RELATIONSHIP OF THE BORROWER Sample Clauses

RELATIONSHIP OF THE BORROWER. The Credit Parties are engaged as an integrated group in the business of owning, developing operating and selling real estate. The Credit Parties require financing on such a basis that funds can be made available from time to time to such entities, to the extent required for the continued successful operation of their integrated operations. The Advances to be made to the Borrower under this Agreement are for the purpose of financing the integrated operations of the Credit Parties, and each of the Credit Parties expects to derive benefit, directly or indirectly, from the Advances, both individually and as a member of the integrated group, since the financial success of the operations of Borrower and each Guarantor is dependent upon the continued successful performance of the integrated group as a whole.
Sample 1Sample 2
AutoNDA by SimpleDocs
RELATIONSHIP OF THE BORROWER. The Credit Parties are engaged as an integrated group in the business of owning, developing operating and selling real estate. The Credit Parties require financing on such a basis that funds can be made available from time to time to such entities, to the extent required for the continued successful operation of their integrated operations. The Advances to be made to the Borrower under this Agreement are for the purpose of financing the integrated operations of the Credit Parties, and each of the Credit Parties expects to derive benefit, directly or indirectly, from the Advances, both individually and as a member of the integrated group, since the
Sample 1
RELATIONSHIP OF THE BORROWER. The entities comprising the Borrower and the Subsidiary Guarantors are engaged as an integrated group in the business of owning, developing and selling Real Estate and of providing the required services, credit and other facilities for those integrated operations. The Borrower and the Subsidiary Guarantors require financing on such a basis that funds can be made available from time to time to such entities, to the extent required for the continued successful operation of their integrated operations. The Advances to be made to the Borrower and the Facility Letters of Credit to be issued for the account of the Borrower under this Agreement are for the purpose of financing the integrated operations of the Borrower and the Subsidiary Guarantors, and each of the entities comprising the Borrower and the Subsidiary Guarantors expects to derive benefit, directly or indirectly, from the Advances and Facility Letters of Credit, both individually and as a member of the integrated group, since the financial success of the operations of each Borrower and the Subsidiary Guarantors is dependent upon the continued successful performance of the integrated group as a whole.
Sample 1
RELATIONSHIP OF THE BORROWER. The entities comprising the Borrower and the Subsidiary Guarantors are engaged as an integrated group in the business of owning, developing and selling Real Estate and of providing the required services, credit and other facilities for those integrated operations. The Borrower and the Subsidiary Guarantors require financing on such a basis that funds can be made available from time to time to such entities, to the extent required for the continued successful operation of their integrated operations. The Facility B Advances to be made to the Borrower under this Agreement are for the purpose of financing the integrated operations of the Borrower and the Subsidiary Guarantors, and each of the entities comprising the Borrower and the Subsidiary Guarantors expects to derive benefit, directly or indirectly, from the Facility B Advances, both individually and as a member of the integrated group, since the financial success of the operations of each Borrower and the Subsidiary Guarantors is dependent upon the continued successful performance of the integrated group as a whole.
Sample 1
RELATIONSHIP OF THE BORROWER. 39 6.28 NO SIDE DEALS. . . . . . . . . . . . . . . . . . . . . . . . . . . .39 6.29 YEAR 2000 COMPLIANCE . . . . . . . . . . . . . . . . . . . . . . . .39
Sample 1
RELATIONSHIP OF THE BORROWER. 73 6.28 No Side Deals.........................................................................................74
Sample 1
RELATIONSHIP OF THE BORROWER. The entities comprising the Borrower are engaged as an integrated group in the business of owning, developing and selling Real Estate, Lots and Residential Units and of providing the required services, credit and other facilities for those integrated operations. The Borrower requires financing on such a basis that funds can be made available from time to time to such entities, to the extent required for the continued successful operation of their integrated operations. The Advances to be made to the Borrower under this Agreement are for the purpose of financing the integrated operations of the Borrower, and each of the entities comprising the Borrower expects to derive benefit, directly or indirectly, from the Advances, both individually and as a member of the integrated group, since the financial success of the operations of each Borrower is dependent upon the continued successful performance of the integrated group as a whole.
Sample 1
AutoNDA by SimpleDocs
RELATIONSHIP OF THE BORROWER. The entities comprising the Borrower are engaged as an integrated group in the business of owning, developing and selling Real Estate and of providing the required services, credit and other facilities for those integrated operations. The Borrower requires financing on such a basis that funds can be made available from time to time to such entities, to the extent required for the continued successful operation of their integrated operations. The Advances to be made to the Borrower under this Agreement are for the purpose of financing the integrated operations of the Borrower, and each of the entities comprising the Borrower expects to derive benefit, directly or indirectly, from the Advances, both individually and as a member of the integrated group, since the financial success of the operations of each Borrower is dependent upon the continued successful performance of the integrated group as a whole.
Sample 1
RELATIONSHIP OF THE BORROWER. The Borrower and its Subsidiaries are engaged as an integrated group in the business of owning, developing and selling real estate, of providing the required services, credit and other facilities for those integrated operations and of making other types of investments permitted herein. The Credit Parties require financing on such a basis that funds can be made available from time to time to such entities, to the extent required for the continued successful operation of their integrated operations. The Advances to be made to the Borrower and the Facility Letters of Credit to be issued for the account of the Borrower under this Agreement are for the purpose of financing the integrated operations of the Credit Parties, and each of the Credit Parties expects to derive benefit, directly or indirectly, from the Advances and Facility Letters of Credit, both individually and as a member of the integrated group, since the financial success of the operations of each Borrower and Guarantor is dependent upon the continued successful performance of the integrated group as a whole.
Sample 1

Related to RELATIONSHIP OF THE BORROWER

  • Relationship of Borrower and Lender The relationship between Borrower and Lender is solely that of debtor and creditor, and Lender has no fiduciary or other special relationship with Borrower, and no term or condition of any of the Loan Agreement, the Note, this Security Instrument and the other Loan Documents shall be construed so as to deem the relationship between Borrower and Lender to be other than that of debtor and creditor.

  • Relationship of the Parties The relationship between the parties is that of independent contractors. Nothing contained in this Agreement shall be construed as creating any agency, partnership, joint venture or other form of joint enterprise, employment or fiduciary relationship between the parties, and neither party shall have authority to contract for or bind the other party in any manner whatsoever.

  • Ownership of the Borrower One hundred percent (100%) of the outstanding equity interests of the Borrower is and will be directly owned (both beneficially and of record) by the Equityholder. All such equity interests are and will be validly issued, and there are no options, warrants or other rights to acquire shares or other equity rights in the Borrower.

  • Relationship of Lenders The Credit Documents do not create a partnership or joint venture among Administrative Agent and Lenders or among Lenders.

  • Relationship of Parties Nothing herein contained shall be deemed or construed to create a partnership or joint venture between the parties hereto and the services of the Company shall be rendered as an independent contractor and not as agent for the Purchaser.

  • Relationship with Lenders The obligations of each Lender hereunder are several, and no Lender shall be responsible for the obligations or Commitments of any other Lender. Amounts payable hereunder to each Lender shall be a separate and independent debt. It shall not be necessary for Agent or any other Lender to be joined as an additional party in any proceeding for such purposes. Nothing in this Agreement and no action of Agent, Lenders or any other Secured Party pursuant to the Loan Documents or otherwise shall be deemed to constitute Agent and any Secured Party to be a partnership, joint venture or similar arrangement, nor to constitute control of any Obligor.

  • Ownership of the Obligors An Obligor (other than the Company) is not or ceases to be a Subsidiary of the Company.

  • Relationship of Advisor and Company The Company and the Advisor are not partners or joint venturers with each other, and nothing in this Agreement shall be construed to make them such partners or joint venturers or impose any liability as such on either of them.

  • Ownership of the Company At all times while this Parent Guarantee Agreement is in effect and while any of the obligations of the Parent Guarantor hereunder remain outstanding, one hundred percent (100%) of the outstanding capital stock of the Company shall be owned by the Parent Guarantor.

  • Ownership of Borrower Schedule 5.3 sets forth the direct and indirect owners of Borrower (but not any owners, direct or indirect, of KBS REIT) and the owners’ respective ownership percentages therein, and there are no other ownership interests outstanding. Except as set forth or referred to in the organizational documents of Borrower, no ownership interest (or any securities, instruments, warrants, option or purchase rights, conversion or exchange rights, calls, commitments or claims of any character convertible into or exercisable for any ownership interest) of any such Person is subject to issuance under any security, instrument, warrant, option or purchase rights, conversion or exchange rights, call, commitment or claim of any right, title or interest therein or thereto. All of the ownership interests in Borrower have been issued in compliance with all applicable Requirements of Law.

Time is Money Join Law Insider Premium to draft better contracts faster.