Other Borrowings Clause Samples

Other Borrowings. Incur, except for unsecured trade payables ---------------- incurred in the ordinary course of business relating to the ownership and operation of the Facility which do not exceed, at any time, a maximum amount of one percent (1%) of the Loan Amount and are paid within ninety (90) days of the date incurred, create, assume, become or be liable in any manner with respect to Other Borrowings. Notwithstanding the foregoing, Operator may in good faith contest Operator's obligation to pay such trade payables in a manner satisfactory to Lender (which may include Lender's requirement that Operator post security with respect to the contested trade payable (such security not to exceed one hundred and twenty-five percent (125%) of the amount of the claim being contested)).

Other Borrowings. Incur, unsecured trade payables (not evidenced by a promissory note) incurred in the ordinary course of business relating to the ownership and operation of the applicable Borrower’s and Operating Lessee’s Individual Properties which when aggregated with the unsecured trade payables of all other Borrowers and Operating Lessee do not exceed, at any time, a maximum amount of two and one-half percent (2.5%) of the Loan Amount and are paid within sixty (60) days of the date incurred, create, assume, become or be liable in any manner with respect to Other Borrowings.

Other Borrowings. Incur, create, assume, become or be liable or allow any member of the Borrower Control Group to become or be liable in any manner with respect to Other Borrowings, except the Indebtedness, the Permitted Indebtedness and any Transaction Costs payable in connection with the Transactions.

Other Borrowings. Borrow from any person or entity other than Lender, whether such borrowing is secured or unsecured.

Other Borrowings. Incur, unsecured trade payables (not evidenced by a promissory note) incurred in the ordinary course of business relating to the ownership and operation of the applicable Borrower's Individual Properties which when aggregated with the unsecured trade payables of all other Borrowers do not exceed, at any time, a maximum amount of two and one-half percent (2.5%) of the Loan Amount and are paid within sixty (60) days of the date incurred, create, assume, become or be liable in any manner with respect to Other Borrowings.

Other Borrowings. Incur, unsecured trade payables and operational debt (not evidenced by a promissory note) incurred in the ordinary course of business relating to the ownership and operation of the applicable Borrower’s and Operating Lessee’s Individual Properties which when aggregated with the unsecured trade payables of all other Borrowers and Operating Lessee do not exceed, at any time, a maximum amount of two percent (2.0%) of the Loan Amount and are paid within sixty (60) days of the date incurred, create, assume, become or be liable in any manner with respect to Other Borrowings, other than the FF&E Financing.

Other Borrowings. Incur, except for the FBTC Debt and unsecured ---------------- trade payables incurred in the ordinary course of business relating to the ownership and operation of the Facility which do not exceed, at any time, a maximum amount of Ten Thousand Dollars ($10,000) and are paid within ninety (90) days of the date incurred, create, assume, become or be liable in any manner with respect to Other Borrowings. Notwithstanding the foregoing, Borrower may in good faith contest Borrower's obligation to pay such trade payables in a manner satisfactory to Lender (which may include Lender's requirement that Borrower post security with respect to the contested trade payable (such security not to exceed one hundred and twenty-five percent (125%) of the amount of the claim being contested)).

Other Borrowings. Incur, except for unsecured trade payables incurred in the ordinary course of business relating to the ownership and operation of Borrower's Facility which do not exceed, at any time, a maximum amount of three percent (3%) of the Loan Amount and are paid within ninety (90) days of the date incurred, create, assume, become or be liable in any manner with respect to Other Borrowings.

Other Borrowings. The obligation of any Lender to make a Loan on the occasion of any Borrowing for a purpose other than those specified in Section 3.02 is subject to the satisfaction of the following conditions: (a) the fact that the Closing Date shall have occurred on or before August 26, 1998; (b) receipt by the Administrative Agent of a Notice of Borrowing as required by Section 2.02; (c) the fact that, immediately before and after such Borrowing, no Default shall have occurred and be continuing; and (d) the fact that the representations and warranties of the Borrower contained in this Agreement (except, in the case of any Borrowing made on a date subsequent to the Closing Date, the representation and warranty set forth in Section 4.04(c)) shall be true on and as of the date of such Borrowing. Each Borrowing hereunder shall be deemed to be a representation and warranty by the Borrower on the date of such Borrowing as to the facts specified in the foregoing clauses 3.03(c) and 3.03(d).