Common use of Restrictions on Acquisitions Clause in Contracts

Restrictions on Acquisitions. The Borrower shall, and shall cause each of its Subsidiaries to, exercise due diligence in connection with the acquisition of Real Estate or other assets and shall not knowingly acquire any Real Estate or other assets which has any material title, survey, environmental, structural or other defects that would give rise to a materially adverse effect as to the value, use of or ability to sell or refinance such property or the business or affairs of the Borrower or its Subsidiaries.

Appears in 3 contracts

Sources: Revolving Credit Agreement (Meridian Industrial Trust Inc), Revolving Credit Agreement (Meridian Industrial Trust Inc), Revolving Credit Agreement (Meridian Industrial Trust Inc)