Common use of Material Subsidiary Clause in Contracts

Material Subsidiary. Any Subsidiary of the Borrower that owns Real Estate and is not an Excluded Subsidiary.

Appears in 4 contracts

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

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Material Subsidiary. Any (a) Subsidiary of the Borrower that owns Real Estate and is not an Excluded Subsidiary., (b) Subsidiary of the Borrower which is a guarantor of or is otherwise liable with respect to any other Unsecured Debt of the Borrower or any of its Subsidiaries, or (c) any Subsidiary of the Borrower which owns a direct interest in either CVOP II, or from and after the Merger, CVOP I.

Appears in 2 contracts

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

Material Subsidiary. Any (a) Subsidiary of the Borrower that owns Real Estate and is not an Excluded Subsidiary, or (b) Subsidiary of Borrower which is a guarantor of or is otherwise liable with respect to any other Unsecured Debt of the REIT, the Borrower or any of their respective Subsidiaries.

Appears in 2 contracts

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

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Material Subsidiary. Any (a) Subsidiary of the Borrower BorrowerREIT that owns Real Estate and is not an Excluded Subsidiary, or (b) Subsidiary of BorrowerREIT which is a guarantor of or is otherwise liable with respect to any other Unsecured Debt of the REIT, the Borrower or any of their respective Subsidiaries.

Appears in 1 contract

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

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