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Common use of Secured Recourse Indebtedness Clause in Contracts

Secured Recourse Indebtedness. As of any date of determination, any Indebtedness of any Person that is both Secured Indebtedness and Recourse Indebtedness.

Appears in 6 contracts

Sources: Credit Agreement (Plymouth Industrial REIT, Inc.), Term Loan Credit Agreement (Plymouth Industrial REIT, Inc.), Credit Agreement (Plymouth Industrial REIT, Inc.)

Related Clauses

  • Non-Recourse Indebtedness
  • Secured Indebtedness
  • Investments; Indebtedness
  • Intercompany Indebtedness
  • Guaranty Obligations

Parent Clauses

  • Financial Covenants
  • NEGATIVE COVENANTS
  • AFFIRMATIVE COVENANTS
  • Funds Transfer Disbursements
  • Affected Financial Institution

Sub-Clauses

  • Release of Guarantors
  • Addition of Unencumbered Properties
  • Withdrawal of Unencumbered Properties
  • Additional Guarantors
  • Maximum Unencumbered Property Pool Leverage Ratio
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