Ownership of Real Estate. Without the prior written consent of Agent, all Real Estate and all interests (whether direct or indirect) of REIT or the Borrower in any Real Estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by the Borrower or a Wholly Owned Subsidiary of the Borrower; provided, however that the Borrower shall be permitted to own or lease interests in Real Estate through non-Wholly Owned Subsidiaries and Unconsolidated Affiliates of Borrower as permitted by §8.3.
Ownership of Real Estate. Without the prior written consent of the Majority Banks, which consent may be withheld by the Majority Banks in their sole discretion, and notwithstanding any other provision of the Loan Documents, all interests (whether direct or indirect) of the Borrower or the Trust in real estate assets acquired after the date hereof shall be owned directly by the Borrower; provided, however, subject to the restrictions in §8.3, the Borrower shall be permitted to own Real Estate through Subsidiaries or Unconsolidated Affiliates.
Ownership of Real Estate. Without the prior written consent of the Required Lenders, all Real Estate and all interests (whether direct or indirect) of the Borrower or REIT in any real estate acquired or leased after the date hereof shall be owned or leased directly by the REIT, Borrower or a Wholly Owned Subsidiary of the Borrower or REIT; provided, however that the Borrower and REIT shall be permitted to own or lease interests in Real Estate through non-Wholly Owned Subsidiaries and Unconsolidated Entities as permitted by §8.3 and may dispose of such interests as permitted by §8.8.
Ownership of Real Estate. Without the prior written consent of Agent, all Real Estate and all interests (whether direct or indirect) of Parent Company in any real estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by a Wholly Owned Subsidiary of the Borrower; provided, however that (a) the Borrower shall be permitted to own or lease interests in Real Estate through non-Wholly Owned Subsidiaries and Unconsolidated Affiliates as permitted by §8.3 and (b) the Borrower and REIT shall be permitted to own or lease its corporate headquarters.
Ownership of Real Estate. Neither the Company nor any Subsidiary thereof is the owner of or has any ownership interest in any real property nor has the Company or any Subsidiary thereof entered into any agreement to acquire any such interest.
Ownership of Real Estate. Without the prior written consent of Agent, the Unencumbered Asset of any Subsidiary Borrower shall not be owned or leased in any manner other than directly by such Subsidiary Borrower.
Ownership of Real Estate. Without the prior written consent of the Administrative Agent, all Real Estate and all interests (whether direct or indirect) of the Borrower, Xxxx Realty OP, or Xxxx OP in any Real Estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by the Borrower, Xxxx Realty OP, or Xxxx OP or a Wholly Owned Subsidiary of the Borrower, Xxxx Realty OP, or Xxxx OP; provided, however that the Borrower shall be permitted to own or lease interests in Real Estate through non-Wholly Owned Subsidiaries and Unconsolidated Affiliates of Borrower as permitted by Section 7.4.
Ownership of Real Estate. Without the prior written consent of Agent, all Real Estate and all interests (whether direct or indirect) of any Subsidiary Guarantor in any real estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by such Subsidiary Guarantor.
Ownership of Real Estate. As of the date hereof, and at all times thereafter until the Loan has been paid in full, the Borrower will be the fee simple owner of the applicable portion of the Real Estate described in the Mortgage executed by the Borrower, free and clear of all liens, encumbrances, leases, management agreements, service agreements, rental agreements, occupancy agreements, claims and charges except as may be approved, in writing by Lender, except for the Permitted Liens and Encumbrances. Notwithstanding the above, Borrower shall be entitled to secure loans, leases, Capital Leases, and other similar financing instruments secured by a lien upon the Real Estate or the Secured Assets, so long as such lien is junior to the security interest held by Lender and such liens, in the aggregate, do not exceed $250,000.
Ownership of Real Estate. All interests (whether direct or indirect) of the Borrower, the General Partner, the Guarantor or their respective Subsidiaries or the Borrower's Investment Partnerships in income- producing real estate assets acquired after the date hereof shall be owned directly by the Borrower or, subject to the terms of Section 8.3(m), Investment Partnerships (other than interests in residential real estate developments held by the Residential Corporations and other than as specifically permitted in Section 8.14).
