Property Entity Debt Financing Sample Clauses

Property Entity Debt Financing. It is anticipated the Financing for the acquisition of an Owned Property will be incurred by the Property Entity acquiring or owning the Owned Property. In order to accommodate the intent of this Agreement, the Partnership, each REIT Entity and each Property Entity will use their commercially reasonable efforts to insure that the loans on all Owned Properties will permit the following: (a) a purchase or sale by Inland of an Owned Property, or a purchase or sale by Inland or PGGM PRE Fund of a Partnership Interest without the due on sale loan provisions being triggered and without paying a prepayment penalty or assumption fee; (b) the assumption of the loan by the Limited Partner purchasing an Owned Property or the other Limited Partner’s Partnership Interest; and (c) the release of the applicable Property Entity and REIT Entity from their obligations on the loan in either of the events in (a) or (b) above.