Common use of Single Purpose Clause in Contracts

Single Purpose. (x) Each Borrower hereby represents and warrants to, and covenants with, Lender that, as of the date hereof, at all times prior hereto and until such time as the Debt shall be paid in full or its property is no longer subject to the Lien securing the Debt:

Appears in 2 contracts

Samples: Second Mezzanine Loan Agreement (Strategic Hotel Capital Inc), First Mezzanine Loan Agreement (Strategic Hotel Capital Inc)

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Single Purpose. (x) Each Borrower hereby represents and warrants to, and -------------- covenants with, Lender that, that as of the date hereof, at all times prior hereto hereof and until such time as the Debt shall be paid in full or its property is no longer subject to the Lien securing the Debtfull:

Appears in 2 contracts

Samples: Loan Agreement (Prentiss Properties Trust/Md), Loan Agreement (Prentiss Properties Trust/Md)

Single Purpose. (x) Each Borrower hereby represents and warrants to, and covenants with, Lender that, as since its date of the date hereof, at all times prior hereto formation and continuing until such time as the Debt shall be paid in full or its property is no longer subject to the Lien securing the Debt:

Appears in 1 contract

Samples: Loan Agreement (Colony Resorts LVH Acquisitions LLC)

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Single Purpose. (x) Each Borrower hereby represents and warrants to, and covenants with, Lender that, as of the date hereof, at all times prior hereto hereof and until such time as the Debt shall be paid in full or its property is no longer subject to the Lien securing the Debt:

Appears in 1 contract

Samples: Loan Agreement (Colony Resorts LVH Acquisitions LLC)

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