Common use of No Material Adverse Change in Business Clause in Contracts

No Material Adverse Change in Business. Since the respective dates as of which information is provided in the Registration Statement and the Prospectus or any amendments or supplements thereto, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings or business affairs of the Company or the Operating Partnership, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effect.

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement Statement, the General Disclosure Package and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs, business prospects or business affairs regulatory status of the Company Adviser or the Operating PartnershipAdministrator, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could that would reasonably be expected to result in a Material Adverse Effect.

No Material Adverse Change in Business. Since the respective dates as of which information is provided in the Registration Statement and the Prospectus or any amendments or supplements thereto, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings or business affairs of the Company or the Operating Partnership, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effect.

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements theretothe Prospectus, except as otherwise stated therein, (a) there has not been no any material adverse change change, or any development involving a prospective material adverse change, in the condition, financial or otherwise, or in the earnings results of operations or business affairs of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a “Material Adverse Effect”).

No Material Adverse Change in Business. Since the respective dates as of which information is provided in the Registration Statement and the Prospectus or any amendments or supplements thereto, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings or business affairs of the Company or the Operating PartnershipCompany, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which that could reasonably be expected to result in a Material Adverse Effect.

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs, business prospects or business affairs regulatory status of the Company Adviser or the Operating PartnershipAdministrator, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could that would reasonably be expected to result in a Material Adverse Effect.

No Material Adverse Change in Business. Since Except as otherwise disclosed in the Prospectus, since the respective dates as of which information is provided in the Registration Statement and the Prospectus or any amendments or supplements thereto, except as otherwise stated therein, (a) thereto there has been no material adverse change in the conditionbusiness, properties, management, financial position, results of operations or otherwise, or in the earnings or business affairs cash flows of the Company or the Operating Partnership, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effect.

No Material Adverse Change in Business. Since the respective dates as of which information is provided in the Registration Statement and the Prospectus or any amendments or supplements thereto, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, or business affairs of the Company or the Operating Partnership, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in be seen as having a Material Adverse Effect.

No Material Adverse Change in Business. Since Except as otherwise stated therein, since the respective dates as of which information is provided given in the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements thereto, except as otherwise stated thereinthe Prospectus, (aA) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating PartnershipAdministrator, whether or not arising in the ordinary course of businessbusiness (an “Administrator Material Adverse Effect”), and (bB) there have been no transactions entered into by the Company or Administrator, other than those in the Operating Partnership ordinary course of business, which could reasonably result in a Material Adverse Effectare material with respect to the Administrator.

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements theretothe Prospectus, except as otherwise stated thereintherein or contemplated thereby, (a) there has been no material adverse change in the condition, financial or otherwise, of the Company and its subsidiaries considered as one enterprise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in such a material adverse change hereinafter referred to as a “Material Adverse Effect”).

No Material Adverse Change in Business. Since the respective dates as of which information is provided in the Registration Statement and the Prospectus or any amendments or supplements thereto, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings or business affairs of the Company or the Operating PartnershipFund, whether or not arising in the ordinary course of business, and (b) there which would have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effect.

No Material Adverse Change in Business. Since Except as otherwise stated therein, since the respective dates as of which information is provided given in the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements thereto, except as otherwise stated thereinthe Prospectus, (aA) there has been no material adverse change in the condition, financial or otherwise, or in the earnings or business affairs of the Company or the Operating Partnership, whether or not arising in the ordinary course of business, Material Adverse Effect and (bB) there have been no transactions entered into by the Company or any of its Subsidiaries, other than those in the Operating Partnership ordinary course of business, which could reasonably result in a Material Adverse Effectare material with respect to the Company and its Subsidiaries considered as one enterprise.

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated thereintherein or in documents incorporated therein by reference, (a) there has been no material adverse change in the condition, financial or otherwise, results of operations or in the earnings or business affairs prospects of the Company or and the Operating Partnership, whether or not arising in the ordinary course of business, and Subsidiaries (bas hereinafter defined) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in taken as a whole (a "Material Adverse Effect").

No Material Adverse Change in Business. Since Except as otherwise stated therein, since the respective dates as of which information is provided given in the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements theretothe Prospectus, except as otherwise stated therein, (a) there has been no material adverse change in the financial condition, financial or otherwise, or in the earnings earnings, business affairs, properties or business affairs prospects of the Company or the Operating PartnershipManager, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a “Manager Material Adverse Effect”).

No Material Adverse Change in Business. Since the respective dates as of which information is provided in the Registration Statement and the Prospectus or any amendments or supplements thereto, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings or business affairs of the Company or the Operating PartnershipCompany, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effect.

No Material Adverse Change in Business. Since Except as otherwise stated therein, since the respective dates as of which information is provided given in the Registration Statement and Statement, the Statutory Prospectus or any amendments or supplements thereto, except as otherwise stated thereinthe Prospectus, (aA) there has been no material adverse change in the conditionMaterial Adverse Effect, financial or otherwise, or in the earnings or business affairs of the Company or the Operating Partnership, whether or not arising in the ordinary course of business, and (bB) there have been no transactions entered into by the Company, other than those in the ordinary course of business, which are material with respect to the Company, and (C) there has been no dividend or distribution of any kind declared, paid or made by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effecton any class of its shares.

No Material Adverse Change in Business. Since the respective dates as of which information is provided in the Registration Statement and the Prospectus or any amendments or supplements thereto, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings or business affairs of the Company or the Operating PartnershipFund, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership Fund which could reasonably result in a Material Adverse Effect.

No Material Adverse Change in Business. Since the respective dates as of which information is provided in the Registration Statement Prospectus and the Prospectus or any amendments or supplements theretoPre-pricing Prospectus, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs, business prospects or business affairs regulatory status of the Company Investment Adviser or the Operating PartnershipAdministrator, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could that would reasonably be expected to result in a Material Adverse Effect.

No Material Adverse Change in Business. Since Except as otherwise disclosed in the Registration Statement and Prospectus, since the respective dates as of which information is provided in the Registration Statement and the Prospectus or any amendments or supplements thereto, except as otherwise stated therein, (a) there has been no material adverse change in the conditionbusiness, properties, management, financial position, results of operations or otherwise, or in the earnings or business affairs cash flows of the Company or the Operating Partnershipand its subsidiaries, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effect.

No Material Adverse Change in Business. Since Except as otherwise stated therein, since the respective dates as of which information is provided given in each of the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements theretothe Prospectus, except as otherwise stated therein, (a) there has been no material adverse change in the condition, condition (financial or otherwise), business or in the earnings or business affairs results of operations of the Company or the Operating Partnership, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in its subsidiaries taken as a Material Adverse Effectwhole.

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (aA) there has been no material adverse change in the financial condition, financial or otherwiseearnings, or in the earnings business affairs or business affairs prospects of the Company or the Operating Partnership(a "Material Adverse Effect"), whether or not arising in the ordinary course of business, business and (bB) there have been no transactions entered into by the Company or Company, other than those in the Operating Partnership ordinary course of business, which could reasonably result in a Material Adverse Effectare material with respect to the Company.

No Material Adverse Change in Business. Since the respective dates as of which information is provided in the Registration Statement and the Prospectus or any amendments or supplements thereto, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings or business affairs of the Company or the Operating PartnershipCompany, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which that could reasonably be expected to result in a Material Adverse EffectEffect on the Company.

No Material Adverse Change in Business. Since Except as otherwise disclosed in the Registration Statement and Prospectus, since the respective dates as of which information is provided in the Registration Statement and the Prospectus or any amendments or supplements thereto, except as otherwise stated therein, (a) thereto there has been no material adverse change in the conditionbusiness, properties, management, financial position, results of operations or otherwise, or in the earnings or business affairs cash flows of the Company or the Operating Partnershipand its subsidiaries, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effect.

No Material Adverse Change in Business. Since Except as otherwise stated therein, since the respective dates as of which information is provided given in the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements theretothe Prospectus, except as otherwise stated therein, (a) there has been no material adverse change in the financial condition, financial or otherwise, or in the earnings earnings, business affairs, properties or business affairs prospects of the Company or the Operating PartnershipManager, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a “Material Adverse Effect”).

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements theretothe Prospectus, except as otherwise stated thereintherein or contemplated thereby, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a “Material Adverse Effect”).

No Material Adverse Change in Business. Since the respective dates as of which information is provided in the Registration Statement and the Prospectus or any amendments or supplements thereto, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings or business affairs of the Company or the Operating Partnership, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably be expected to result in a Material Adverse Effect.

No Material Adverse Change in Business. Since Except as otherwise stated therein, since the respective dates as of which information is provided given in the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements theretothe Final Prospectus, except as otherwise stated therein, (a) there has been no material adverse change in the financial condition, financial or otherwise, or in the earnings earnings, business affairs, properties or business affairs prospects of the Company or the Operating PartnershipManager, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a “Manager Material Adverse Effect”).

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (aA) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnership, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effect.the

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement Statement, the Time of Sale Prospectus and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated thereintherein or in documents incorporated therein by reference, (a) there has been no material adverse change in the condition, financial or otherwise, results of operations or in the earnings or business affairs prospects of the Company or the Operating Partnership, whether or not arising in the ordinary course of business, and its Subsidiaries (bas hereinafter defined) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in taken as a Material Adverse Effectwhole.

No Material Adverse Change in Business. Since Except as otherwise stated therein, since the respective dates as of which information is provided given in the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements theretothe Prospectus, except as otherwise stated therein, (a) there has been no material adverse change in the financial condition, financial or otherwise, or in the earnings earnings, business affairs, properties or business affairs prospects of the Company Manager, or the Operating PartnershipAngelo, Gordon, as applicable, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a “Material Adverse Effect”).

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (a) there has been no material adverse change in the financial condition, financial or otherwise, or in the earnings earnings, business affairs, operations or business affairs regulatory status of the Company Adviser or the Operating PartnershipAdministrator or any of their respective subsidiaries, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could that would reasonably be expected to result in a Material Adverse Effect., or would otherwise reasonably be

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated thereintherein or contemplated thereby, (a) there has been no material adverse change in the condition, financial or otherwise, of the Company and its subsidiaries considered as one enterprise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in such a material adverse change hereinafter referred to as a “Material Adverse Effect”).

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement Statement, the General Disclosure Package and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs, business prospects or business affairs regulatory status of the Company Manager or the Operating PartnershipAdministrator, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could that would reasonably be expected to result in a Material Adverse Effect.

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (a) there has been no material adverse change in the financial condition, financial or otherwise, or in the earnings earnings, business affairs, operations or business affairs regulatory status of the Company Adviser or the Operating PartnershipAdministrator or any of their respective subsidiaries, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could that would reasonably be expected to result in a Material Adverse Effect.Adverse

No Material Adverse Change in Business. Since the respective dates as of which information is provided in the Registration Statement and the Prospectus or any amendments or supplements thereto, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings or business affairs of the Company or the Operating PartnershipTrust, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership Trust which could reasonably result in a Material Adverse Effect.

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated thereintherein or contemplated thereby, (a) there has been no material adverse change in the condition, financial or otherwise, of the Company and its subsidiaries considered as one enterprise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effect.

No Material Adverse Change in Business. Since Subsequent to the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (a) there has not been no (i) any material adverse change in the business, operations, properties, financial condition, financial results of operations or otherwise, prospects of the Manager or (ii) in the earnings or business affairs ability of the Company or Manager to perform its obligations under the Operating PartnershipManagement Agreement (collectively, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a “Manager Material Adverse Effect”).

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (aA) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs of the Company or the Operating Partnership, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effect.prospects of

No Material Adverse Change in Business. Since the respective dates as of which information is provided in given or incorporated by reference into the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (aA) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise (a "Material Adverse Effect"), whether or not arising in the ordinary course of business, and (bB) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effect.by

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements theretothe Prospectus, except as otherwise stated therein, (aA) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs, business prospects, management, assets or business affairs properties of the Company or Company, the Operating PartnershipPartnership and their subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a “Material Adverse Effect.”),

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (aA) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnership, whether or not arising in the ordinary course of business, and its subsidiaries considered as one enterprise (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a “Material Adverse Effect.”),

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectuses, except as otherwise stated therein, (aA) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of businessbusiness (a "Material Adverse Effect"), and (bB) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result any of its subsidiaries, other than those in a Material Adverse Effect.the

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (aA) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effect.the

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (aA) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effect.course

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated disclosed therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs prospects of the Company Bridge or the Operating Partnershipits subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a "Bridge Material Adverse Effect").

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a "Material Adverse Effect").

No Material Adverse Change in Business. Since Except as otherwise stated therein, since the respective dates as of which information is provided given in the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements thereto, except as otherwise stated thereinthe Prospectus, (aA) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnership, whether or not arising in the ordinary course of business, and its Subsidiaries considered as one enterprise (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a “Material Adverse Effect.”),

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated thereintherein or contemplated thereby, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a “Material Adverse Effect”).

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (aA) there has been no material adverse change in the financial condition, financial or otherwiseearnings, or in the earnings business affairs or business affairs prospects of the Company Seller or the Operating PartnershipCompany (a "Material Adverse Effect"), whether or not arising in the ordinary course of business, business and (bB) there have been no transactions entered into by the Company Seller or the Operating Partnership Company, other than those in the ordinary course of business, which could reasonably result in a Material Adverse Effectare material with respect to the Seller or the Company.

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (aA) there has been no material adverse change in the condition, financial or otherwise, or in the earnings operations or business affairs of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, business (a "MATERIAL ADVERSE EFFECT") and (bB) there have been no transactions entered into by the Company or any of its subsidiaries, other than those in the Operating Partnership which could reasonably result in a Material Adverse Effect.ordinary course of business,

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements theretothe Prospectus, except as otherwise stated therein, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings results of operations or business affairs of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a “Material Adverse Effect”).

No Material Adverse Change in Business. Since Except as otherwise disclosed in the Registration Statement and the Prospectus (including filings incorporated by reference therein), subsequent to the respective dates as of which information is provided given in the Registration Statement and or the Prospectus or any amendments or supplements thereto, except as otherwise stated therein, Prospectus: (aA) there has been no material adverse change in the condition, financial or otherwise, or in the earnings properties, earnings, business affairs or business affairs prospects of the Company or and the Operating PartnershipSubsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a “Material Adverse Effect.”),

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (aA) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a "Material Adverse Effect."),

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements theretothe Prospectus, except as otherwise stated thereintherein or contemplated thereby, (a) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a "Material Adverse Effect").

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements theretothe Prospectus, except as otherwise stated therein, (a) there has been no not occurred any material adverse change change, or to the Company’s knowledge, any development involving a prospective material adverse change, in the condition, financial or otherwise, or in the earnings or earnings, business affairs or operations of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and business (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a “Material Adverse Effect”).

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement Statement, the Pricing Disclosure Package and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated therein, (a) there has been no material adverse change in the financial condition, financial or otherwise, or in the earnings earnings, business affairs, operations or business affairs regulatory status of the Company Adviser or the Operating PartnershipAdministrator or any of their respective subsidiaries, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effect.ordinary

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectuses, except as otherwise stated therein, (aA) there has been no material adverse change in the condition, financial or otherwise, or in the earnings earnings, business affairs or business affairs prospects of the Company or the Operating Partnershipand its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in a Material Adverse Effect.the

No Material Adverse Change in Business. Since the respective dates as of which information is provided given in the Registration Statement and the Prospectus or any amendments or supplements theretoProspectus, except as otherwise stated thereintherein or in documents incorporated therein by reference, (a) there has been no material adverse change in the condition, financial or otherwise, results of operations or in the earnings or business affairs prospects of the Company or and the Operating Partnership, whether or not arising in the ordinary course of business, and Subsidiaries (bas hereinafter defined) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in taken as a whole (a “Material Adverse Effect”).

No Material Adverse Change in Business. Since Except as otherwise stated therein, since the respective dates as of which information is provided given in the Registration Statement and Statement, the Prospectus General Disclosure Package or any amendments or supplements theretothe Prospectus, except as otherwise stated therein, (a) there has been no material adverse change in the condition, condition (financial or otherwise), business or in the earnings or business affairs results of operations of the Company or the Operating Partnership, whether or not arising in the ordinary course of business, and (b) there have been no transactions entered into by the Company or the Operating Partnership which could reasonably result in its subsidiaries taken as a Material Adverse Effectwhole.