Limitations on Additional Indebtedness and Other Transactions Sample Clauses

Limitations on Additional Indebtedness and Other Transactions. Borrower and General Partner shall not, without the prior written consent of Lender, in Lender’s sole discretion, incur any Indebtedness of any kind, secured or unsecured, other than the Loan and the Subordinate Loans, provided that in the instance of the Subordinate Loans, the Subordination Agreement shall remain in full force and effect and of record in the real property records of the County at all times while any portion of the Loan or the amounts payable under or in respect of the Loan Documents remain unpaid.
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Limitations on Additional Indebtedness and Other Transactions. Borrower shall not, without the prior written consent of Bondowner Representative granted in its sole discretion, incur any indebtedness of any kind other than the indebtedness to Bondowner Representative under the Loan Documents and the indebtedness described in the Project Sources Schedule (provided that such indebtedness shall have been subordinated to all indebtedness to Bondowner Representative). In addition to the foregoing, Borrower shall not, without the prior written consent of Bondowner Representative granted in its sole discretion, enter into, engage in or benefit from any off balance sheet or hedge transactions, including, without limitation, interest rate swap agreements.
Sample 1
Limitations on Additional Indebtedness and Other Transactions. Borrower shall not, without the prior written consent of Bondowner Representative, incur any indebtedness of any kind other than the Subordinate Loans; provided that in the instance of the Subordinate Loans the Subordination Agreements shall remain in full force and effect and of record in the real property records of the County at all times while any portion of the Loans or the amounts payable under or in respect of the Loan Documents remain unpaid. In addition to the foregoing, Borrower shall not, without the prior written consent of Bondowner Representative (which consent shall not be unreasonably withheld), engage in any off balance sheet or hedge transactions, including without limitation, interest rate swaps, other than with Bondowner Representative or its affiliates.
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Related to Limitations on Additional Indebtedness and Other Transactions

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