Common use of Maximum Indebtedness Clause in Contracts

Maximum Indebtedness. Notwithstanding anything contained herein to the contrary, in no event shall the Indebtedness exceed an amount equal to $25,000,000.00; provided, however, in no event shall Mortgagee be obligated to advance funds in excess of the face amount of the Note.

Appears in 2 contracts

Samples: Fixture Filing (Wells Mid-Horizon Value-Added Fund I LLC), Security Agreement and Fixture Filing (Wells Mid-Horizon Value-Added Fund I LLC)

AutoNDA by SimpleDocs

Maximum Indebtedness. Notwithstanding anything contained herein to the contrary, in no event shall the Indebtedness exceed an amount equal to Five Million Eight Hundred Thousand and No/100 Dollars ($25,000,000.005,800,000.00); provided, however, in no event shall Mortgagee be obligated to advance funds in excess of the face amount of the Note.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Grubb & Ellis Healthcare REIT, Inc.)

Maximum Indebtedness. Notwithstanding anything contained herein to the contrary, in no event shall the Indebtedness exceed an amount equal to $25,000,000.0024,000,000.00; provided, however, in no event shall Mortgagee be obligated to advance funds in excess of the face amount of the Note.

Appears in 1 contract

Samples: Construction Mortgage, Security Agreement (Textura Corp)

Maximum Indebtedness. Notwithstanding anything contained herein to the contrary, in no event shall the Indebtedness exceed an amount equal to $25,000,000.002,500,000; provided, however, in no event shall Mortgagee be obligated to advance funds in excess of the face amount of the Note.

Appears in 1 contract

Samples: Mortgage, Security Agreement (National Patent Development Corp)

Maximum Indebtedness. Notwithstanding anything contained herein to the contrary, in no event shall the Indebtedness exceed an amount equal to $25,000,000.0050,000,000.00; provided, however, in no event shall Mortgagee Grantee be obligated to advance funds in excess of the face amount of the Note.

Appears in 1 contract

Samples: And Security Agreement (Grubb & Ellis Healthcare REIT II, Inc.)

AutoNDA by SimpleDocs

Maximum Indebtedness. Notwithstanding anything contained herein to the contrary, in no event shall the Indebtedness exceed an amount equal to $25,000,000.00120,000,000.00; provided, however, in no event shall Mortgagee be obligated to advance funds in excess of the face amount of the NoteNotes.

Appears in 1 contract

Samples: NNN Healthcare/Office REIT, Inc.

Maximum Indebtedness. Notwithstanding anything contained herein to the contrary, in no event shall the Indebtedness exceed an amount equal to $25,000,000.0035,200,000.00; provided, however, in no event shall Mortgagee the Lender be obligated to advance funds in excess of the face amount of the Note.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Lifeway Foods Inc)

Maximum Indebtedness. Notwithstanding anything contained herein to the contrary, in no event shall the Indebtedness exceed an amount equal to $25,000,000.0025,000,000; provided, however, in no event shall Mortgagee the Lender be obligated to advance funds in excess of the face amount of the Note, plus the amount set forth in the Additional Loan Documents.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Cti Industries Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.