No Additional Debt. No Borrower shall, without the prior written consent of Lender, incur any indebtedness (whether personal or nonrecourse, secured or unsecured) in connection with the Project owned by it, other than customary trade payables paid within sixty (60) days after they are incurred.
Appears in 2 contracts
Samples: Loan Agreement (Cole Credit Property Trust III, Inc.), Loan Agreement (Cole Credit Property Trust III, Inc.)
No Additional Debt. No Borrower shallshall not, without the prior written consent of Lender, incur any indebtedness (whether personal or nonrecourse, secured or unsecured) in connection with the Project owned by itProject, as opposed to debt in connection with Borrower’s operation of its business in the Project, other than customary trade payables paid within sixty (60) days after they are incurred.
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No Additional Debt. No Borrower shallshall not, without the prior written consent of Lender, incur any indebtedness (whether personal or nonrecourse, secured or unsecured) in connection with the Project owned by itProject, as opposed to debt in connection with Borrower's operation of its business in the Project, other than customary trade payables paid within sixty (60) days after they are incurred.
Appears in 1 contract
Samples: Loan Agreement (Applied Epi Inc)
No Additional Debt. No The Borrower shallshall not, without the prior written consent of Lenderall Lenders, incur any indebtedness Indebtedness (whether personal or nonrecourse, secured or unsecured) in connection with the Project owned by it, other than the Obligations, customary trade payables paid within sixty (60) days after they are incurred, and other contracts appropriate to completion of construction of the Project and not relating to borrowed money.
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No Additional Debt. No Borrower shallshall not, without the prior written consent of Lender, incur any indebtedness (whether personal or nonrecourse, secured or unsecured) in connection with the Project owned by itProject, other than customary trade payables paid within sixty (60) days after they are incurred.. Loan Agreement
Appears in 1 contract
Samples: Loan Agreement (Netreit)