Assets of Borrower Sample Clauses
The 'Assets of Borrower' clause defines what constitutes the assets owned or controlled by the borrower under the agreement. Typically, this clause outlines the types of property, rights, or interests that are included as assets, such as cash, inventory, equipment, intellectual property, or real estate. It may also specify any exclusions or limitations, ensuring clarity about what the lender can claim or consider in the event of default or for collateral purposes. The core function of this clause is to clearly delineate the scope of the borrower's assets, thereby reducing ambiguity and potential disputes regarding what is covered under the agreement.
Assets of Borrower. The Borrower has no assets other than the shares in each Guarantor and such other assets as are necessary or incidental to its establishment and operations.
Assets of Borrower. The only business of Borrower shall be the Business.
Assets of Borrower. The only assets of Borrower are the Project, the remainder of the Property, the Leases and cash or cash equivalents and incidental personal property of the Project necessary for the operation of the Project.
Assets of Borrower. The Borrower (a) does not own, beneficially or of record, any assets other than (i) equity interests in its Subsidiaries and Excluded Subsidiaries, and (ii) such other assets as are de minimis with respect to the consolidating balance sheet of the Borrower on a stand-alone basis, and (b) does not conduct business, operations or generate any revenue except (i) such revenue received as distributions on Capital Stock of its Subsidiaries and Excluded Subsidiaries and (ii) such other revenue as is de minimis with respect to the consolidating income statement of the Borrower on a stand-alone basis.
Assets of Borrower. The only assets of Borrower are the Properties and cash or cash equivalents and incidental personal property necessary for the operation of the Properties.
Assets of Borrower. 63 ARTICLE V
Assets of Borrower. The payment and performance of the Note and all of the other Obligations hereunder and under the Loan Documents shall be secured by a first and superior lien against all of the assets of Borrower pursuant to the terms of a security agreement (the “Security Agreement”), which shall be in form and substance satisfactory to Lender, together with a landlord subordination agreement signed by the landlord of each leased location of Borrower.
Assets of Borrower. 23 4.04 LEASES...........................................................23 4.06 INSPECTION OF BOOKS AND RECORDS..................................23 4.07
Assets of Borrower. After the consummation of the Requested Actions, the only assets of Borrower will continue to be the Project and cash or cash equivalents and incidental personal property necessary for the operation of the Project.
Assets of Borrower. Borrower or a Guarantor has good and marketable title in fee simple to, or valid and subsisting leasehold interests in, the Owned Real Property and the Ground Leased Real Property, and good and marketable title to all its other property (including without limitation the Collateral), free and clear of all Liens (other than Permitted Liens).