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.
Appears in 4 contracts
Samples: Credit Agreement (QTS Realty Trust, Inc.), Assignment and Acceptance Agreement (QualityTech, LP), Term Loan Agreement (QualityTech, LP)
Ownership of Real Estate. Without the prior written consent of Agent, all Real Estate and all interests (whether direct or indirect) of Parent Company the Borrower, CVOP II, or from and after the Merger, CVOP I in any real estate Real Estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by the Borrower, CVOP II, or from and after the Merger, CVOP I or a Wholly Owned Subsidiary of the Borrower, CVOP II, or from and after the Merger, CVOP I; 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 of Borrower as permitted by §8.3 and (b) the Borrower and REIT shall be permitted to own or lease its corporate headquarters8.3.
Appears in 3 contracts
Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Term Loan Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)
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 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.
Appears in 3 contracts
Samples: Credit Agreement (QTS Realty Trust, Inc.), Credit Agreement (QTS Realty Trust, Inc.), Credit Agreement (QTS Realty Trust, Inc.)
