Common use of No Additional Debt Clause in Contracts

No Additional Debt. Except for the Loan, Borrowers shall not incur any indebtedness (whether personal or nonrecourse, secured or unsecured) other than customary trade payables paid within sixty (60) days after they are incurred.

Appears in 2 contracts

Sources: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\)

No Additional Debt. Except for the Loan, Borrowers Borrower shall not incur any indebtedness (whether personal or nonrecourse, secured or unsecured) other than customary trade payables paid within sixty ninety (6090) days after they are incurred.

Appears in 2 contracts

Sources: Construction Loan Agreement, Construction Loan Agreement (Dupont Fabros Technology, Inc.)

No Additional Debt. Except for the Loan, Borrowers Borrower shall not incur any indebtedness (whether personal or nonrecourse, secured or unsecured) other than secured, non-recourse equipment financing and customary trade payables paid within sixty (60) days after they are incurred.

Appears in 1 contract

Sources: Construction Loan Agreement (Medical Properties Trust Inc)

No Additional Debt. Except for the Loan, Borrowers Borrower shall not incur ------------------ any indebtedness (whether personal or nonrecourse, secured or unsecured) other than customary trade payables paid within sixty (60) days after they are incurred.

Appears in 1 contract

Sources: Loan Agreement (American Leisure Holdings, Inc.)

No Additional Debt. Except for the Loan, Borrowers Borrower shall not incur any indebtedness (whether personal recourse or nonrecourse, secured or unsecured) other than customary trade payables paid within sixty (60) days after they are incurred.

Appears in 1 contract

Sources: Loan Agreement (NNN Healthcare/Office REIT, Inc.)