Common use of Special Purpose Entity Status Clause in Contracts

Special Purpose Entity Status. Borrower and Operating Lessee hereby represents, warrants and covenants to Lender, with regard to Borrower or Operating Lessee, as applicable, the following:

Appears in 2 contracts

Sources: Loan Agreement (Strategic Hotels & Resorts, Inc), Loan Agreement (Strategic Hotels & Resorts, Inc)

Special Purpose Entity Status. Each of Borrower and Operating Lessee hereby represents, warrants and covenants to Lender, with regard to Borrower or and Operating Lessee, as applicable, the followingfollows:

Appears in 2 contracts

Sources: Loan Agreement (KBS Strategic Opportunity REIT II, Inc.), Loan Agreement (KBS Strategic Opportunity REIT II, Inc.)

Special Purpose Entity Status. Borrower and Operating Lessee hereby represents, warrants and covenants to LenderAdministrative Agent and Lenders, with regard to Borrower or and Operating Lessee, as applicable, the following:

Appears in 1 contract

Sources: Loan Agreement (Chesapeake Lodging Trust)

Special Purpose Entity Status. Each Borrower and Operating Lessee hereby represents, warrants and covenants to Lender, with regard to such Borrower or Operating Lessee, as applicable, the following:

Appears in 1 contract

Sources: Loan Agreement (Chesapeake Lodging Trust)