Incurrence of Expenses. Borrower shall cause Owner not to incur any operating expense, Capital Expense, leasing expense or other expense unless it is an Approved Operating Expense, Approved Capital Expense or Approved Leasing Expense.
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Incurrence of Expenses. Borrower shall cause Owner not to incur any operating expense, Capital Expense, leasing expense or other expense unless it is an Operating Expense set forth in the Approved Operating ExpenseBudget, an Approved Extraordinary Operating Expense or an Approved Capital Expense or Approved Leasing Expense.Expense.β
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Sources: Mezzanine Loan Agreement
Incurrence of Expenses. Borrower shall cause Owner not to incur any operating expense, Capital Expense, leasing expense or other expense unless it is an Approved Operating Expense, Approved Capital CapEx/FF&E Expense or Approved Leasing Renovation/Re-Branding Expense.
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