Limitation on Other Debt. Borrower shall not, without the prior consent of Lender, incur any Debt other than the Loan and customary trade payables which are payable, and shall be paid, within thirty (30) days of when invoiced and do not exceed, in the aggregate, two percent (2.0%) of the Principal Balance.
Appears in 4 contracts
Samples: Term Loan Agreement (Wheeler Real Estate Investment Trust, Inc.), Term Loan Agreement (Wheeler Real Estate Investment Trust, Inc.), Term Loan Agreement (Cedar Realty Trust, Inc.)
Limitation on Other Debt. Borrower (and each general partner or managing member in Borrower, if any) shall not, without the prior written consent of Lender, incur any Debt other than the Loan and customary trade payables which are payable, and shall be paid, within thirty sixty (3060) days of when invoiced and do not exceed, in the aggregate, two percent (2.0%) of the Principal Balanceincurred.
Appears in 3 contracts
Samples: Loan Agreement (Cornerstone Core Properties REIT, Inc.), Loan Agreement (Cornerstone Core Properties REIT, Inc.), Loan Agreement (KBS Strategic Opportunity REIT, Inc.)
Limitation on Other Debt. No Borrower shall notshall, without the prior written consent of Lender, directly' or indirectly incur any Debt other than the Loan and customary trade payables which are payable, and shall be paid, within thirty sixty (3060) days of when invoiced and do not exceed, in the aggregate, two percent (2.0%) of the Principal Balanceincurred.
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