Forgiveness of Debt. Cancel or otherwise forgive or release any Debt owed to it by any Person if such cancellation, forgiveness or release of such Debt would cause the Borrower to fail to comply with the Financial Covenants or have Loans outstanding in excess of the Borrowing Base unless otherwise approved by the Agent.
Appears in 3 contracts
Sources: Loan Agreement (Winthrop Realty Trust), Loan Agreement (Winthrop Realty Trust), Loan Agreement (Newkirk Master Lp)