Federal Tax Lien. A federal tax lien shall be filed against the Borrower, any Obligor, or any of their respective Subsidiaries under Section 6323 of the Internal Revenue Code or a lien of the PBGC shall be filed against the Borrower, any other Obligor, or any of their respective Subsidiaries under Section 4068 of ERISA and in either case such lien shall remain undischarged (or otherwise unsatisfied) for a period of twenty-five (25) days after the date of filing.
Appears in 17 contracts
Samples: Credit Agreement (Wells Real Estate Investment Trust Ii Inc), Term Loan Agreement (Wells Real Estate Investment Trust Ii Inc), Credit Agreement (Wells Core Office Income Reit Inc)
Federal Tax Lien. A federal tax lien shall be filed against the Borrower, any Obligor, or any of their respective Subsidiaries under Section 6323 of the Internal Revenue Code or a lien of the PBGC shall be filed against the Borrower, any other Obligor, or any of their respective Subsidiaries under Section 4068 of ERISA and in either case such lien shall remain undischarged (or otherwise unsatisfied) for a period of twenty-five (25) days after the date of filing.
Appears in 5 contracts
Samples: Mezzanine Credit Agreement (NNN Apartment REIT, Inc.), Credit Agreement (Parkway Properties Inc), Term Loan Agreement (Colonial Properties Trust)
Federal Tax Lien. A federal tax lien with a monetary value in excess of $5,000,000 shall be filed against the Borrower, any ObligorLoan Party, or any of their respective Subsidiaries under Section 6323 of the Internal Revenue Code or a lien of the PBGC with a monetary value in excess of $5,000,000 shall be filed against the Borrower, any other ObligorLoan Party, or any of their respective Subsidiaries under Section 4068 of ERISA and in either case such lien shall remain undischarged (or otherwise unsatisfied) for a period of twenty-five (25) days after the date of filing.
Appears in 2 contracts
Samples: Credit Agreement (Colonial Realty Limited Partnership), Term Loan Agreement (Colonial Realty Limited Partnership)
Federal Tax Lien. A federal tax lien with a monetary value in excess of $5,000,000 shall be filed against the Borrower, any Obligor, or any of their respective Subsidiaries under Section 6323 of the Internal Revenue Code or a lien of the PBGC with a monetary value in excess of $5,000,000 shall be filed against the Borrower, any other Obligor, or any of their respective Subsidiaries under Section 4068 of ERISA and in either case such lien shall remain undischarged (or otherwise unsatisfied) for a period of twenty-five (25) days after the date of filing.
Appears in 1 contract
Samples: Term Loan Agreement (Colonial Realty Limited Partnership)
Federal Tax Lien. A federal tax lien shall be filed against the Borrower, any Obligor, Subsidiary or any of their respective Subsidiaries Loan Party under Section 6323 of the Internal Revenue Code or a lien of the PBGC shall be filed against the Borrower, any other Obligor, Subsidiary or any of their respective Subsidiaries other Loan Party under Section 4068 of ERISA and in either case such lien shall remain undischarged (or otherwise unsatisfied) for a period of twenty-five thirty (2530) days after the date of filing.
Appears in 1 contract
Samples: Credit Agreement (Gables Realty Limited Partnership)
