Common use of Limitation on Other Debt Clause in Contracts

Limitation on Other Debt. Borrower and Managing Member shall not, without the prior written consent of Administrative Agent and the Majority Lenders, incur any Debt other than, in the case of the Borrower, the Loans and trade and operational debt described in subsection (p) of the definition of Single Purpose Entity.

Appears in 2 contracts

Samples: Loan Agreement (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust)

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Limitation on Other Debt. (1) Borrower and Managing Member shall not, without the prior written consent of Administrative Agent and the Majority Lenders, incur any Debt other than, in the case of the Borrower, the Loans and trade and operational debt described in subsection (p) of Debt permitted by the definition of Single Purpose Entity.

Appears in 2 contracts

Samples: Acquisition and Project Loan Agreement (Acadia Realty Trust), Assignment and Assumption (Acadia Realty Trust)

Limitation on Other Debt. Borrower and Managing Member shall not, without the prior written consent of Administrative Agent and the Majority Required Lenders, incur any Debt other than, than as permitted in the case of the Borrower, the Loans and trade and operational debt described in subsection (p) of the definition of Single Purpose Entity.” appearing in Section 1.1. Section 9.9

Appears in 1 contract

Samples: Loan Agreement (Alexanders Inc)

Limitation on Other Debt. Borrower and Managing Member shall not, without the prior written consent of the Administrative Agent and the Majority Lenders, incur any Debt other than, in than the case of the Borrower, the Loans and trade and operational debt Debt permissible for Borrower to incur as described in subsection (pn) of the definition of Single Purpose Entity.

Appears in 1 contract

Samples: Construction Loan Agreement (Maguire Properties Inc)

Limitation on Other Debt. Borrower and Managing Member shall not, without the prior written consent of the Administrative Agent and the Majority Lenders, incur any Debt other than, in the case of the Borrower, than the Loans and trade and operational debt Debt described in subsection (pb) of the definition of Single Purpose Entity.

Appears in 1 contract

Samples: Loan Agreement (Douglas Emmett Inc)

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Limitation on Other Debt. Neither Borrower and Managing nor Sole Member shall notshall, without the prior written consent of the Administrative Agent and the Majority Lenders, incur any Debt other than, in the case of the Borrower, than the Loans and trade and operational debt described in subsection (po) of the definition of Single Purpose EntityEntity (in the case of Borrower).

Appears in 1 contract

Samples: Loan Agreement (Morgans Hotel Group Co.)

Limitation on Other Debt. Borrower and Managing Member shall not, without the prior written consent of Administrative Agent and the Majority Required Lenders, incur any Debt other than, than as permitted in the case of the Borrower, the Loans and trade and operational debt described in subsection (p) of the definition of Single Purpose Entity” appearing in Section 1.1.

Appears in 1 contract

Samples: Loan Agreement (Alexanders Inc)

Limitation on Other Debt. Neither Borrower and Managing Member shall notnor Mortgage Borrower shall, without the prior written consent of the Administrative Agent and the Majority LendersLenders (which consent may be withheld in the Administrative Agent’s sole and absolute discretion), incur any Debt other than, in the case of the Borrower, the Loans and trade and operational debt described in as permitted under subsection (po) of the definition of Single Purpose Entity.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Morgans Hotel Group Co.)

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