Common use of No Modification of Security; Additional Indebtedness Clause in Contracts

No Modification of Security; Additional Indebtedness. The Issuer covenants that it will not, without the written consent of the Trustee and the Credit Facility Provider, alter, modify or cancel, or agree to consent to alter, modify or cancel any agreement to which the Issuer is a party, or which has been assigned to the Issuer, and which relates to or affects the security for the Bonds or the payment of any amount owed to the Credit Facility Provider. The Issuer further covenants not to create or suffer to be created any lien upon the Trust Estate or any part thereof other than the lien created hereby and by the Bond Mortgage and the Reimbursement Mortgage without the prior written consent of the Credit Facility Provider.

Appears in 1 contract

Sources: Trust Indenture

No Modification of Security; Additional Indebtedness. The Issuer covenants that it will not, without the written consent of the Trustee and Trustee, the Credit Facility ProviderProvider and the Construction Lender, alter, modify or cancel, or agree to consent to alter, modify or cancel any agreement to which the Issuer is a party, or which has been assigned to the Issuer, and which relates to or affects the security for the Bonds or the payment of any amount owed to the Credit Facility Provider. The Issuer further covenants not to create or suffer to be created any lien upon the Trust Estate or any part thereof other than the lien created hereby and by the Bond Mortgage and the Reimbursement Mortgage without the prior written consent of the Credit Facility ProviderProvider and the Construction Lender.

Appears in 1 contract

Sources: Trust Indenture