Concerning Leases Generally. Accept or require payment of Rent in respect of the Secured Properties that would result in, the aggregate of, more than $500,000 of such Rent being prepaid under the Leases (excluding, for purposes of such calculation, Lease surrender payments and security deposits made by tenants under the Leases, which are expressly permitted).
Appears in 2 contracts
Sources: Credit Agreement (Strategic Storage Trust VI, Inc.), Credit Agreement (Strategic Storage Trust VI, Inc.)
Concerning Leases Generally. Accept or require payment of Rent in respect of the Secured Properties Property that would result in, the aggregate of, more than $500,000 200,000 of such Rent being prepaid under the Leases (excluding, for purposes of such calculation, Lease surrender payments and security deposits made by tenants under the Leases, which are expressly permitted).
Appears in 1 contract
Sources: Non Revolving Term Facility Credit Agreement (Strategic Storage Trust VI, Inc.)