Common use of Financial Undertakings Clause in Contracts

Financial Undertakings. The Borrower will not enter into or remain liable upon, nor will it permit any Subsidiary to enter into or remain liable upon, any Financial Undertaking, except to the extent required to protect the Borrower and its Subsidiaries against increases in interest payable by them under variable interest Indebtedness.

Appears in 20 contracts

Samples: Secured Term Loan Agreement (Developers Diversified Realty Corp), Secured Term Loan Agreement (Developers Diversified Realty Corp), Credit Agreement (Developers Diversified Realty Corp)

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Financial Undertakings. The Borrower will not enter into or remain liable upon, nor will it permit any Subsidiary to enter into or remain liable upon, any Financial Undertaking, except to the extent required to protect entered into for the purpose of protecting the Borrower and its Subsidiaries against increases in interest payable by them under variable interest Indebtedness.

Appears in 5 contracts

Samples: Term Loan Agreement (Retail Properties of America, Inc.), Term Loan Agreement (Retail Properties of America, Inc.), Assignment Agreement (Retail Properties of America, Inc.)

Financial Undertakings. The Borrower will not enter into or remain liable upon, nor will it they permit any Subsidiary to enter into or remain liable upon, any Financial Undertaking, except to the extent required to protect the Borrower and its Subsidiaries against increases in interest payable by them under variable interest Indebtedness.

Appears in 5 contracts

Samples: Credit Agreement (Retail Properties of America, Inc.), Credit Agreement (Inland Western Retail Real Estate Trust Inc), Credit Agreement (Inland Western Retail Real Estate Trust Inc)

Financial Undertakings. The Borrower will not enter into or remain liable upon, nor will it permit any Subsidiary to enter into or remain liable upon, any Financial Undertaking, except to other than Financial Contracts entered into for the extent required to protect purpose of hedging foreign currency risk or interest rate exposure associated with the Borrower and its Subsidiaries against increases in interest payable by them under variable interest IndebtednessSubsidiaries’ operations and not for speculative purposes.

Appears in 3 contracts

Samples: Credit Agreement (SITE Centers Corp.), Credit Agreement (DDR Corp), Credit Agreement (SITE Centers Corp.)

Financial Undertakings. The Borrower will not enter into or remain liable upon, nor will it permit any Guarantor or Subsidiary to enter into or remain liable upon, any Financial Undertaking, except to the extent required to protect entered into for the purpose of protecting the Borrower and its Subsidiaries against increases in interest payable by them under variable interest Indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (RPT Realty), Assignment Agreement (Ramco Gershenson Properties Trust)

Financial Undertakings. The Borrower Borrowers will not enter into or remain liable upon, nor will it they permit any Subsidiary to enter into or remain liable upon, any Financial Undertaking, except to the extent required to protect the Borrower Borrowers and its their Subsidiaries against increases in interest payable by them under variable interest Indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (Inland Retail Real Estate Trust Inc), Credit Agreement (Inland Retail Real Estate Trust Inc)

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Financial Undertakings. The Borrower will not enter into or remain liable upon, nor will it permit any Subsidiary to enter into or remain liable upon, any Financial Undertaking, except to the extent required to protect the Borrower and its Subsidiaries against increases in interest payable by them under variable interest Indebtedness.

Appears in 1 contract

Samples: Term Loan Agreement (Developers Diversified Realty Corp)

Financial Undertakings. The Borrower Borrowers will not enter into or remain liable upon, nor will it they permit any Subsidiary to enter into or remain liable upon, any Financial Undertaking, except to the extent required to protect the Borrower Borrowers and its their Subsidiaries against increases in interest payable by them under variable interest Indebtedness.. 6.19

Appears in 1 contract

Samples: Credit Agreement (Inland Retail Real Estate Trust Inc)

Financial Undertakings. The Borrower will not enter into or remain liable upon, nor will it they permit any Subsidiary to enter into or remain liable upon, any Financial Undertaking, except to the extent required to protect entered into for the purpose of protecting the Borrower and its Subsidiaries against increases in interest payable by them under variable interest Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Retail Properties of America, Inc.)

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