Non-Recourse Debt. the Borrower shall ensure that the aggregate amount of outstanding Non-Recourse Debt of the Borrower and the other Loan Parties (determined on a consolidated basis) shall not exceed an amount equal to 2.5% of the Consolidated Tangible Assets of the Trust as shown on the most recent consolidated financial statements of the Trust provided to the Lenders hereunder.
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Non-Recourse Debt. the Borrower shall ensure that the aggregate amount of outstanding Non-Recourse Debt of the Borrower and the other Loan Parties (determined on a consolidated basis) shall not exceed an amount equal to 2.5% of the Consolidated Tangible Assets of the Trust Borrower as shown on the most recent consolidated financial statements of the Trust Borrower provided to the Lenders hereunder.
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Non-Recourse Debt. the Borrower shall ensure that the aggregate outstanding amount of outstanding Non-Recourse Debt of the Borrower and its Subsidiaries, other than the other Loan Parties (determined on a consolidated basis) Lindbergh Non-Recourse Debt, shall not exceed an amount equal to 2.5% of the Consolidated Tangible Assets of the Trust Borrower as shown on the most recent consolidated financial statements of the Trust Borrower provided to the Lenders hereunder."
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Non-Recourse Debt. the Borrower shall ensure that the aggregate outstanding amount of outstanding Non-Recourse Debt of the Borrower and its Subsidiaries, other than the other Loan Parties (determined on a consolidated basis) Lindbergh Non-Recourse Debt, shall not exceed an amount equal to 2.5% of the Consolidated Tangible Assets of the Trust Borrower as shown on the most recent consolidated financial statements of the Trust Borrower provided to the Lenders hereunder.
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