Maximum Recourse Indebtedness. Permit any Consolidated Party to incur Recourse Indebtedness other than (i) the Obligations, (ii) capital leases and purchase money Indebtedness in an aggregate amount not to exceed $5,000,000 and (iii) Recourse Indebtedness (other than the Obligations) in an aggregate amount not to exceed $35,000,000 at such time.
Appears in 2 contracts
Sources: Credit Agreement (NorthStar Realty Europe Corp.), Credit Agreement (NorthStar Realty Europe Corp.)