Common use of Unpermitted Financing Clause in Contracts

Unpermitted Financing. So long as Tenant is not in default and is entitled to continue to receive a share of Net Proceeds in accordance with Addendum #3 and/or to exercise a Purchase Option in accordance with Addendum #4, Landlord agrees not to use the Premises or any portion thereof to secure any indebtedness other than:

Appears in 3 contracts

Samples: Option Agreement (Polycom Inc), Agreement (Picturetel Corp), Picturetel Corp

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Unpermitted Financing. So long as Tenant is not in default and is entitled to continue to receive a share of Net Proceeds in accordance with Addendum #3 and/or to exercise a Purchase Option in accordance with Addendum #43, Landlord agrees not to use the Premises or any portion thereof to secure any indebtedness other than:

Appears in 1 contract

Samples: Lease (Cabletron Systems Inc)

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