Restriction on Prepayment of Indebtedness. The Borrower shall not prepay the principal amount, in whole or in part, of any Indebtedness other than the Obligations after the occurrence of any Event of Default; provided, however, that this Section 8.11 shall not prohibit the prepayment of Indebtedness which is financed solely from the proceeds of a new loan which would otherwise be permitted by the terms of Section 8.1.
Appears in 5 contracts
Samples: Revolving Credit Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (Meridian Industrial Trust Inc), Revolving Credit Agreement (Meridian Industrial Trust Inc)
Restriction on Prepayment of Indebtedness. The Borrower shall not prepay prepay, redeem or purchase the principal amount, in whole or in part, of any Indebtedness other than the Obligations after the occurrence of any Event of Default; provided, however, that this Section 8.11 8.13 shall not prohibit the prepayment of Indebtedness which is financed solely from the proceeds of a new loan which would otherwise be permitted by the terms of Section 8.1.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Crescent Real Estate Equities Co), Revolving Credit Agreement (Crescent Real Estate Equities Co), Revolving Credit Agreement (Crescent Real Estate Equities LTD Partnership)
Restriction on Prepayment of Indebtedness. The Neither Borrower shall not prepay the principal amount, in whole or in part, of any Indebtedness other than the Obligations after the occurrence of any Event of Default; provided, however, that this Section 8.11 shall not prohibit the prepayment of Indebtedness which is financed solely from the proceeds of a new loan which would otherwise be permitted by the terms of Section 8.1.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Walden Residential Properties Inc), Term Loan Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (Walden Residential Properties Inc)
Restriction on Prepayment of Indebtedness. The Neither Borrower nor any of its Subsidiaries shall not prepay prepay, redeem or purchase the principal amount, in whole or in part, of any Indebtedness other than the Obligations after the occurrence of any Event of Default; provided, however, that this Section 8.11 shall not prohibit the prepayment of Indebtedness which is financed solely from the proceeds of a new loan which would otherwise be permitted by the terms of Section 8.1.
Appears in 2 contracts
Samples: Revolving Credit Agreement (New Plan Excel Realty Trust Inc), Revolving Credit Agreement (Excel Realty Trust Inc)
Restriction on Prepayment of Indebtedness. The Borrower None of the Borrowers shall not prepay the principal amount, in whole or in part, of any Indebtedness other than the Obligations and the Hedge Obligations after the occurrence of any Event of Default; provided, however, that this Section §8.11 shall not prohibit the prepayment of Indebtedness which is financed solely from the proceeds of a new loan which would otherwise be permitted by the terms of Section §8.1.
Appears in 1 contract
Restriction on Prepayment of Indebtedness. The Borrower shall not prepay the principal amount, in whole or in part, of any Indebtedness other than the Obligations after the occurrence of any Event of Default; provided, however, that this Section 8.11 -Section-8.11 shall not prohibit the prepayment of Indebtedness which is financed solely from the proceeds of a new loan which would otherwise be permitted by the terms of Section 8.1-Section-8.1.
Appears in 1 contract
Samples: Revolving Credit Agreement (Meridian Industrial Trust Inc)
Restriction on Prepayment of Indebtedness. The Borrower shall not Neither the Borrower, REA or the Guarantors will, or will permit their respective Subsidiaries to, prepay after the occurrence of any Event of Default the principal amount, in whole or in part, of any Indebtedness other than the Obligations after the occurrence of any Event of DefaultObligations; provided, however, that this Section 8.11 8.10 shall not prohibit the prepayment of Indebtedness which is financed solely from the proceeds of a new loan which would otherwise be permitted by the terms of Section 8.1.
Appears in 1 contract
Samples: Revolving Credit Agreement (American Real Estate Investment Corp)
Restriction on Prepayment of Indebtedness. The Borrower shall not prepay the principal amount, in whole or in part, of any Indebtedness other than the Obligations after the occurrence of any Event of Default; provided, however, that this Section 8.11 8.13 shall not prohibit the prepayment of Indebtedness which is financed solely from the proceeds of a new loan which would otherwise be permitted by the terms of Section 8.1.
Appears in 1 contract
Samples: Revolving Credit Agreement (Crescent Real Estate Equities Inc)
Restriction on Prepayment of Indebtedness. The Borrower None of the Borrowers shall not prepay the principal amount, in whole or in part, of any Indebtedness other than the Obligations after the occurrence of any Event of Default; provided, however, that this Section 8.11 shall not prohibit the prepayment of Indebtedness which is financed solely from the proceeds of a new loan which would otherwise be permitted by the terms of Section 8.1.
Appears in 1 contract
Samples: Master Credit Agreement (Wellsford Real Properties Inc)
Restriction on Prepayment of Indebtedness. The Borrower None of the Borrowers shall not prepay the principal amount, in whole or in part, of any Indebtedness other than the Obligations and the Hedge Obligations after the occurrence and during the continuance of any Event of Default; provided, however, that this Section §8.11 shall not prohibit the prepayment of Indebtedness which is financed solely from the proceeds of a new loan which would otherwise be permitted by the terms of Section §8.1.
Appears in 1 contract
