Common use of Limitation on Additional Debt Clause in Contracts

Limitation on Additional Debt. The Borrower will not consent to, authorize, issue and/or incur any additional Debt payable from or secured by the Collateral without the prior written consent of the Lender.

Appears in 3 contracts

Samples: Intra Agency Agreement, Loan Agreement, Loan Agreement

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Limitation on Additional Debt. The Borrower will not consent to, authorize, issue and/or incur any additional Debt payable from or secured by the Collateral without the prior written consent of the Lender.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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Limitation on Additional Debt. The Borrower will not consent to, authorize, issue and/or incur any additional Debt payable from or secured by the Collateral Trust Estate without the prior written consent of the Lender, except to issue additional indebtedness that is used to pay all Outstanding Loan Obligations.

Appears in 1 contract

Samples: Loan Agreement

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