No Additional Debt. Except for the Loan, no Borrower shall incur any indebtedness (whether personal or nonrecourse, secured or unsecured) other than customary trade payables paid within sixty (60) days after they are incurred and equipment and vehicle lease financing in the ordinary course of business.
Appears in 3 contracts
Samples: Secured Loan Agreement (Sentio Healthcare Properties Inc), Secured Loan Agreement (Sentio Healthcare Properties Inc), Secured Loan Agreement (Sentio Healthcare Properties Inc)
No Additional Debt. Except for the Loan, no Borrower shall not incur any indebtedness (whether personal or nonrecourse, secured or unsecured) other than customary trade payables paid within sixty (60) days after they are incurred and equipment and vehicle lease financing in the ordinary course of businessincurred.
Appears in 3 contracts
Samples: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Wellsford Real Properties Inc)
No Additional Debt. Except for the Loan, no Borrower Borrowers shall not incur any indebtedness (whether personal or nonrecourse, secured or unsecured) other than customary trade payables paid within sixty (60) days after they are incurred and equipment and vehicle lease financing in the ordinary course of businessincurred.
Appears in 2 contracts
Samples: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\)
No Additional Debt. Except for the Loan, no Borrower shall neither incur nor guarantee any indebtedness (whether personal or nonrecourse, secured or unsecured) other than customary trade payables paid within sixty (60) days after they are incurred and equipment and vehicle lease financing in the ordinary course of businessincurred.
Appears in 2 contracts
Samples: Construction Loan Agreement (Bluerock Residential Growth REIT, Inc.), Loan Agreement (New England Realty Associates Limited Partnership)
No Additional Debt. Except for the Loan, no Borrower shall not incur any indebtedness (whether personal or nonrecourse, secured or unsecured) other than customary trade payables paid within sixty ninety (6090) days after they are incurred and equipment and vehicle lease financing in the ordinary course of businessincurred.
Appears in 2 contracts
Samples: Construction Loan Agreement, Construction Loan Agreement (Dupont Fabros Technology, Inc.)
No Additional Debt. Except for the Loan, no Borrower shall neither -------------------- incur nor guarantee any indebtedness (whether personal or nonrecourse, secured or unsecured) other than customary trade payables paid within sixty (60) days after they are incurred and equipment and vehicle lease financing in the ordinary course of businessincurred.
Appears in 1 contract
Samples: Construction Loan Agreement (American Leisure Holdings, Inc.)
No Additional Debt. Except for the Loan, no Borrower shall not incur any indebtedness (whether personal or nonrecourse, secured or unsecured) other than secured, non-recourse equipment financing and customary trade payables paid within sixty (60) days after they are incurred and equipment and vehicle lease financing in the ordinary course of businessincurred.
Appears in 1 contract
Samples: Construction Loan Agreement (Medical Properties Trust Inc)
No Additional Debt. Except for the Loan, no Borrower shall not incur any indebtedness (whether personal recourse or nonrecourse, secured or unsecured) other than customary trade payables paid within sixty (60) days after they are incurred and equipment and vehicle lease financing in the ordinary course of businessincurred.
Appears in 1 contract
No Additional Debt. Except for the Loan and the Construction Loan, no Borrower shall not incur any indebtedness (whether personal or nonrecourse, secured or unsecured) other than customary trade payables paid within sixty (60) days after they are incurred and equipment and vehicle lease financing in the ordinary course of businessincurred.
Appears in 1 contract
Samples: Development Loan Agreement (Wellsford Real Properties Inc)
No Additional Debt. Except for the Loan, no Borrower shall incur any indebtedness (whether personal or nonrecourse, secured or unsecured) other than customary trade payables paid within sixty (60) days after they are incurred and equipment and vehicle lease financing in the ordinary course of businessincurred.
Appears in 1 contract
Samples: Loan Agreement (Emeritus Corp\wa\)
No Additional Debt. Except for the Loan and the Development Loan, no Borrower shall not incur any indebtedness (whether personal or nonrecourse, secured or unsecured) other than customary trade payables paid within sixty (60) days after they are incurred and equipment and vehicle lease financing in the ordinary course of businessincurred.
Appears in 1 contract
Samples: Construction Loan Agreement (Wellsford Real Properties Inc)
No Additional Debt. Except for the Loan, no Borrower shall not incur ------------------ any indebtedness (whether personal or nonrecourse, secured or unsecured) other than customary trade payables paid within sixty (60) days after they are incurred and equipment and vehicle lease financing in the ordinary course of businessincurred.
Appears in 1 contract
