Sovran definition

Sovran. As defined in the preamble hereto.
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Sovran means Sovran Self Storage, Inc., a Maryland corporation.
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Sovran means Sovran Self Storage, Inc. and its affiliates.
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Examples of Sovran in a sentence

  • Sovran shall do or cause to be done all things necessary to preserve and keep in full force all of its rights and franchises and those of its Subsidiaries.

  • Sovran shall at all times maintain its listing on the New York Stock Exchange.

  • Sovran shall conduct all or substantially all of its business operations through SALP, and shall not own real estate assets outside of its interests in SALP.

  • Holdings shall at all times be a wholly-owned Subsidiary of Sovran and the sole general partner of SALP and shall be the owner of at least 1% of the outstanding partnership interests in SALP.

  • Sovran will continue to operate as a fully-integrated, self-administered and self-managed real estate investment trust which, together with its Subsidiaries (including, without limitation SALP) owns and operates an improved property portfolio comprised exclusively of self-storage facilities.

  • Sovran will at all times maintain its status as a REIT and not to take any action which could lead to its disqualification as a REIT.

  • Sovran will do or cause to be done all things necessary to preserve and keep in full force and effect its existence as a Maryland corporation.

  • Neither any Borrower nor any Guarantor has pledged or granted any lien on or security interest in or otherwise encumbered or transferred any of their respective interests in any Subsidiary (including in the case of Sovran, its interests in SALP, and in the case of any Borrower, its interests in the Operating Subsidiaries) or in any Partially-Owned Entity.

  • This Agreement shall not be construed against Sovran despite the fact that its counsel may have prepared it.

  • SELLER shall have performed all of SELLER’s obligations and agreements hereunder and under the Sovran Lease, and shall have complied with all of SELLER’s covenants hereunder and under the Sovran Lease.


More Definitions of Sovran

Sovran. As defined in the preamble hereto. Sovran Treasury Stock. Sovran capital stock repurchased and held by Sovran as treasury stock.
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Sovran means Sovran Financial Corporation, a corporation organized and existing under the laws of the Commonwealth of Virginia and registered as a bank holding company under the BHC Act.
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Related to Sovran

  • General partnership means an organization formed by two or more persons under chapters 45-13 through 45-21.

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.

  • Partnership has the meaning set forth in the preamble of this Agreement.

  • QUALIFIED MUNICIPAL CORPORATION means a municipal corporation that, by resolution or ordinance adopted on or before December 31, 2011, adopted Ohio adjusted gross income, as defined by section 5747.01 of the Ohio Revised Code, as the income subject to tax for the purposes of imposing a municipal income tax.

  • REIT means a “real estate investment trust” under Sections 856 through 860 of the Code.