Common use of Other Borrowing Clause in Contracts

Other Borrowing. Incur, except for unsecured trade payables incurred in the ordinary course of business relating to the ownership and operation of Borrower's Facility which do not exceed, at any time, a maximum amount of $250,000 and are paid within sixty (60) days of the date incurred, create, assume, become or be liable in any manner with respect to Other Borrowings.

Appears in 1 contract

Sources: Loan Agreement (Burnham Pacific Properties Inc)

Other Borrowing. Incur, except Except for (i) unsecured trade payables incurred in the ordinary course of business relating to the ownership and operation of Borrower's Facility 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.

Appears in 1 contract

Sources: Loan Agreement (Burnham Pacific Properties Inc)