Purchase Money. Liens securing Indebtedness permitted under Section 10.3.1(e); provided that (i) such Liens do not at any time encumber any property other than the property financed by such Indebtedness and (ii) the Indebtedness secured thereby does not exceed the cost or fair market value, whichever is lower, of the property being acquired on the date of acquisition;
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Centerline Holding Co), Revolving Credit and Term Loan Agreement (Chartermac)
Purchase Money. Liens securing Indebtedness permitted under that constitutes Permitted Indebtedness pursuant to Section 10.3.1(e10.3.1(b); provided that (i) such Liens do not at any time encumber any property other than the property financed by such Indebtedness Indebtedness, and (ii) the Indebtedness secured thereby does not (at the time such Indebtedness is incurred) exceed the cost or fair market value, whichever is lower, of the property being acquired on the date of acquisitionacquisition (unless such Indebtedness does not provide the creditor with recourse to the Borrowers or their respective Subsidiaries on account of any deficiency);
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Centerline Holding Co)
Purchase Money. Liens securing Indebtedness that was permitted under Section 10.3.1(e)10.3.1(e)of the Original Agreement; provided that (i) such Liens do not at any time encumber any property other than the property financed by such Indebtedness and (ii) the Indebtedness secured thereby does not exceed the cost or fair market value, whichever is lower, of the property being acquired on the date of acquisition;
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Centerline Holding Co)