Limitation on Secured Indebtedness. Create, incur or suffer to exist any Secured Indebtedness exceeding $25,000,000 at any time outstanding (other than Secured Indebtedness in an aggregate amount not in excess of $50,000,000 in the nature of Contingent Obligations in respect of Letters of Credit fully executed by a Lien on cash and Cash Equivalents).
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Samples: Credit Agreement (M I Homes Inc), Credit Agreement (M I Homes Inc)
Limitation on Secured Indebtedness. Create, incur incur, assume or suffer to exist any Secured Indebtedness exceeding $25,000,000 in aggregate principal amount at any time outstanding (other than Secured Indebtedness in an aggregate amount not in excess of $50,000,000 in the nature of Contingent Obligations in respect of Letters of Credit fully executed by a Lien on cash and Cash Equivalents)outstanding.
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Samples: Credit Agreement (Ashton Houston Residential L.L.C.)
Limitation on Secured Indebtedness. Create, incur or suffer to exist any Secured Indebtedness exceeding $25,000,000 at any time outstanding (other than Secured Indebtedness in an aggregate amount not in excess of $50,000,000 in the nature of Contingent Obligations in respect of Letters of Credit fully executed secured by a Lien on cash and Cash Equivalents)."
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