Other Borrowing. Except for the Loan, no borrowings have been made by Borrower which are secured by the Project or any other assets of Borrower or which might give rise to any Lien other than the Liens created by the Loan Documents.
Other Borrowing. The Trust will not, at any time during the term of this Loan Agreement, borrow funds from any lender other than the Bank through any financing arrangements, without first obtaining written consent of the Bank, which consent shall not be unreasonably withheld, and which such other borrowings shall be subordinate to the lien position of the Bank, however, this restriction shall not apply to: (i) any sums which may now or hereafter be borrowed under Secured Savings Certificates now issued by the Trust and presently outstanding, or as hereinafter issued; (ii) any sums which may now or hereafter be borrowed under one or more unsecured Master Note Agreements with such individuals, partnerships, corporations or other legal entities as the Trust may from time to time determine without limitation; or (iii) other borrowing or financing arrangements secured by loans not pledged to secure the Exhibit “B” Note during the term of this Agreement applicable to Section 1.4(c) and related provisions applying to the Exhibit “B” Note; provided, however, that the total indebtedness of the Trust shall not exceed the restrictions hereinabove set forth.
Other Borrowing. Except for (i) unsecured trade payables incurred in the ordinary course of business relating to the ownership and operation of the Facilities which do not exceed, at any time, a maximum amount of $250,000 (with respect to any one Facility) and are paid within sixty (60) days of the date incurred, incur, create, assume, become or be liable in any manner with respect to Other Borrowings.
Other Borrowing. Except for the Mezzanine Loan and its obligations under each of the Senior Loans, Borrower, BTR Miller SPE, each of the Property Owners, each of the Senior Loan Borrowers, and each of the Managers, as of the Closing Date, shall not be indebted to any Person in respect of any indebtedness. No material payment due or owing by Borrower, any pledgor under a Pledge and Security Agreement, BTR Miller SPE, each of the Property Owners, each of the Senior Loan Borrowers, each of the Managers or any Guarantor to any Person is past-due or otherwise delinquent.