Limitation on Certain Agreements. Each of the Parent and the Borrower will not, and will not permit their respective Subsidiaries to, enter into, assume or otherwise become subject to any agreement (i) restricting their ability to ▇▇▇▇▇ ▇ ▇▇▇▇ on their property (except with respect to (A) those properties which are the subject of mortgage financing permitted under Section 6.10(f) hereof, so long as such restrictions do not prohibit the granting of liens on any property other than the applicable property securing the Funded Debt permitted under Section 6.10(f)), (B) the sale of a Subsidiary or assets pending such sale; provided that in any such case the restrictions apply only to the Subsidiary or the assets that are the subject of such sale, or (C) any agreement (including, without limitation, the Combined Facility) that evidences unsecured Indebtedness which contains restrictions on encumbering property that are substantially similar to those restrictions contained in this Agreement or the other Credit Documents) or (ii) restricting the ability of the Subsidiaries to give a guaranty of the loans and obligations hereunder, in each case other than the Combined Facility.
Appears in 1 contract
Sources: Term Loan Agreement (Healthcare Trust of America Holdings, LP)
Limitation on Certain Agreements. Each of the Parent and the Borrower will not, and will not permit their respective Subsidiaries to, enter into, assume or otherwise become subject to any agreement (i) restricting their ability to ▇▇▇▇▇ ▇ ▇▇▇▇ on their property (except with respect to (A) those properties which are the subject of mortgage financing permitted under Section 6.10(f) hereof, so long as such restrictions do not prohibit the granting of liens on any property other than the applicable property securing the Funded Debt permitted under Section 6.10(f)), (B) the sale of a Subsidiary or assets pending such sale; provided that in any such case the restrictions apply only to the Subsidiary or the assets that are the subject of such sale, or (C) any agreement (including, without limitation, the Combined FacilityJPM Asset Sale Agreement) that evidences unsecured Indebtedness which contains restrictions on encumbering property that are substantially similar to those restrictions contained in this Agreement or the other Credit Documents) , or (ii) restricting the ability of the Subsidiaries to give a guaranty of the loans and obligations hereunder, in each case hereunder (other than the Combined FacilityJPM Asset Sale Agreement).
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Healthcare Realty Holdings, L.P.)