Common use of Indebtedness Secured by Harrisburg Property Clause in Contracts

Indebtedness Secured by Harrisburg Property. The review and approval of the Board (including a majority of the Independent Directors) shall be required prior to the consummation of any borrowing by the owner of the Harrisburg Property or its partners where the aggregate indebtedness secured by the Harrisburg Property or partnership interests therein exceeds $46,900,000.

Appears in 3 contracts

Samples: Agreement (Feldman Mall Properties, Inc.), Feldman Mall Properties, Inc., Feldman Mall Properties, Inc.

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Indebtedness Secured by Harrisburg Property. The review and approval of the Board (including a majority of the Independent Directors) shall be required prior to the consummation of any borrowing by the owner of the Harrisburg Property or its partners where the aggregate indebtedness secured by the Harrisburg Property or partnership interests therein exceeds Forty-Six Million Nine Hundred Thousand Dollars ($46,900,000).

Appears in 2 contracts

Samples: Recapitalization Agreement (Feldman Mall Properties, Inc.), Redemption Agreement (Feldman Mall Properties, Inc.)

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