Common use of No Material Obligation Clause in Contracts

No Material Obligation. Neither Megaplex Owner nor Archon SPE Holdings have any material financial obligation under any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which such Person is a party or by which such Person or its Properties is otherwise bound, other than (a) obligations incurred in the ordinary course of the operation of such Person's Properties and (b) obligations identified on Schedule 8.16(a).

Appears in 2 contracts

Samples: Credit Agreement (Entertainment Properties Trust), Credit Agreement (Entertainment Properties Trust)

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