Common use of Special Purpose Entity/Separateness Clause in Contracts

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the (i) Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one PersonEntity and (ii) Principal is, each such Person shall be and shall continue to be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the (i) Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person and (ii) Principal is, shall be and shall continue to be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the (i) Borrower ishas been since its formation, is now, and shall continue to be a Special Purpose Entity and (ii) Principal (if any) has been since its formation, is now, and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the (i) Borrower ishas been since its formation, is now, and shall continue to be a Special Purpose Entity and (ii) Principal (if applicable) has been since its formation, is now, and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Total Debt has been paid in full, Borrower hereby represents, warrants and covenants covenants, that the Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, each Individual Borrower hereby represents, warrants and covenants that the Borrower is(i) it has been since its formation, is now, and shall continue to be a Special Purpose Entity and (ii) each Principal (if any) has been since its formation, is now, and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, each Borrower hereby represents, warrants and covenants that the (i) such Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person and (ii) its Principal is, shall be and shall continue to be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, each Borrower hereby represents, warrants and covenants that the each Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the (i) Borrower is, shall be and shall continue to be a Special Purpose Entity. If , (ii) Mortgage Borrower consists of more than one Personis, each such Person shall be and shall continue to be a Special Purpose Entity, and (iii) Principal is, shall be and shall continue to be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that (i) each of Owner and Operating Tenant is, shall be and shall continue to be a Special Purpose Entity and (ii) Principal that is the Borrower general partner or managing member of each of Owner and Operating Tenant, if any, is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the (i) each Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one PersonEntity and (ii) Principal is, each such Person shall be and shall continue to be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, each Borrower hereby represents, warrants and covenants that the (i) such Borrower is, is and shall be and shall continue to be a Special Purpose Entity. If , and (ii) the corresponding Mortgage Borrower consists of more than one Person, each such Person is and shall continue to be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, each Borrower hereby represents, warrants and covenants that the Borrower each Borrower, and each Principal is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, each Borrower hereby represents, warrants and covenants that the Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the each Individual Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the (i) Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person and (ii) any Principal is, shall be and shall continue to be a Special Purpose EntityEntity (it being acknowledged that, as of the Closing Date, there is no Principal).

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the (i) each Individual Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, (ii) each such Person Operating Lessee is, shall be and shall continue to be a Special Purpose Entity and (iii) Principal is, shall be and shall continue to be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the (i) Borrower ishas at all times since its formation been, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one PersonEntity and (ii) Principal has at all times since its formation been, each such Person shall be and shall continue to be a Special Purpose Entity (Lender acknowledges that the single purpose provisions contained in the organizational documents of Borrower and Principal satisfy the requirements of a Special Purpose Entity).

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, each Individual Borrower hereby represents, warrants and covenants that the (i) each Individual Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one PersonEntity and (ii) Principal is, each such Person shall be and shall continue to be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, or with respect to an Individual Borrower, the earlier release of the liens of the Pledge Agreement on all Collateral owned by such Individual Borrower, each Individual Borrower hereby represents, warrants and covenants that the (i) Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person and (ii) Xxxxxx Cushion Entity is, shall be and shall continue to be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full and the obligations under the Subordinate Mortgage Loan have been paid in full, each Borrower hereby represents, warrants and covenants that the such Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the each of Borrower and any Special Purpose Equityholder is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity (provided any representations and warranties as to a Borrower shall be deemed made by each Borrower as to its Borrowing entity only). Lender acknowledges that the single purpose provisions contained in the organizational documents of Borrower meets the definition of “Special Purpose Entity” as set forth herein.

Special Purpose Entity/Separateness. (a) Until the Debt Loan has been paid in full, each Borrower hereby represents, warrants and covenants that the each Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, each of Owner and Borrower hereby represents, warrants and covenants that the each of Owner and Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the (i) Borrower is, shall be and shall continue to be a Special Purpose Entity. If Entity and (ii) each of Mortgage Borrower consists of more than one Personand Principal is, each such Person shall be and shall continue to be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until Since Borrower’s formation and until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the Borrower has been, is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the Borrower is, shall be and shall continue to be a Special Purpose Entity. If Lender acknowledges that the single purpose provisions contained in the operating agreement of the Borrower consists as of more than one Person, each such Person shall be the date hereof satisfy the requirements of a Special Single Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the (i) Borrower is, shall be and shall continue to be a Special Purpose Entity. If , (ii) Mortgage Borrower consists of more than one Personis, each such Person shall be and shall continue to be a Special Purpose Entity, (iii) General Partner is, shall be and shall continue to be a Special Purpose Entity, and (iv) Principal is, shall be and shall continue to be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.shall

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the Borrower is, has been since the date of its formation, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, each Individual Borrower hereby represents, warrants and covenants that the such Individual Borrower is, shall be and shall continue to be a Special Purpose Entity. If an Individual Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the Borrower Borrower, and any Principal is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (ai) Until all of the Debt has Obligations have been paid in full, the Borrower hereby represents, warrants and covenants that the Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entityseparate from the Seller.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the (i) Borrower has been, is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person and (ii) the Principal is, shall be and shall continue to be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, each Borrower hereby represents, warrants and covenants that the such Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower Borrowers hereby representsrepresent, warrants warrant and covenants covenant that the each Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the each Borrower is, shall be is and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the (i) Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person and (ii) any Principal is, shall be and shall continue to be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the each of Borrower and Principal is, shall be and shall continue to be a Special Purpose Entity. If Notwithstanding anything to the contrary contained herein, it is understood and agreed that in no event shall any direct or indirect member, partner or other interest-holder in Borrower consists of more than one Personor Principal be required to make any additional capital contributions or loans or otherwise provide funds to Borrower or Principal for any reason, each such Person shall including in order for it to be a “Special Purpose Entity” hereunder.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the (i) Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person and (ii) any Principal shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the Borrower is, shall be and shall continue to be a Special Purpose Entity. If IF Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.

Special Purpose Entity/Separateness. (a) Until After the Conversion and until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the Borrower is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be Entity on a Special Purpose Entityprospective basis.

Special Purpose Entity/Separateness. (a) Until the Debt has been paid in full, Borrower hereby represents, warrants and covenants that the Borrower each of Borrower, Operating Lessee and Operating Lessee Pledgor is, shall be and shall continue to be a Special Purpose Entity. If Borrower consists of more than one Person, each such Person shall be a Special Purpose Entity.