Individual Property Debt Clause Samples
Individual Property Debt. Individual Property secured Debt of the Borrower, CRT or any Borrower Subsidiary (other than any Loan Party) which is recourse to the Borrower or CRT consistent with customary project finance market terms and conditions (excluding the Obligations) in an amount not to exceed fifteen percent (15%) of the Total Asset Value in the aggregate outstanding at any one time, provided that the Borrower will be in compliance with the Financial Covenants and the Total Outstandings will not exceed the Maximum Loan Amount considering the consequences of the incurrence of such Debt;
Individual Property Debt. Debt of Borrower, CRT and/or any Borrower Subsidiary (other than any Loan Party) that is secured by mortgage, deed of trust or similar security instrument on an Individual Property other than a Collateral Property, provided that the Borrower will be in compliance with the Financial Covenants considering the consequences of the incurrence of such Debt;
Individual Property Debt. Individual Property secured Debt of the Borrower, CSC or any Borrower Subsidiary which is recourse to the Borrower or CSC consistent with customary project finance market terms and conditions (excluding the Obligations) in an amount not to exceed twenty five percent (25%) of the Total Asset Value in the aggregate outstanding at any one time, provided that the Borrower will be in compliance with the Financial Covenants considering the consequences of the incurrence of such Debt;