Examples of Debt Limitations in a sentence
In addition, with respect to any debt agreements applicable to the Property that are amended, restated, supplemented or entered into after the date hereof, Owner shall use commercially reasonable efforts to ensure that no Debt Limitations shall be applicable to the Property thereafter.
If the unpaid principal and interest are not paid on the Extended Maturity Date because of the Senior Debt Limitations, the Seller shall have the right to require Spinnaker Industries, Inc.
Any breach of Condition 5.1 (Limitation on Indebtedness) occurs, provided that no Event of Default under this Condition 11.1(b) (Breach of Debt Limitations) will occur if the Trustee considers such breach to be capable of remedy and it is remedied within 45 Business Days (or such longer period as the Trustee may permit) of the Issuer being given notice thereof or of the Issuer becoming aware of the failure to comply.
Subject to any limitations established in the documents creating the Senior Debt (as defined in paragraph 3) (the "Senior Debt Limitations"), the Company shall repay $1,000,000 of the original principal amount of this Note, together with all accrued and unpaid interest thereon on December 31, 1998.
If the unpaid principal and accrued interest are not paid on the Maturity Date because of the Senior Debt Limitations, the Maturity Date shall be extended to December 31, 2000 (the "Extended Maturity Date").
The Holding Company’s written request for non-objection shall be submitted to the Regional Director at least forty-five (45) days prior to the anticipated date of the proposed dividend payment or distribution of capital.Superior BancorpOrder to Cease and DesistPage 6 of 12 Debt Limitations.