Common use of Operations Agreements Clause in Contracts

Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower nor, to the best of Borrower’s knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder.

Appears in 8 contracts

Samples: Loan Agreement (FTE Networks, Inc.), Loan Agreement (FTE Networks, Inc.), Loan Agreement (FTE Networks, Inc.)

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Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower nor, to the best of Borrower’s knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder.

Appears in 3 contracts

Samples: Loan Agreement (Medalist Diversified REIT, Inc.), Loan Agreement (Condor Hospitality Trust, Inc.), Loan Agreement

Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower nor, to the best of Borrower’s knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder. Except as described herein, the REA has not been modified, amended or supplemented.

Appears in 2 contracts

Samples: Loan Agreement (Strategic Hotels & Resorts, Inc), Loan Agreement (Carter Validus Mission Critical REIT, Inc.)

Operations Agreements. Each Operations Agreement is in full force and effect and neither no Borrower noror, to the best of Borrower’s Borrowers’ knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s Borrowers’ knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder. Except as described herein, the REA has not been modified, amended or supplemented.

Appears in 2 contracts

Samples: Loan Agreement (Generation Income Properties, Inc.), Loan Agreement (Generation Income Properties, Inc.)

Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower nor, to the best of Borrower’s knowledgeKnowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s knowledgeKnowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder.

Appears in 2 contracts

Samples: Loan Agreement (New York REIT, Inc.), Loan Agreement (City Office REIT, Inc.)

Operations Agreements. (a) Each Operations Agreement is in full force and effect and neither Borrower nor, to the best of Borrower’s knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder. Except as described herein, none of the REAs and/or the PILOT Documents has been modified, amended or supplemented.

Appears in 2 contracts

Samples: Loan Agreement (NOVONIX LTD), Loan Agreement (NOVONIX LTD)

Operations Agreements. Each Operations Agreement is in full force and effect and neither Mortgage Borrower nor, to the best of Borrower’s knowledgeKnowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s knowledgeKnowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder.

Appears in 2 contracts

Samples: First Mezzanine Loan Agreement (Clipper Realty Inc.), Second Mezzanine Loan Agreement (Clipper Realty Inc.)

Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower nor, to the best of Borrower’s 's knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s 's knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder. Except as described herein, the REA has not been modified, amended or supplemented.

Appears in 2 contracts

Samples: Loan Agreement (Medalist Diversified REIT, Inc.), Loan Agreement (Medalist Diversified REIT, Inc.)

Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower, Senior Borrower nor, to the best of Borrower’s knowledge, any other party to any such Operations Agreement, is in default thereunderthereunder which is reasonably expected to result in a Material Adverse Effect, and to the best of Borrower’s knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunderthereunder which is reasonably expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower nor, to the best of BorrowerXxxxxxxx’s knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder.

Appears in 1 contract

Samples: Loan Agreement

Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower or Operating Lessee nor, to the best of Borrower’s knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s actual knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder.

Appears in 1 contract

Samples: Loan Agreement (Ashford Hospitality Prime, Inc.)

Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower nor Owner nor, to the best of Borrower’s knowledge, any other party to any such Operations Agreement, is in material default thereunder, and to the best of Borrower’s knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a material default thereunder. Except as described herein, the REA has not been modified, amended or supplemented.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (OVERSTOCK.COM, Inc)

Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower nor, to the best of Borrower’s 's knowledge, any other party to any such Operations Agreement, is in default in any material respect thereunder, and to the best of Borrower’s 's knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default in any material respect thereunder.

Appears in 1 contract

Samples: Loan Agreement (Bluerock Residential Growth REIT, Inc.)

Operations Agreements. Each Operations Agreement is in full force and effect and neither no Borrower nor, to the best of Borrower’s Borrowers' knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s Borrowers' knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder. To Borrowers' knowledge, the REA has not been modified, amended or supplemented except as described herein.

Appears in 1 contract

Samples: Loan Agreement (Parking REIT, Inc.)

Operations Agreements. Each Operations Agreement is in full force and effect and neither any Borrower nor, to the best of Borrower’s Borrowers’ knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s Borrowers’ knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder.

Appears in 1 contract

Samples: Loan Agreement (American Realty Capital New York City REIT, Inc.)

Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower, any Individual Borrower nor, to the best of Borrower’s knowledge, any other party to any such Operations Agreement, is in default thereunderthereunder which is reasonably expected to result in a Material Adverse Effect, and to the best of Borrower’s knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunderthereunder which is reasonably expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

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Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower nor, to the best of Borrower’s knowledgeKnowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s knowledgeKnowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder.

Appears in 1 contract

Samples: Loan Agreement (Clipper Realty Inc.)

Operations Agreements. Each As of the date hereof, each Operations Agreement is in full force and effect and neither no Borrower nor, to the best of Borrower’s Borrowers’ knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s Borrowers’ knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder.

Appears in 1 contract

Samples: Loan Agreement (Pacific Office Properties Trust, Inc.)

Operations Agreements. Each Operations Agreement is in full force and effect and neither any Borrower nor, to the best of Borrower’s Borrowers’ knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s Borrowers’ knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder.

Appears in 1 contract

Samples: Loan Agreement (GTJ Reit, Inc.)

Operations Agreements. Each Operations Agreement is in full force and effect and neither no Borrower noror Operating Lessee or, to the best of Borrower’s Borrowers’ and Operating Lessees’ knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s Borrowers’ and Operating Lessees’ knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder. Except as described herein, the REA has not been modified, amended or supplemented.

Appears in 1 contract

Samples: Loan Agreement (American Realty Capital Hospitality Trust, Inc.)

Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower Owner nor, to the best of Borrower’s knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder.thereunder.‌

Appears in 1 contract

Samples: Mezzanine Loan Agreement

Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower Owner nor, to the best of Borrower’s knowledgeKnowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s knowledgeKnowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (New York REIT, Inc.)

Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower nor, to the best of Borrower’s knowledge, any other party to any such Operations Agreement, is in material default thereunder, and to the best of Borrower’s knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a material default thereunder. Except as described herein, the REA has not been modified, amended or supplemented.

Appears in 1 contract

Samples: Loan Agreement (OVERSTOCK.COM, Inc)

Operations Agreements. Each Operations Agreement is in full force and effect and neither Borrower nor, to the best of Borrower’s knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder.

Appears in 1 contract

Samples: Loan Agreement (Assisted 4 Living, Inc.)

Operations Agreements. Each Operations Agreement is in full force and effect and neither any Borrower nor, to the best of Borrower’s Borrowers’ knowledge, any other party to any such Operations Agreement, is in default thereunder, and to the best of Borrower’s Borrowers’ knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder. Except as described herein, the REA has not been modified, amended or supplemented.

Appears in 1 contract

Samples: Loan Agreement (American Finance Trust, Inc)

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