Common use of Formation Documents Clause in Contracts

Formation Documents. A true and complete copy of the formation documents creating Borrower and each Borrower Party and any and all amendments thereto (collectively, the “Borrower Formation Documents”) has been furnished to Administrative Agent. The Borrower Formation Documents constitute the entire agreement regarding Borrower and each Borrower Party among the members of Borrower and shareholders of each Borrower Party and are binding upon and enforceable against each of the members or shareholders, as applicable, in accordance with their terms. No breach exists under the Borrower Formation Documents and no condition exists which, with the giving of notice or the passage of time would constitute a breach under the Borrower Formation Documents.

Appears in 2 contracts

Samples: Loan Agreement (Cornerstone Core Properties REIT, Inc.), Loan Agreement (Summit Healthcare REIT, Inc)

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Formation Documents. A true and complete copy of the formation documents creating Borrower and each Borrower Party and any and all amendments thereto (collectively, the “Borrower Formation Documents”) has been furnished to Administrative Agent. The Borrower Formation Documents constitute the entire agreement regarding Borrower and each Borrower Party among the members of Borrower and shareholders the members, partners or shareholders, as applicable, of each Borrower Party and are binding upon and enforceable against each of the members members, partners or shareholders, as applicable, in accordance with their terms. No breach exists under the Borrower Formation Documents and no condition exists which, with the giving of notice or the passage of time would constitute a breach under the Borrower Formation Documents.

Appears in 1 contract

Samples: Loan Agreement (Cornerstone Core Properties REIT, Inc.)

Formation Documents. A true and complete copy of the formation documents creating Borrower Borrowers and each other Borrower Party and any and all amendments thereto (collectively, the “Borrower Formation Documents”) has been furnished to Administrative Agent. The Borrower Formation Documents constitute the entire agreement regarding Borrower governing the formation and existence of Borrowers and each other Borrower Party among the members of Borrower and shareholders of each Borrowers or such other Borrower Party and are binding upon and enforceable against each of the members or shareholders, as applicable, in accordance with their terms. No breach exists under the Borrower Formation Documents and no condition exists which, with the giving of notice or the passage of time time, would constitute a breach under the Borrower Formation Documents.

Appears in 1 contract

Samples: Loan Agreement (Healthcare Trust, Inc.)

Formation Documents. A true and complete copy of the formation documents creating each Borrower and each Borrower other Loan Party and any and all amendments thereto (collectively, the “Borrower Formation Documents”) has been furnished to Administrative Agent. The Borrower Formation Documents constitute the entire agreement regarding each Borrower and each Borrower other Loan Party among the members of Borrower and members/partners/shareholders of each such Borrower or such other Loan Party and are binding upon and enforceable against each of the members or shareholders, as applicable, members/partners/shareholders in accordance with their terms. No breach exists under the Borrower Formation Documents Documents, and no condition exists which, with the giving of notice or the passage of time time, would constitute a breach under the Borrower Formation Documents.

Appears in 1 contract

Samples: Loan Agreement (CareTrust REIT, Inc.)

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Formation Documents. A true and complete copy of the formation documents creating Borrower and each other Borrower Party and any and all amendments thereto (collectively, the “Borrower Formation Documents”) has been furnished to Administrative Agent. The Borrower Formation Documents constitute the entire agreement regarding governing the formation and existence of Borrower and each other Borrower Party among the members of Borrower and shareholders of each or such other Borrower Party and are binding upon and enforceable against each of the members or shareholders, as applicable, in accordance with their terms. No breach exists under the Borrower Formation Documents and no condition exists which, with the giving of notice or the passage of time time, would constitute a breach under the Borrower Formation Documents.

Appears in 1 contract

Samples: Loan Agreement (Summit Healthcare REIT, Inc)

Formation Documents. A true and complete copy of the formation documents creating each Borrower and each other Borrower Party and any and all amendments thereto (collectively, the “Borrower Formation Documents”) has been furnished to Administrative Agent. The Borrower Formation Documents constitute the entire agreement regarding each Borrower and each other Borrower Party among the members of such Borrower and shareholders of each or such other Borrower Party and are binding upon and enforceable against each of the members or shareholders, as applicable, in accordance with their terms. No breach exists under the Borrower Formation Documents and no condition exists which, with the giving of notice or the passage of time time, would constitute a breach under the Borrower Formation Documents.

Appears in 1 contract

Samples: Loan Agreement (Care Capital Properties, Inc.)

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