LIMITATIONS ON PROPERTIES Sample Clauses
LIMITATIONS ON PROPERTIES. Notwithstanding any other provision hereof, the Lessor shall not acquire any Property:
(i) unless such Property consists primarily of (or on completion of Construction will consist primarily of) a document storage warehouse or data protection facility to be used by the Lessee (and its permitted sublessees) in the ordinary course of its business;
(ii) if, after giving effect thereto, the total number of (A) Properties acquired by the Lessor would exceed twenty-eight (28) or (B) Construction Properties acquired by the Lessor would exceed eight (8);
(iii) if the Maximum Lease Balance for such Property is greater than $18,000,000 or less than $1,750,000 or if, after giving effect thereto, the Maximum Lease Balance for all Properties acquired by the Lessor would exceed the Total Commitment; or
(iv) if, in the case of a Construction Property, the Outside Completion Date for such Construction Property on the proposed Acquisition Date therefor would be later than the Base Date.
