Nonrecourse Indebtedness. Any of the following events shall occur with respect to any Extension of Credit that is Nonrecourse Indebtedness, owing by Borrower, Parent or any Significant Subsidiary, and having an aggregate outstanding principal amount equal to or greater than three percent (3%) of Gross Asset Value for the quarter most recently ended as reported on the Compliance Certificate for such quarter:
Appears in 3 contracts
Samples: Unsecured Term Loan Agreement (CBL & Associates Properties Inc), Loan Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc)
Nonrecourse Indebtedness. Any of the following events shall occur with respect to any Extension of Credit that is Nonrecourse Indebtedness, owing by Borrower, Parent or any Significant Subsidiary, and having an aggregate outstanding principal amount equal of $200,000,000 or more:
(A) Failure to Pay. Borrower, Parent or greater than three percent (3%) any Significant Subsidiary shall fail to pay when due and payable the principal of, or interest on, such Extension of Gross Asset Value for the quarter most recently ended as reported on the Compliance Certificate for such quarter:Credit; or
Appears in 1 contract
Samples: Unsecured Credit Agreement (CBL & Associates Properties Inc)
Nonrecourse Indebtedness. Any of the following events shall occur with respect to any Extension of Credit that is Nonrecourse Indebtedness, owing by Borrower, Parent or any Significant Subsidiary, and having an aggregate outstanding principal amount equal to or greater than three percent (3%) of Gross Asset Value for the quarter most recently ended as reported on the Compliance Certificate for such quarter:: exhibit10175a.htm
Appears in 1 contract
Samples: Unsecured Credit Agreement (CBL & Associates Properties Inc)
