debt or (ii) a provision of such Subsidiary’s organizational documents, as a condition to the extension of such Secured Debt.

Appears in 3 contracts

Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Term Loan Agreement (Carter Validus Mission Critical REIT II, Inc.)

Excluded Subsidiary. Any Subsidiary of the Borrower or CVOP I which is prohibited from guaranteeing the Indebtedness of any other Person pursuant to (i) any document, instrument or agreement evidencing Secured Debt or (ii) a provision of such Subsidiary’s organizational documents, as a condition to the extension of such Secured Debt.

Appears in 1 contract

Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)

Excluded Subsidiary. Any Subsidiary of the Borrower which is prohibited by any debt instrument executed by such Subsidiary from guaranteeing executing a guaranty of the Indebtedness Obligations of any other Person pursuant to (i) any document, instrument or agreement evidencing Secured Debt or (ii) a provision of such Subsidiary’s organizational documents, as a condition to the extension of such Secured DebtBorrower under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Wheeler Real Estate Investment Trust, Inc.)

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Excluded Subsidiary. Any Subsidiary of the Borrower which is prohibited from guaranteeing the Indebtedness of any other Person pursuant to (i) any document, instrument or agreement evidencing Secured Debt Indebtedness of such Subsidiary or (ii) a provision of such Subsidiary’s organizational documents, included as a condition to the extension of such Secured DebtIndebtedness.

Appears in 1 contract

Samples: Master Loan Agreement and Other (Ramco Gershenson Properties Trust)

Excluded Subsidiary. Any Subsidiary of the Borrower which is prohibited from guaranteeing the Indebtedness of any other Person pursuant to (i) any document, instrument or agreement evidencing Secured Debt Indebtedness permitted by this Agreement or (ii) a provision of such Subsidiary’s organizational documents, which provision is included as a condition to the extension of such Secured DebtIndebtedness.

Appears in 1 contract

Samples: Management Agreement (New Senior Investment Group Inc.)

Excluded Subsidiary. Any Subsidiary of the Borrower which is prohibited by any debt instrument executed by such Subisidary from guaranteeing executing a guaranty of the Indebtedness Obligations of any other Person pursuant to (i) any document, instrument or agreement evidencing Secured Debt or (ii) a provision of such Subsidiary’s organizational documents, as a condition to the extension of such Secured DebtBorrower under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Wheeler Real Estate Investment Trust, Inc.)

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