Common use of More Restrictive Agreements Clause in Contracts

More Restrictive Agreements. Without limiting the terms of Section 8.1, should the Borrower or any Guarantor enter into or modify any agreements or documents pertaining to any existing or future Indebtedness, Debt Offering or Equity Offering, which agreements or documents include covenants (whether affirmative or negative), warranties, representations, -45- 52 defaults or events of default (or any other provision which may have the same practical effect as any of the foregoing) which are individually or in the aggregate more restrictive against the Borrower, any Guarantor or their respective Subsidiaries than those set forth herein or in any of the other Loan Documents, the Borrower shall promptly notify the Agent and, if requested by Majority Banks, the Borrower, the Agent and the Majority Banks shall (and, if applicable, the Borrower shall cause the Guarantors to) promptly amend this Agreement and the other Loan Documents to include some or all or such more restrictive provisions as determined by the Majority Banks in their sole discretion.

Appears in 1 contract

Samples: Revolving Credit Agreement (New Plan Excel Realty Trust Inc)

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More Restrictive Agreements. Without limiting the terms of Section 8.1, should the Borrower or any Guarantor enter into or modify any agreements or documents pertaining to any existing or future Indebtedness, Debt Offering or Equity Offering, which agreements or documents include covenants (whether affirmative or negative), warranties, representations, -45- 52 defaults or events of default (or any other provision which may have the same practical effect as any of the foregoing) which are individually or in the aggregate more restrictive against the Borrower, any Guarantor or their respective Subsidiaries than those set forth herein or in any of the other Loan Documents, the Borrower shall promptly notify the Agent and, if requested by Majority Banks, the Borrower, the Agent and the Majority Banks shall (and, if applicable, the Borrower shall cause the Guarantors to) promptly amend this Agreement and the other Loan Documents to include some or all or such more restrictive provisions as determined by the Majority Banks in their sole discretion.

Appears in 1 contract

Samples: Revolving Credit Agreement (Excel Realty Trust Inc)

More Restrictive Agreements. Without limiting the terms of Section 8.1, should the Borrower or any Guarantor enter into or modify any agreements or documents pertaining to any existing or future Indebtedness, Debt Offering or Equity Offering, which agreements or 55 documents include covenants (whether affirmative or negative), warranties, representations, -45- 52 defaults or events of default (or any other provision which may have the same practical effect as any of the foregoing) which are individually or in the aggregate more restrictive against the Borrower, any Guarantor or their respective Subsidiaries than those set forth herein or in any of the other Loan Documents, the Borrower shall promptly notify the Agent and, if requested by Majority Banks, the Borrower, the Agent and the Majority Banks shall (and, if applicable, the Borrower shall cause the Guarantors to) promptly amend this Agreement and the other Loan Documents to include some or all or such more restrictive provisions as determined by the Majority Banks in their sole discretion.

Appears in 1 contract

Samples: Revolving Credit Agreement (Price Legacy Corp)

More Restrictive Agreements. Without limiting the terms of Section 8.1ofss.8.1, should the Borrower or any Guarantor the Guarantor, as the case may be, enter into or modify any agreements or documents pertaining to any existing or future Indebtedness, Debt Offering or Equity Offering, which agreements or documents include covenants (whether affirmative or negative), warranties, representations, -45- 52 defaults or events of default (or any other provision which may have the same practical effect as any of the foregoing) which are individually or in the aggregate more restrictive against the BorrowerBorrower or the Guarantor, any Guarantor or their respective Subsidiaries as the case may be, than those set forth herein or in any of the other Loan Documents, the Borrower shall promptly notify the Agent and, if requested by the Majority BanksLenders, the Borrower, the Agent Agent, and the Majority Banks Lenders shall (and, and if applicable, the Borrower shall cause the Guarantors Guarantor to) promptly amend this Agreement and the other Loan Documents to include some or all or of such more restrictive provisions as determined by the Majority Banks Lenders in their sole discretion.

Appears in 1 contract

Samples: Revolving Credit Agreement (Wellsford Real Properties Inc)

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More Restrictive Agreements. Without limiting the terms of Section 8.1, should Should the Borrower or the Guarantor or any Guarantor of their respective Subsidiaries enter into or modify any agreements or documents pertaining to any existing or future Indebtedness, Debt Offering or Equity OfferingIndebtedness permitted by Sect. 8.1(h), which agreements or documents include covenants (whether affirmative or negative), warranties, representations, -45- 52 defaults or events of default (or any other provision which may have the same practical effect as any of the foregoing) which are individually or in the aggregate more restrictive against the Borrower, any the Guarantor or their respective Subsidiaries than those set forth herein or in any of the other Loan Documents, the Borrower shall promptly notify the Agent and, if requested by the Agent or the Majority Banks, the Borrower, the Agent Agent, and the Majority Banks shall (and, if applicable, the Borrower shall cause the Guarantors to) promptly amend this Agreement and the other Loan Documents to include some or all or of such more restrictive provisions as determined by the Agent or the Majority Banks in their sole discretion., and the Borrower shall cause the Guarantor to consent to such amendment. ;

Appears in 1 contract

Samples: Revolving Credit Agreement and Guaranty (Storage Trust Realty)

More Restrictive Agreements. Without limiting the terms of Section 8.1, should the Borrower or any the Guarantor enter into or modify any agreements or documents pertaining to any existing or future Indebtedness, Debt Offering or Equity Offering, which agreements or documents include covenants (whether affirmative or negative), warranties, representations, -45- 52 defaults or events of default (or any other provision which may have the same practical effect as any of the foregoing) which are individually or in the aggregate more restrictive against the Borrower, any the Guarantor or their respective Subsidiaries than those set forth herein or in any of the other Loan Documents, the Borrower shall promptly notify the Agent and, if requested by the Majority Banks, the Borrower, the Agent Agent, and the Majority Banks shall (and, and if applicable, the Borrower shall cause the Guarantors Guarantor to) promptly amend this Agreement and the other Loan Documents to include some or all or of such more restrictive provisions as determined by the Majority Banks in their sole discretion.

Appears in 1 contract

Samples: Revolving Credit Agreement (Wellsford Real Properties Inc)

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