Additional Debt. Except for the Obligations, Mortgagor shall not without the prior written consent of the Required Banks incur (or guarantee) any indebtedness (whether personal or nonrecourse, secured or unsecured) other than (i) customary trade payables and other unsecured obligations incurred in the ordinary course of business (other than borrowings) paid within sixty (60) days after they are due, unless contested in good faith, and (ii) personal property equipment leases/fixture financing agreements under which Mortgagor’s aggregate maximum liability does not exceed $5,000,000.
Appears in 9 contracts
Samples: Leases and Rents and Security Agreement (Taubman Centers Inc), And Rents and Security Agreement (Taubman Centers Inc), Mortgage (Taubman Centers Inc)
