Common use of Accommodation Obligations Clause in Contracts

Accommodation Obligations. None of Holdings, the Company or any of the Company's Subsidiaries shall directly or indirectly create or become or be liable with respect to any Accommodation Obligation, except: (a) Permitted Existing Accommodation Obligations; (b) Accommodation Obligations arising under the Loan Documents; (c) obligations, warranties and indemnities which have been or are undertaken or made in the ordinary course of business, in connection with the Transaction Documents or in connection with any sale of assets permitted under Section 9.02; (A) Accommodation Obligations of any Subsidiary of Holdings in respect of obligations of a Borrower or a Subsidiary Guarantor and (B) Accommodation Obligations of any Subsidiary of Holdings in respect of obligations of any other Subsidiary of Holdings (other than the Borrowers or the Subsidiary Guarantors) but only if the aggregate amount of such Accommodation Obligations does not exceed $17,500,000 at any time outstanding; and (e) Accommodation Obligations of the Company and Finsub pursuant to the Permitted Receivables Transaction Documents; and (f) Accommodation Obligations in respect of Indebtedness permitted under Section 9.01 or constituting a Lien permitted under Section 9.03 or an Investment permitted under Section 9.04.

Accommodation Obligations. None of HoldingsThe Loan Parties shall not, the Company or any of the Company's Subsidiaries shall directly or indirectly indirectly, create or become or be liable with respect to any Accommodation Obligation, except: (ai) Permitted Existing Accommodation Obligations; (b) Accommodation Obligations arising under the Loan Documents; (c) obligations, warranties and indemnities which have been or are undertaken or made recourse obligations resulting from endorsement of negotiable instruments for collection in the ordinary course of business, in connection with the Transaction Documents or in connection with any sale of assets permitted under Section 9.02; (Aii) the Guaranties and guaranties of the Convertible Contingent Senior Debentures; (iii) Accommodation Obligations of any Subsidiary of Holdings in respect of obligations of a Borrower or a Subsidiary Guarantor customers and suppliers in an aggregate amount not to exceed $50,000,000 at any time; (Biv) Accommodation Obligations of any Subsidiary of Holdings in respect of obligations of any other Subsidiary of Holdings (other than the Borrowers or the Subsidiary Guarantors) but only if Strategic Partners, provided that the aggregate amount of all such Accommodation Obligations made, created or assumed under this clause (iv) does not exceed $17,500,000 at any time outstanding; and10% of Net Worth; (e) Accommodation Obligations of the Company and Finsub pursuant to the Permitted Receivables Transaction Documents; and (fv) Accommodation Obligations in respect of Indebtedness owing by a Loan Party to the Borrower or any Subsidiary; (vi) Accommodation Obligations in respect of Indebtedness owing by Subsidiaries that are not Loan Parties in an aggregate amount not to exceed 5% of Net Worth; (vii) Accommodation Obligations in the ordinary course of business with respect to the loans of officers, directors and employees of a Loan Party in an aggregate amount not to exceed $15,000,000 at any time; (viii) Accommodation Obligations of the Borrower or any of its Subsidiaries arising under the Receivables Purchase Documents; and (ix) Accommodation Obligations with respect to Indebtedness of Loan Parties otherwise permitted under Section 9.01 or constituting a Lien permitted under Section 9.03 or an Investment permitted under Section 9.049.01.

Accommodation Obligations. None of HoldingsThe Loan Parties shall not, the Company or any of the Company's Subsidiaries shall directly or indirectly indirectly, create or become or be liable with respect to any Accommodation Obligation, except: (ai) Permitted Existing Accommodation Obligations; (b) Accommodation Obligations arising under the Loan Documents; (c) obligations, warranties and indemnities which have been or are undertaken or made recourse obligations resulting from endorsement of negotiable instruments for collection in the ordinary course of business, in connection with the Transaction Documents or in connection with any sale of assets permitted under Section 9.02; (Aii) the Guaranties and guaranties of the 1998 Senior Notes and the Convertible Contingent Senior Debentures; (iii) Accommodation Obligations of any Subsidiary of Holdings in respect of obligations of a Borrower or a Subsidiary Guarantor customers and suppliers in an aggregate amount not to exceed $50,000,000 at any time; (Biv) Accommodation Obligations of any Subsidiary of Holdings in respect of obligations of any other Subsidiary of Holdings (other than the Borrowers or the Subsidiary Guarantors) but only if Strategic Partners, provided that the aggregate amount of all such Accommodation Obligations made, created or assumed under this clause (iv) does not exceed $17,500,000 at any time outstanding; and10% of Net Worth; (e) Accommodation Obligations of the Company and Finsub pursuant to the Permitted Receivables Transaction Documents; and (fv) Accommodation Obligations in respect of Indebtedness owing by a Loan Party to the Borrower or any Subsidiary; (vi) Accommodation Obligations in respect of Indebtedness owing by Subsidiaries that are not Loan Parties in an aggregate amount not to exceed 5% of Net Worth; (vii) Accommodation Obligations in the ordinary course of business with respect to the loans of officers, directors and employees of a Loan Party in an aggregate amount not to exceed $15,000,000 at any time; and (viii) Accommodation Obligations with respect to Indebtedness of Loan Parties otherwise permitted under Section 9.01 or constituting a Lien permitted under Section 9.03 or an Investment permitted under Section 9.049.01.

Accommodation Obligations. None of Holdings, the Company or any of the Company's Subsidiaries shall directly or indirectly create or become or be liable with respect to any Accommodation Obligation, except: (ai) Permitted Existing Accommodation Obligations; (bii) Accommodation Obligations arising under the Loan Documents; (ciii) obligations, warranties and indemnities which have been or are undertaken or made in the ordinary course of business, in connection with the Transaction Documents or in connection with any sale of assets permitted under Section 9.02; (A) Accommodation Obligations of any Subsidiary of Holdings in respect of obligations of a Borrower or a Subsidiary Guarantor and (B) Accommodation Obligations of any Subsidiary of Holdings in respect of obligations of any other Subsidiary of Holdings (other than the Borrowers or the Subsidiary Guarantors) but only if the aggregate amount of such Accommodation Obligations does not exceed $17,500,000 at any time outstanding; and (ev) Accommodation Obligations of the Company and Finsub pursuant to the Permitted Receivables Transaction Documents; and (fvi) Accommodation Obligations in respect of Indebtedness permitted under Section 9.01 or constituting a Lien permitted under Section 9.03 or an Investment permitted under Section 9.04.