Common use of Property Document Representations Clause in Contracts

Property Document Representations. With respect to each Property Document (other than the Ground Lease), Borrower hereby represents that (a) each Property Document is in full force and effect and has not been amended, restated, replaced or otherwise modified (except, in each case, as expressly set forth herein), (b) to Borrower’s knowledge, there are no defaults under any Property Document by any party thereto and no event has occurred which, but for the passage of time, the giving of notice, or both, would constitute a default under any Property Document, (c) all rents, additional rents and other sums due and payable under the Property Documents have been paid in full, (d) to Borrower’s knowledge, no party to any Property Document has commenced any action or given or received any notice for the purpose of terminating any Property Document, and (e) to Borrower’s knowledge, the representations made in any estoppel or similar document delivered with respect to any Property Document in connection with the Loan are true, complete and correct and the representations are hereby incorporated by reference as if fully set forth herein.

Appears in 2 contracts

Samples: Mezzanine B Loan Agreement (Morgans Hotel Group Co.), Mezzanine a Loan Agreement (Morgans Hotel Group Co.)

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Property Document Representations. With respect to each Property Document (other than the Ground Lease)Document, Borrower hereby represents that (a) each Property Document is in full force and effect and has not been amended, restated, replaced or otherwise modified (except, in each case, as expressly set forth herein), (b) to Borrower’s knowledge, there are no defaults under any Property Document by Borrower or, to Borrower’s knowledge, any other party thereto and and, to Borrower’s knowledge, no event has occurred which, but for the passage of time, the giving of notice, or both, would constitute a default under any Property Document, (c) all rents, additional rents and other sums due and payable under the Property Documents have been paid in fullfull in accordance with the applicable terms and conditions of the Property Documents, (d) to Borrower’s knowledge, no party to any Property Document has commenced any action or given or received any notice for the purpose of terminating any Property Document, Document and (e) to Borrower’s knowledge, the representations made in any estoppel or similar document delivered with respect to any Property Document in connection with the Loan are are, to Borrower’s knowledge, true, complete and correct and the representations are hereby incorporated by reference as if fully set forth herein.

Appears in 1 contract

Samples: Loan Agreement (Lightstone Value Plus Real Estate Investment Trust III, Inc.)

Property Document Representations. With respect to each Property Document (other than the Ground Lease)Document, Borrower hereby represents that (a) each Property Document is in full force and effect and has not been amended, restated, replaced or otherwise modified (except, in each case, as expressly set forth herein), (b) to the knowledge of Borrower’s knowledge, there are no defaults under any Property Document by any party thereto and and, to Borrower’s knowledge, no event has occurred which, but for the passage of time, the giving of notice, or both, would constitute a default under any Property Document, (c) all rents, additional rents and other sums due and payable under the each Property Documents Document, if any, have been paid in full, (d) to the knowledge of Borrower’s knowledge, no party to any Property Document has commenced any action or given or received any notice for the purpose of terminating any Property Document, and (e) to the knowledge of Borrower’s knowledge, the representations made in any estoppel or similar document delivered with respect to any Property Document in connection with the Loan are true, complete and correct and the representations are hereby incorporated by reference as if fully set forth herein.

Appears in 1 contract

Samples: Loan Agreement (Chesapeake Lodging Trust)

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Property Document Representations. With respect to each Property Document (other than the Ground Lease)Document, Borrower hereby represents that that, to its knowledge, (a) each Property Document is in full force and effect and has not been amended, restated, replaced or otherwise modified (except, in each case, as expressly set forth herein), (b) to Borrower’s knowledge, there are no defaults under any Property Document by any party thereto and and, to Borrower’s knowledge, no event has occurred which, but for the passage of time, the giving of notice, or both, would constitute a default under any Property Document, (c) all rents, additional rents and other sums due and payable under the Property Documents have been paid in full, (d) to Borrower’s knowledge, no party to any Property Document has commenced any action or given or received any notice for the purpose of terminating any Property Document, and (e) to Borrower’s knowledge, the representations made in any estoppel or similar document delivered with respect to any Property Document in connection with the Loan are true, complete and correct in all material respects and the representations are hereby incorporated by reference as if fully set forth herein.

Appears in 1 contract

Samples: Loan Agreement (Strategic Storage Trust, Inc.)

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