Calley Realty Resources, Inc., a Delaware corporation, has a…
Calley Realty Resources, Inc., a Delaware corporation, has a strong cash flow and is well capitalized, together with an exceptionally strong balance sheet (consisting of actual assets, as opposed to accounting outcomes and devices). Calley’s strongest property is Congress Corners, a luxury residential community. As part of the total collateral package BancZiegler includes in its Lending Agreement a promise by Calley that it will not encumber Congress to a third party without BancZiegler’s advance written consent. That promise is a type of: (Select one answer only.)
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