Accommodation Obligations. None of the Borrowers or any of the ------------------------- Restricted 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 Transaction Documents; (c) obligations, warranties and indemnities, not with respect to Indebtedness of any Person, which have been or are undertaken or made in the ordinary course of business and not for the benefit of or in favor of an Affiliate of the Borrowers or any of the Borrowers' Subsidiaries; (d) Accommodation Obligations of (i) the Company in respect of any Subsidiary of the Company that is a Loan Party or of any such Loan Party in respect of the Company or any other such Loan Party or (ii) the Loan Parties in respect of any other Subsidiary of the Company that is not a Loan Party or of any Permitted Joint Venture, which Accommodation Obligations shall not cause (together with any Investments made pursuant to Section 9.04(d) and any Permitted Acquisitions made pursuant to clause --------------- (iii) of the definition thereof) the Maximum Subsidiary/Joint Venture Investment Amount to exceed $40,000,000 in the aggregate at any time; and (e) Accommodation Obligations of any Subsidiary of such Borrower in respect of obligations of such Borrower.
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Accommodation Obligations. None of the Borrowers or any of the ------------------------- Restricted 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 and the other Transaction DocumentsDocuments (as defined in the Original Credit Agreement);
(c) obligations, warranties and indemnities, not with respect to Indebtedness of any Person, which have been or are undertaken or made in the ordinary course of business and not for the benefit of or in favor of an Affiliate of the Borrowers or any of the Borrowers' ’ Subsidiaries;
(d) Accommodation Obligations of (i) the Company in respect of any Subsidiary of the Company that is a Loan Party (other than an Immaterial Subsidiary Guarantor) or of any such Loan Party in respect of the Company or any other such Loan Party or (ii) the Loan Parties (other than the Immaterial Subsidiary Guarantors) in respect of any other Subsidiary of the Company that is an Immaterial Subsidiary Guarantor or that is not a Loan Party or of any Permitted Joint Venture, which Accommodation Obligations shall not cause (together with any Investments made pursuant to Section 9.04(d9.4(d) and any Permitted Acquisitions made pursuant to clause --------------- (iii) of the definition thereof) the Maximum Subsidiary/Joint Venture Investment Amount to exceed $40,000,000 in the aggregate at any time; and
(e) Accommodation Obligations of any Subsidiary of such Borrower in respect of obligations of such Borrower.
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Sources: Credit Agreement (It Group Inc)
Accommodation Obligations. None of the Borrowers or any of ------------------------- the ------------------------- Restricted 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 Transaction Documents;
(c) obligations, warranties and indemnities, not with respect to Indebtedness of any Person, which have been or are undertaken or made in the ordinary course of business and not for the benefit of or in favor of an Affiliate of the Borrowers or any of the Borrowers' Subsidiaries;
(d) Accommodation Obligations of (i) the Company in respect of any Subsidiary of the Company that is a Loan Party or of any such Loan Party in respect of the Company or any other such Loan Party or (ii) the Loan Parties in respect of any other Subsidiary of the Company that is not a Loan Party or of any Permitted Joint Venture, which Accommodation Obligations shall not cause (together with any Investments made pursuant to Section 9.04(d) and any Permitted Acquisitions made pursuant to clause --------------- (iii) of the definition thereof) the Maximum Subsidiary/Joint Venture Investment Amount to exceed $40,000,000 in the aggregate at any time; and
(e) Accommodation Obligations of any Subsidiary of such Borrower in respect of obligations of such Borrower.
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