Common use of Property Manager Not to Pledge Owner's Credit Clause in Contracts

Property Manager Not to Pledge Owner's Credit. Property Manager shall not pledge the credit of Owner without Owner's prior written consent. Property Manager shall not, in the name or on behalf of Owner, borrow any money or execute any promissory note, installment purchase agreement, xxxx of exchange or other obligation.

Appears in 3 contracts

Samples: Property Management Agreement (Burnham Pacific Properties Inc), Property Management Agreement (Burnham Pacific Properties Inc), Operating Agreement (Burnham Pacific Properties Inc)

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Property Manager Not to Pledge Owner's Credit. Property Manager shall not pledge the credit of Owner without Owner's ’s prior written consent. Property Manager shall not, in the name or on behalf of Owner, borrow any money or execute any promissory note, installment purchase agreement, xxxx of exchange or other obligation.

Appears in 1 contract

Samples: Contribution Agreement (Digital Realty Trust, Inc.)

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