PROHIBITION ON SUBORDINATE FINANCING. Except as and to the extent expressly permitted in Section 10.6, Trustor shall not incur or permit the incurring of (i) any financing in addition to the Loan that is secured by a lien, security interest or other encumbrance of any part of the Property or (ii) any pledge or encumbrance of a partnership, member or shareholder or beneficial interest in Trustor.
Appears in 1 contract
Samples: Deed of Trust, Security Agreement and Fixture Filing (Strategic Hotels & Resorts, Inc)
PROHIBITION ON SUBORDINATE FINANCING. Except as and to the extent expressly permitted in Section 10.6, Trustor shall not incur or permit the incurring of (i) any financing in addition to the Loan that is secured by a lien, security interest or other encumbrance of any part of the Property or (ii) any mezzanine financing involving any pledge or encumbrance of a partnership, member or shareholder or beneficial interest in Trustor.
Appears in 1 contract
Samples: Deed of Trust, Security Agreement and Fixture Filing (Maguire Properties Inc)
PROHIBITION ON SUBORDINATE FINANCING. Except as and to the extent expressly permitted in Section 10.6, Trustor shall not incur or permit the incurring of (i) any financing in addition to the Loan that is secured by a lien, security interest or other encumbrance of any part of the Property or (ii) any pledge or encumbrance of a partnership, member or shareholder or beneficial interest or other direct or indirect interest in TrustorTrustor (collectively “Secondary Financing”).
Appears in 1 contract
Samples: Deed of Trust, Security Agreement and Fixture Filing (Kilroy Realty, L.P.)
PROHIBITION ON SUBORDINATE FINANCING. Except as and to the extent expressly permitted in Section 10.4 or Section 10.6, Trustor shall not incur or permit the incurring of (i) any financing in addition to the Loan and the Trustor Guaranty that is secured by a lien, security interest or other encumbrance of any part of the Property or (ii) any pledge or encumbrance of a partnership, member or shareholder or beneficial interest in Trustor.
Appears in 1 contract
Samples: Deed of Trust, Security Agreement and Fixture Filing (Strategic Hotels & Resorts, Inc)
PROHIBITION ON SUBORDINATE FINANCING. Except as and to the extent expressly permitted in Section 10.6, Trustor shall not incur or permit the incurring of (i) any financing in addition to the Loan that is secured by a lien, security interest or other encumbrance of any part of the Property or (ii) any mezzanine financing, including without limitation any pledge or encumbrance of a partnership, member or shareholder or beneficial interest in Trustor.
Appears in 1 contract
Samples: Deed of Trust, Security Agreement and Fixture Filing (Maguire Properties Inc)
