Common use of Limitations on Additional Indebtedness; Other Prohibited Transactions Clause in Contracts

Limitations on Additional Indebtedness; Other Prohibited Transactions. (a) Except as expressly permitted herein, Borrower shall not, without the prior written consent of Lender granted in its sole discretion, incur any indebtedness of any kind.

Appears in 3 contracts

Samples: Term Loan and Security Agreement (SRAX, Inc.), Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.)

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Limitations on Additional Indebtedness; Other Prohibited Transactions. (a) Except as expressly permitted herein, Borrower shall not, without the prior written consent of Lender granted in its sole discretion, incur any indebtedness of any kindkind other than (i) indebtedness to Guarantor; and (ii) Permitted Indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (JetPay Corp), Credit Agreement (JetPay Corp)

Limitations on Additional Indebtedness; Other Prohibited Transactions. (a) Except as expressly permitted hereinfor Permitted Indebtedness, Borrower shall not, without the prior written consent of Lender granted in its sole discretion, incur any indebtedness of any kind.

Appears in 1 contract

Samples: Construction Loan Agreement (Sentio Healthcare Properties Inc)

Limitations on Additional Indebtedness; Other Prohibited Transactions. (a) Except as expressly permitted herein, Borrower shall not, without the prior written consent of Lender granted in its sole discretion, incur any indebtedness Debt of any kind.

Appears in 1 contract

Samples: Construction Loan Agreement (CNL Growth Properties, Inc.)

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Limitations on Additional Indebtedness; Other Prohibited Transactions. (a) Except as expressly permitted herein, Borrower shall not, without the prior written consent of Lender granted in its sole discretion, incur any indebtedness of any kindkind in excess of $150,000.00.

Appears in 1 contract

Samples: Loan Agreement (Jagged Peak, Inc.)

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