PROHIBITION ON SUBORDINATE FINANCING. Borrower shall not incur or permit the incurring of (i) any financing in addition to the Loan that is secured by a lien, security interest or other encumbrance of any part of the Property or (ii) any pledge or encumbrance of any beneficial interest in Borrower.
PROHIBITION ON SUBORDINATE FINANCING. (a) Except as set forth below in this Section, Grantor shall not incur or permit the incurring of (i) any financing (other than equipment leases) in addition to the Loan that is secured by a lien, security interest or other encumbrance of any part of the Property or (ii) any pledge or encumbrance of any constituent who is a controlling member of Grantor of its interest in Grantor.
PROHIBITION ON SUBORDINATE FINANCING. Except as and to the extent expressly permitted in Section 10.4 or Section 10.6, Trustor shall not incur or permit the incurring of (i) any financing in addition to the Loan and the Trustor Guaranty that is secured by a lien, security interest or other encumbrance of any part of the Property or (ii) any pledge or encumbrance of a partnership, member or shareholder or beneficial interest in Trustor.
PROHIBITION ON SUBORDINATE FINANCING. Except as and to the extent expressly permitted in Section 10.4 or Section 10.6, Affiliated Guarantor shall not incur or permit the incurring of (i) any financing in addition to the Loan that is secured by a lien, security interest or other encumbrance of any part of the Property or (ii) any pledge or encumbrance of a partnership, member or shareholder or beneficial interest in Affiliated Guarantor.
PROHIBITION ON SUBORDINATE FINANCING. Trustor shall not incur or permit the incurring of (i) any financing in addition to the Loan that is secured by a lien, security interest or other encumbrance of any part of the Property or (ii) any mezzanine financing, including without limitation any pledge or encumbrance of a partnership, member or shareholder or beneficial interest in Trustor.
PROHIBITION ON SUBORDINATE FINANCING. Borrowers shall not incur or permit the incurring of (a) any financing in addition to the Aggregate Secured Indebtedness that is secured by a lien, security interest or other encumbrance of any part of the Properties or (b) any pledge or encumbrance of a partnership, member or shareholder or beneficial interest in any Borrower (individually or collectively, a "SECONDARY FINANCING").
PROHIBITION ON SUBORDINATE FINANCING. (a) Mortgagor shall ------------------------------------ not incur or permit the incurring of (a) any financing in addition to the Loan that is secured by a lien, security interest or other encumbrance of any part of the Property or (b) any pledge or encumbrance of a direct partnership interest in Mortgagor.
PROHIBITION ON SUBORDINATE FINANCING. Grantor shall not incur or permit the incurring of (a) any financing in addition to the Loan that is secured by a lien, security interest or other encumbrance of any part of the Property or (b) any pledge or encumbrance of a partnership, member or shareholder or beneficial interest in Grantor. Notwithstanding the foregoing, the Property may be encumbered with the lien of the existing loan to Allied (the "SECONDARY FINANCING"), pursuant to that certain Deed of Trust and Security Agreement "B"
PROHIBITION ON SUBORDINATE FINANCING. 20 SECTION 10.03
PROHIBITION ON SUBORDINATE FINANCING. Grantor sxxxx not incur or permit the incurring of (i) any financing in addition to the Loan that is secured by a lien, security interest or other encumbrance of any part of the Property or (ii) any pledge or encumbrance of a partnership, member or shareholder or beneficial interest in Grantor ("Secondary Financing").
