Common use of Loans by Third Parties Clause in Contracts

Loans by Third Parties. The Partnership may incur or assume Debt, or enter into other similar credit, guarantee, financing or refinancing arrangements, for any purpose (including, without limitation, in connection with any further acquisition of Properties from any Person), upon such terms as the General Partner determines appropriate; provided, however, that the Partnership shall not incur or assume any Debt under which a breach, violation or default would be deemed to occur by virtue of the Transfer of any Limited Partner Interest or General Partner Interest; provided, further, that any Debt shall be nonrecourse to the General Partner unless the General Partner otherwise agrees.

Appears in 3 contracts

Samples: New Plan Excel Realty Trust Inc, Excel Realty Trust Inc, Excel Realty Trust Inc

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Loans by Third Parties. The Partnership may incur or assume Debtdebt, or enter into other similar credit, guarantee, financing or refinancing arrangements, arrangements for any purpose (including, without limitation, in connection with any further acquisition of Properties properties) from any Person), Person that is not the General Partner upon such terms as the General Partner determines appropriate; providedprovided that, however, that the Partnership shall not incur or assume any Debt debt under which a breach, violation or default would be deemed to occur by virtue of the Transfer transfer of any Limited Partner Interest or General Partner Partnership Interest; provided, further, that any Debt shall be nonrecourse to the General Partner unless the General Partner otherwise agrees.

Appears in 3 contracts

Samples: Agreement (Ps Business Parks Inc/Ca), Public Storage Properties Xi Inc, Public Storage Properties Xi Inc

Loans by Third Parties. The Partnership may incur or assume Debt, or enter into other similar credit, guarantee, financing or refinancing arrangements, arrangements for any purpose (including, without limitation, in connection with any further acquisition of Properties from property) with any Person), Person that is not the General Partner upon such terms as the General Partner determines appropriate; providedPROVIDED THAT, however, that the Partnership shall not incur or assume any Debt under which a breach, violation or default would be deemed to occur by virtue of the Transfer of any Limited Partner Interest or General Partner Interest; provided, further, that any Debt shall be nonrecourse is recourse to the General Partner unless Partner, except to the extent otherwise agreed to by the General Partner otherwise agreesin its sole discretion.

Appears in 2 contracts

Samples: Sl Green Realty Corp, Sl Green Realty Corp

Loans by Third Parties. The Partnership may incur or assume Debt, or enter into other similar credit, guarantee, financing or refinancing arrangements, arrangements for any purpose (including, without limitation, in connection with any further acquisition of Properties from property) with any Person), Person that is not a General Partner upon such terms as the Managing General Partner determines appropriate; providedprovided that, however, that the Partnership shall not incur or assume any Debt under which that is recourse to a breachGeneral Partner, violation or default would be deemed except to occur the extent otherwise agreed to by virtue of the Transfer of any Limited Partner Interest or such General Partner Interest; provided, further, that any Debt shall be nonrecourse to the General Partner unless the General Partner otherwise agreesin its sole discretion.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Equity Office Properties Trust), Assignment and Assumption Agreement (Equity Office Properties Trust)

Loans by Third Parties. The Partnership may incur or assume Debtindebtedness, or enter into other similar credit, guarantee, financing or refinancing arrangements, for any purpose (including, without limitation, in connection with any further acquisition of Properties from any Person), upon such terms as the General Partner determines appropriate; provided, however, that the Partnership shall not incur or assume any Debt indebtedness under which a breach, violation or default would be deemed to occur by virtue of the Transfer of any Limited Partner Interest or General Partner Interest; provided, further, that any Debt such indebtedness shall be nonrecourse to the General Partner unless the General Partner otherwise agrees.

Appears in 1 contract

Samples: Registration Rights Agreement (Prologis Trust)

Loans by Third Parties. The Partnership may incur or assume Debt, or enter into other similar credit, guarantee, financing or refinancing arrangements, arrangements for any purpose (including, without limitation, in connection with any further acquisition of Properties from property) with any Person), Person that is not the General Partner upon such terms as the General Partner determines appropriateappropriate (subject to Section 7.6); providedprovided that, however, that the Partnership shall not incur or assume any Debt under which a breach, violation or default would be deemed to occur by virtue of the Transfer of any Limited Partner Interest or General Partner Interest; provided, further, that any Debt shall be nonrecourse is recourse to the General Partner unless Partner, except to the extent otherwise agreed to by such General Partner otherwise agrees.in its sole discretion. ARTICLE VIII

Appears in 1 contract

Samples: HMC Merger Corp

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Loans by Third Parties. The Partnership may incur or assume Debt, or enter into other similar credit, guarantee, financing or refinancing arrangements, arrangements for any purpose (including, without limitation, in connection with any further acquisition of Properties from property) with any Person), Person that is not a General Partner upon such terms as the General Partner determines appropriate; providedprovided that, however, that the Partnership shall not incur or assume any Debt under which that is recourse to a breachGeneral Partner, violation or default would be deemed except to occur the extent otherwise agreed to by virtue of the Transfer of any Limited Partner Interest or such General Partner Interest; provided, further, that any Debt shall be nonrecourse to the General Partner unless the General Partner otherwise agreesin its sole discretion.

Appears in 1 contract

Samples: Presidio Golf Trust

Loans by Third Parties. The Subject to the provisions of Section 4.4 and Section 7.3 hereof, the Partnership may incur or assume Debt, or enter into other similar credit, guarantee, financing or refinancing arrangements, for any purpose (including, without limitation, in connection with any further acquisition of Properties from any Person), upon such terms as the General Partner determines appropriate; provided, however, that the Partnership shall not incur or assume any Debt under which a breach, violation or default would be deemed to occur by virtue of the Transfer of any Limited Partner Interest or General Partner Partnership Interest; provided, further, that any Debt shall be nonrecourse to the General Partner unless the General Partner otherwise agrees.

Appears in 1 contract

Samples: Limited Partnership Agreement (Kimco Realty Corp)

Loans by Third Parties. The Partnership may incur or assume Debt, or enter into other similar credit, guarantee, financing or refinancing arrangements, for any purpose (including, without limitation, in connection with any further acquisition of Properties from any Person), upon such terms as the General Partner determines appropriate; provided, however, that the Partnership shall not incur or assume any Debt under which a breach, violation or default would be deemed to occur by virtue of the Transfer of any Limited Partner Interest or (other than any Limited Partner Interest held by the General Partner Interestor an Affiliate of the General Partner); provided, further, that any Debt shall be nonrecourse to the General Partner unless the General Partner otherwise agrees.

Appears in 1 contract

Samples: New Plan Excel Realty Trust Inc

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