Common use of Other Debt and Obligations Clause in Contracts

Other Debt and Obligations. Borrower has no financial obligation under any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which Borrower is a party, or by which Borrower or any Facility is bound, and other than unsecured trade payables incurred in the ordinary course of business relating to the ownership and operation of the Facilities which do not exceed, at any time, a maximum amount of $250,000 (with respect to each Facility) and are paid within sixty (60) days of the date incurred, and other than obligations under the Deeds of Trust and the other Loan Documents, and other than the Permitted Encumbrances. Borrower has not borrowed or received other debt financing that has not been heretofore repaid in full and Borrower has no known material contingent liabilities.

Appears in 1 contract

Samples: Loan Agreement (Burnham Pacific Properties Inc)

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Other Debt and Obligations. Borrower has no financial obligation under any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which Borrower is a party, or by which Borrower or any its Facility is bound, and other than unsecured trade payables incurred in the ordinary course of business relating to the ownership and operation of the Facilities its Facility which do not exceed, at any time, a maximum amount of $250,000 (with respect to each Facility) and are paid within sixty (60) days of the date incurred, and other than obligations under the Deeds of Trust Mortgage and the other Loan Documents, and other than the Permitted Encumbrances. Borrower has not borrowed or received other debt financing that has not been heretofore repaid in full and Borrower has no known material contingent liabilities.

Appears in 1 contract

Samples: Loan Agreement (Burnham Pacific Properties Inc)

Other Debt and Obligations. Borrower has no financial -------------------------- obligation under any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which Borrower is a party, or by which Borrower or any Facility is bound, and other than unsecured trade payables incurred in the ordinary course of business relating to the ownership and operation of the Facilities such Facility which do not exceed, at any time, exceed a maximum amount of $250,000 one percent (with respect to each Facility1%) of the Loan Amount and are paid within sixty thirty (6030) days of the date incurred, and other than obligations under the Deeds of Trust Mortgage and the other Loan Documents, and other than the Permitted Encumbrances. Borrower has not borrowed or received other debt financing that has not been heretofore repaid in full and Borrower has no known material contingent liabilities.

Appears in 1 contract

Samples: Loan Agreement (G&l Realty Corp)

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Other Debt and Obligations. Borrower has no financial obligation under any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which Borrower is a party, or by which Borrower or any its Facility is bound, and other than unsecured trade payables incurred in the ordinary course of business relating to the ownership and operation of the Facilities its Facility which do not exceed, at any time, a maximum amount of $250,000 one percent (with respect to each Facility1%) of the Loan Amount and are paid within sixty thirty (6030) days of the date incurred, and other than obligations under the Deeds of Trust Mortgage and the other Loan Documents, and other than the Permitted Encumbrances. Borrower has not borrowed or received other debt financing that has not been heretofore repaid in full and Borrower has no known material contingent liabilities.

Appears in 1 contract

Samples: Loan Agreement (Mark Centers Trust)

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