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

Sources: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Wells Mid-Horizon Value-Added Fund I LLC), Open End Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing (Wells Mid-Horizon Value-Added Fund I LLC)

Maximum Indebtedness. Notwithstanding anything contained herein to the contrary, in no event shall the Indebtedness exceed an amount equal to $25,000,000.0020,000,000.00; provided, however, in no event shall Mortgagee Noteholder be obligated to advance funds in excess of the face amount of the Note.

Appears in 1 contract

Sources: Mortgage, Security Agreement, and Financing Statement (TNP Strategic Retail Trust, Inc.)

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

Sources: Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing (National Patent Development Corp)

Maximum Indebtedness. Notwithstanding anything contained herein to the contrary, in no event shall the Indebtedness exceed an amount equal to $25,000,000.0025,000,000; 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

Sources: Mortgage, Security Agreement, Assignment of Rents and Leases and Fixture Filing (Cti Industries Corp)

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

Sources: Mortgage, Security Agreement, Assignment of Rents and Leases and Fixture Filing (Lifeway Foods Inc)

Maximum Indebtedness. Notwithstanding anything contained herein to the contrary, in no event shall the Indebtedness exceed an amount equal to $25,000,000.0050,000,000.00; 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

Sources: Deed to Secure Debt, Assignment of Rents and Security Agreement (Grubb & Ellis Healthcare REIT II, Inc.)

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

Sources: Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing (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

Sources: Construction Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing (Textura Corp)

Maximum Indebtedness. Notwithstanding anything contained herein to the contrary, in no event shall the Indebtedness exceed an amount equal to $25,000,000.00120,000,000.00; 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

Sources: Open End Real Property Mortgage (NNN Healthcare/Office REIT, Inc.)