Common use of Incurrence of Expenses Clause in Contracts

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.

Appears in 1 contract

Sources: Mezzanine Loan Agreement (OVERSTOCK.COM, Inc)

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€Œ

Appears in 1 contract

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.

Appears in 1 contract

Sources: Mezzanine Loan Agreement (Morgans Hotel Group Co.)