Common use of Incur Debt Clause in Contracts

Incur Debt. Incur, create or assume (or permit Operating Lessee to incur, create or assume) any Debt other than Permitted Debt or Transfer all or any part of the Property or any interest therein, except as permitted in the Loan Documents.

Appears in 2 contracts

Samples: Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Loan and Security Agreement (Strategic Hotels & Resorts, Inc)

AutoNDA by SimpleDocs

Incur Debt. Incur, create or assume (or permit Prime Lessee or Operating Lessee to incur, create or assume) any Debt Indebtedness other than Permitted Debt or Transfer all or any part of the Property or any interest therein, except as permitted in the Loan Documents.;

Appears in 2 contracts

Samples: Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Loan and Security Agreement (Strategic Hotels & Resorts, Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.