Borrower and Operator Negative Covenants Clause Samples

Borrower and Operator Negative Covenants. (a) Borrower ---------------------------------------- covenants and agrees that, until payment in full of the Indebtedness, it will not do, directly or indirectly, any of the following unless Mezzanine Lender consents thereto in writing: (A) Liens on the Mortgaged Property. Incur, create, assume, become or ------------------------------- be liable in any manner with respect to, or permit to exist, any Lien with respect to the Facility, except: (i) Liens in favor of Mezzanine Lender, and (ii) the Permitted Encumbrances.