Common use of Single-Purpose Status Clause in Contracts

Single-Purpose Status. Except as otherwise expressly approved by Xxxxxx Mae in writing, Borrower is a Single-Purpose entity and does not own any real property or assets other than the Mortgaged Properties and does not operate any business other than the management and operation of the Mortgaged Properties.

Single-Purpose Status. Except as otherwise expressly approved by Xxxxxx Mae in writing, the Borrower is a Single-Purpose entity and does not own any real property or assets other than the Mortgaged Properties and does not operate any business other than the management and operation of the Mortgaged Properties.

Single-Purpose Status. Except as otherwise expressly approved by Xxxxxx Mae Lender in writing, each Borrower is a Single-Purpose entity and does not own any real property or assets other than the Mortgaged Properties and does not operate any business other than the management and operation of the Mortgaged Properties.

Single-Purpose Status. Except as otherwise expressly approved by Xxxxxx Mae Xxx in writing, each Borrower is a Single-Purpose entity and each does not own any real property or assets other than the Mortgaged Properties and each does not operate any business other than the management and operation of the Mortgaged PropertiesProperties which it owns.