Indebtedness. Create, incur, assume or suffer to exist any Indebtedness unless # no Event of Default has occurred and is continuing immediately before and after the incurrence of such Indebtedness and # immediately after giving effect to the incurrence of such Indebtedness, the REIT and its Subsidiaries shall be in compliance, on a Pro Forma Basis, with the provisions of [Section 7.11].
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