Agent Not to Pledge Owner’s Credit. Agent shall not, except in the purchase of goods, wares, merchandise, materials, supplies and services reasonably required in the performance of its obligations under this Agreement and approved by Owner, pledge the credit of Owner; nor shall Agent, in the name or on behalf of Owner, borrow any money or execute any promissory note, installment purchase agreement, xxxx of exchange or other obligation binding on Owner or the Property.
Appears in 7 contracts
Samples: Management Accounting Services Agreement (KBS Legacy Partners Apartment REIT, Inc.), Account Services Agreement (KBS Legacy Partners Apartment REIT, Inc.), Account Services Agreement (KBS Legacy Partners Apartment REIT, Inc.)