Property as Single Asset. That (i) Xxxxxxxx’s only asset is the Property, and (ii) the Property generates substantially all of the gross income of Borrower and there is no substantial business being conducted by Borrower other than the business of owning and operating the Property and the activities incidental thereto.
Appears in 4 contracts
Samples: And Consolidated Mortgage and Security Agreement (Mack Cali Realty Corp), And Consolidated Mortgage and Security Agreement (Mack Cali Realty L P), And Consolidated Mortgage and Security Agreement (Mack Cali Realty Corp)
Property as Single Asset. That (i) XxxxxxxxBorrower’s only asset is the Property, and (ii) the Property generates substantially all of the gross income of Borrower and there is no substantial business being conducted by Borrower other than the business of owning and operating the Property and the activities incidental thereto.
Appears in 3 contracts
Samples: Security Agreement and Fixture Filing, Security Agreement (250 West 57th St Associates L.L.C.), Agreement (60 East 42nd Street Associates L.L.C.)
Property as Single Asset. That (ia) XxxxxxxxBorrower’s only asset is the Property, and (iib) the Property generates substantially all of the gross income of Borrower and there is no substantial business being conducted by Borrower other than the business of owning and operating the Property and the activities incidental thereto.
Appears in 2 contracts
Samples: Loan Agreement (Piedmont Office Realty Trust, Inc.), Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)
Property as Single Asset. That (i) XxxxxxxxBorrower’s only asset is the Property, and (ii) the Property generates substantially all of the gross income of Borrower and there is no substantial business being conducted by Borrower other than the business of owning and operating the Property and the activities incidental thereto.
Appears in 2 contracts
Samples: And Consolidated Mortgage and Security Agreement (Mack Cali Realty Corp), And Consolidated Mortgage and Security Agreement (Mack Cali Realty Corp)
Property as Single Asset. That (i) XxxxxxxxBorrower’s only asset is the Property, and (ii) the Property generates substantially all of the gross income of Borrower and there is no substantial business being conducted by Borrower other than the business of owning and operating the Property and the activities incidental thereto.”
Appears in 1 contract
Samples: Mortgage and Security Agreement (250 West 57th St Associates L.L.C.)
Property as Single Asset. That (i) Xxxxxxxx’s only asset is the Property, and (ii) the Property generates substantially all of the gross income of Borrower and there is no substantial business being conducted by Borrower other than the business of owning and operating the Property and the activities incidental thereto.
Appears in 1 contract
Samples: Trust, Security Agreement and Fixture Filing (Saul Centers Inc)
