Nonrecourse Indebtedness. Any of the following events shall occur with respect to any Extension of Credit that is Nonrecourse Indebtedness, owing by Borrower, Parent or any Significant Subsidiary, and having an aggregate outstanding principal amount equal to or greater than three percent (3%) of Gross Asset Value for the quarter most recently ended as reported on the Compliance Certificate for such quarter:
Appears in 3 contracts
Samples: Assignment and Assumption Agreement (CBL & Associates Properties Inc), Loan Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc)
Nonrecourse Indebtedness. Any of the following events shall occur with respect to any Extension of Credit that is Nonrecourse Indebtedness, owing by Borrower, Parent or any Significant Subsidiary, and having an aggregate outstanding principal amount equal to of $200,000,000 or greater than three percent (3%) of Gross Asset Value for the quarter most recently ended as reported on the Compliance Certificate for such quartermore:
Appears in 1 contract
Samples: Assignment and Assumption Agreement (CBL & Associates Properties Inc)
Nonrecourse Indebtedness. Any of the following events shall occur with respect to any Extension of Credit that is Nonrecourse Indebtedness, owing by Borrower, Parent or any Significant Subsidiary, and having an aggregate outstanding principal amount equal to or greater than three percent (3%) of Gross Asset Value for the quarter most recently ended as reported on the Compliance Certificate for such quarter:: exhibit10175a.htm
Appears in 1 contract
Samples: Unsecured Credit Agreement (CBL & Associates Properties Inc)
