New Entities. Borrower owns no equity interests in any partnership, limited liability company, corporations or other entity. Until Lender’s obligations hereunder have terminated and the Debt is paid in full, Borrower agrees that it shall not create, organize or acquire any interest in any limited partnership, limited liability company, corporation or other entity (collectively, a “New Entity”) without complying with each of the following requirements:
Appears in 4 contracts
Samples: Construction Loan Agreement (United Development Funding IV), Construction Loan Agreement (United Development Funding IV), Construction Loan Agreement (United Development Funding IV)
