Mortgagor’s Equity Interests. Borrowers own and will own one hundred percent (100%) of the Equity Interests in Mortgagor, and Borrowers have not transferred, conveyed, pledged or encumbered (and will not transfer, convey, pledge or encumber) such interests except to Lender pursuant to the Loan Documents. Borrowers have and will have authority to encumber its Equity Interests in Mortgagor pursuant to the terms of the Pledge Agreement.
Appears in 2 contracts
Samples: Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.), Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)
Mortgagor’s Equity Interests. Borrowers own Borrower owns and will own one hundred percent (100%) of the Equity Interests in Mortgagor, and Borrowers have Borrower has not transferred, conveyed, pledged or encumbered (and will not transfer, convey, pledge or encumber) such interests except to Lender pursuant to the Loan Documents. Borrowers have Borrower has and will have authority to encumber its Equity Interests in Mortgagor pursuant to the terms of the Pledge Agreement.
Appears in 2 contracts
Samples: Senior Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.), Senior Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)
Mortgagor’s Equity Interests. Borrowers own Borrower owns and will own one hundred percent (100%) of the Equity Interests in Mortgagor, and Borrowers have Borrower has not transferred, conveyed, pledged or encumbered (and will not transfer, convey, pledge or encumber) such interests except to Lender pursuant to the Loan Documents. Borrowers have and will have authority to encumber its Equity Interests in Mortgagor pursuant to the terms of the Pledge AgreementLender.
Appears in 1 contract
Samples: Senior Mezzanine Loan Agreement (Behringer Harvard Multifamily Reit I Inc)
