Common use of Limitation on Securities Issuances Clause in Contracts

Limitation on Securities Issuances. Pledgor shall not permit Mezzanine A Borrower, Mezzanine A Principal, Mezzanine B Borrower, Mezzanine B Principal, Mezzanine C Borrower, Mezzanine C Principal, Mortgage Borrower or Mortgage Principal to issue any limited liability membership interests or other securities other than those that have been issued as of the Closing Date.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)

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Limitation on Securities Issuances. Pledgor shall not permit Mezzanine A Borrower, Mezzanine A Principal, Mezzanine B Borrower, Mezzanine B Principal, Mezzanine C Borrower, Mezzanine C Principal, Mezzanine D Borrower, Mezzanine D Principal, Mortgage Borrower or Mortgage Principal to issue any limited liability membership interests or other securities other than those that have been issued as of the Closing Date.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)

Limitation on Securities Issuances. Pledgor shall not permit Mezzanine A Borrower, Mezzanine A Principal, Mezzanine B Borrower, Mezzanine B Principal, Mezzanine C Borrower, Mezzanine C Principal, Mortgage Borrower or Mortgage Principal to issue any limited liability membership interests or other securities other than those that have been issued as of the Closing Date.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)

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Limitation on Securities Issuances. Pledgor shall not permit Mezzanine A Borrower, Mezzanine A Principal, Mezzanine B Borrower, Mezzanine B Principal, Mezzanine C Borrower, Mezzanine C Principal, Mortgage Borrower or Mortgage Principal to issue any limited liability membership interests or other securities other than those that have been issued as of the Closing Date.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)

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