Common use of Permitted Unsecured Debt Restrictions Clause in Contracts

Permitted Unsecured Debt Restrictions. Notwithstanding anything in this Agreement to the contrary, (a) no Unencumbered Pool Asset Owner or Hybrid Lease Fee Owner shall, while its Real Estate is included as an Unencumbered Pool Asset, create or incur or suffer to be created or incurred or to exist any Lien other than Liens contemplated in §§8.3(i)(A), (iv), (vii), (ix), (xi) and (xii), and (b) no Guarantor shall create or incur, or suffer to be created or incurred or to exist, any Lien other than Liens described in §§8.3(i)(A), (ii), (iv) (to the extent and with respect to any Unencumbered Pool Property owned by such Guarantor), (v), (vi), (vii), (ix), (xi) and (xii).

Appears in 2 contracts

Sources: Term Credit Agreement, Term Credit Agreement (STORE CAPITAL Corp)