Common use of Special Purpose Entities Clause in Contracts

Special Purpose Entities. Other than the ownership, leasing, financing, management and operation of the respective Parcels (and other single family residential properties have previously been sold or conveyed by the applicable Acquired Companies, if any) by the applicable Acquired Companies, no Acquired Company (x) has owned, developed, leased, managed or operated any asset or property, (y) has engaged in any business, or (z) has any existing liabilities except those arising from or through such ownership, financing, leasing, management and operation.

Special Purpose Entities. Other than the ownership, ownership of the membership interests in the Fee Owner or the leasing, financing, management and operation operation, directly or indirectly, of the respective Parcels (owned thereby and other single family residential properties that have previously been sold or conveyed by the applicable Acquired CompaniesFee Owner, if any) by the applicable Acquired Companies, no Acquired Company owned by such Seller (x) has not owned, developed, leased, managed or operated any asset or property, (y) has not engaged in any business, or (z) has any no existing liabilities except those arising from or through such ownership, financing, leasing, management and operation.

Special Purpose Entities. Other than the ownership, leasing, financing, management and operation of the respective Parcels (and other single family residential properties that have previously been sold or conveyed by the applicable Acquired Companies, if any) any by the applicable Acquired Companies, no Acquired Company (x) has owned, developed, leased, managed or operated any asset or property, (y) has engaged in any business, or (z) has any existing liabilities except those arising from or through such ownership, financing, leasing, management and operation.