Permitted Debt. Liens to secure Permitted Debt, provided that (x) the Borrower will be in compliance with the Financial Covenants considering the consequences of the granting of any such Lien and (y) no such Lien shall be secured by any Borrowing Base Property, the ownership interest in any Borrowing Base Property Owner, or any other assets of any Borrowing Base Property Owner;
Appears in 12 contracts
Samples: Loan Agreement (Cedar Realty Trust, Inc.), Assignment and Assumption (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Realty Trust, Inc.)
Permitted Debt. Liens to secure Permitted Debt, provided that (x) the Borrower will be in compliance with the Financial Covenants considering the consequences of the granting of any such Lien and (y) no such Lien shall be secured by any Borrowing Base Collateral Property, the direct ownership interest in any Borrowing Base Collateral Property OwnerOwner or the Borrower, or any other assets of any Borrowing Base Collateral Property OwnerOwner (except as otherwise permitted with respect to personal property liens pursuant to Section 8.2.4 below);
Appears in 2 contracts
Samples: Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Wheeler Real Estate Investment Trust, Inc.)
Permitted Debt. Liens to secure Permitted any Debt that is not Prohibited Debt; provided, provided however, that (x) the Borrower will be in compliance with the Financial Covenants considering the consequences of the granting of any such Lien and (y) no such Lien shall be secured by any Borrowing Base Property, Property or the ownership interest in any Borrowing Base Property Owner, or any other assets of any Borrowing Base Property Owner;
Appears in 1 contract
Samples: Revolving Credit Agreement (Mid America Apartment Communities Inc)
