Common use of Additional Borrowing Clause in Contracts

Additional Borrowing. Refrain from incurring any indebtedness except: (1) Trade credit incurred in the ordinary course of business. (2) Indebtedness expressly subordinated to the Bank in a writing acceptable to the Bank. (3) Indebtedness in existence on the date of this Agreement and disclosed in advance to the Bank in writing. (4) Purchase money indebtedness (including capitalized leases) for the acquisition of fixed assets, provided that the total principal amount outstanding at any one time does not exceed $30,000.00

Additional Borrowing. Refrain from incurring any indebtedness except: (1i) Trade credit incurred in the ordinary course of business. (2ii) Indebtedness expressly subordinated to the Bank in a writing acceptable to the Bank. (3iii) Indebtedness in existence on the date of this Agreement and disclosed in advance to the Bank in writing. (4iv) Purchase money indebtedness (including capitalized leases) for the acquisition of fixed assets, provided that the total principal amount outstanding at any one time does not exceed $30,000.00.

Additional Borrowing. Refrain from incurring any indebtedness except: (1) Trade credit incurred in the ordinary course of business. (2) Indebtedness expressly subordinated to the Bank in a writing acceptable to the Bank. (3) Indebtedness in existence on the date of this Agreement and disclosed in advance to the Bank in writing. (43) Purchase money indebtedness (including capitalized leases) for the acquisition of fixed assets, provided that the total principal amount outstanding at any one time does not exceed $30,000.001,000,000.00.