PROHIBITION ON SUBORDINATE FINANCING. (a) Except as set forth below in this Section, Grantor shall not incur or permit the incurring of (i) any financing (other than equipment leases) 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 any constituent who is a controlling member of Grantor of its interest in Grantor.
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Samples: Defined Terms (Wells Real Estate Investment Trust Inc), Security Agreement (Wells Real Estate Investment Trust Inc)
PROHIBITION ON SUBORDINATE FINANCING. (a) Except as set forth below in this Section, Grantor shall not incur or permit the incurring of (i) any financing (other than equipment leases) 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 any constituent who is a controlling partnership, member of Grantor of its or shareholder or beneficial interest in Grantor.
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Samples: Koger Equity Inc
PROHIBITION ON SUBORDINATE FINANCING. (a) Except as set forth below in this Section, Grantor shall not incur or ------------------------------------- permit the incurring of (i) any financing (other than equipment leases) 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 any constituent who is a controlling member of Grantor of its interest in Grantor.
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