Debt Cancellation. Cancel or otherwise forgive or release any material claim or debt owed to Borrower by any Person, except for adequate consideration or in the ordinary course of Borrower's business.
Appears in 17 contracts
Samples: Loan Agreement (Affordable Residential Communities Inc), Loan Agreement (Lazard Freres Real Estate Investors LLC), Loan Agreement (Kranzco Realty Trust)
Debt Cancellation. Cancel Borrower shall not cancel or otherwise forgive or release any material claim or debt (other than termination of Leases in accordance herewith) owed to Borrower by any Person, except for adequate consideration or and in the ordinary course of Borrower's business.
Appears in 9 contracts
Samples: Loan Agreement (Cole Credit Property Trust Iv, Inc.), Loan Agreement (U-Store-It Trust), Loan Facility Agreement (Felcor Lodging Trust Inc)
Debt Cancellation. Cancel or otherwise forgive or release any material ----------------- claim or debt owed to any Borrower by any Person, except for adequate consideration or and in the ordinary course of Borrower's business.business in its reasonable judgment;
Appears in 1 contract
Samples: Loan Agreement (Saul Centers Inc)
Debt Cancellation. Cancel or otherwise forgive or release any material claim ----------------- or debt owed to such Borrower by any Person, except for adequate consideration or in the ordinary course of such Borrower's business.business in its reasonable judgment and in a manner consistent with the operation of first class Retail Properties;
Appears in 1 contract
