Common use of Other Borrowings Clause in Contracts

Other Borrowings. Incur, unsecured trade payables (not evidenced by a promissory note) incurred in the ordinary course of business relating to the ownership and operation of the applicable Borrower’s and Operating Lessee’s Individual Properties which when aggregated with the unsecured trade payables of all other Borrowers and Operating Lessee do not exceed, at any time, a maximum amount of two and one-half percent (2.5%) of the Loan Amount 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.

Other Borrowings. Incur, unsecured trade payables (not evidenced by a promissory note) incurred in the ordinary course of business relating to the ownership and operation of the applicable Borrower’s 's and Operating Lessee’s 's Individual Properties which when aggregated with the unsecured trade payables of all other Borrowers and Operating Lessee do not exceed, at any time, a maximum amount of two and one-half percent (2.5%) of the Loan Amount 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.