Common use of Accommodation Obligations Clause in Contracts

Accommodation Obligations. The Loan Parties and the Schein Parties shall not, directly or indirectly, create or become or be liable with respect to any Accommodation Obligation, except: (i) recourse obligations resulting from endorsement of negotiable instruments for collection in the ordinary course of business; (ii) the Guaranties, guaranties of the Senior Notes and guaranties by Schein of the Floating Rate Notes during the period from the Closing Date until the Schein Payment Date; (iii) Accommodation Obligations in respect of obligations of customers and suppliers in an aggregate amount not to exceed Fifty Million Dollars ($50,000,000) at any time; (iv) Accommodation Obligations in Strategic Partners, provided that the aggregate amount of all such Accommodation Obligations made, created or assumed under this clause (iv), when added to the aggregate amount of all Investments made or owned pursuant to Section 9.04(vii), does not exceed 20% of Net Worth; and (v) Accommodation Obligations in the ordinary course of business with respect to the loans of officers, directors and employees of a Loan Party or a Schein Party in an aggregate amount, when added to the loans and advances in Section 9.04(x), does not exceed Fifteen Million Dollars ($15,000,000) at any time.

Accommodation Obligations. The Loan Parties and the Schein ------------------------- Parties shall not, directly or indirectly, create or become or be liable with respect to any Accommodation Obligation, except: (i) recourse obligations resulting from endorsement of negotiable instruments for collection in the ordinary course of business; (ii) the Guaranties, guaranties of the Senior Notes and guaranties by Schein of the Floating Rate Notes during the period from the Closing Date until the Schein Payment Date; (iii) Accommodation Obligations in respect of obligations of customers and suppliers in an aggregate amount not to exceed Fifty Million Dollars ($50,000,000) at any time; (iv) Accommodation Obligations in Strategic Partners, provided that the aggregate amount of all such Accommodation Obligations made, created or assumed under this clause (iv), when added to the aggregate amount of all Investments made or owned pursuant to Section 9.04(vii), does not exceed ----------------- 20% of Net Worth; and (v) Accommodation Obligations in the ordinary course of business with respect to the loans of officers, directors and employees of a Loan Party or a Schein Party in an aggregate amount, when added to the loans and advances in Section 9.04(x), does not exceed Fifteen Million Dollars --------------- ($15,000,000) at any time.