Common use of Recourse Debt Clause in Contracts

Recourse Debt. (i) As of any date, the Companies, individually or on a consolidated basis, to incur, guaranty, or otherwise be or become, directly or indirectly, liable in respect of any Recourse Debt (other than Permitted Recourse Debt).

Appears in 2 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md)

AutoNDA by SimpleDocs

Recourse Debt. (ia) As of any date, the Companies, individually or on a consolidated basis, to incur, guaranty, or otherwise be or become, directly or indirectly, liable in respect of any Recourse Debt (other than Permitted Recourse Debt).

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

AutoNDA by SimpleDocs

Recourse Debt. (i) As of any date, the Companies, individually or on a consolidated basis, to incur, guarantyguarantee, or otherwise be or become, directly or indirectly, liable in respect of any Recourse Debt (other than Permitted Recourse Debt).

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

Time is Money Join Law Insider Premium to draft better contracts faster.