Common use of Additional Borrowings Clause in Contracts

Additional Borrowings. Borrower shall not create, incur, assume, or suffer to exist, any indebtedness, except: (i) borrowings pursuant to this Agreement; (ii) unsecured trade credit incurred in the ordinary course of business which are paid in a timely manner; (iii) other obligations to the Lender; and (iv) borrowings used to prepay in full the Borrower's obligations under the Loan Documents.

Appears in 4 contracts

Samples: Loan Agreement (Ocean Thermal Energy Corp), Loan Agreement (Ocean Thermal Energy Corp), Loan Agreement (Ocean Thermal Energy Corp)

AutoNDA by SimpleDocs

Additional Borrowings. Borrower shall not create, incur, assume, or suffer to exist, any indebtedness, except: (i) borrowings pursuant to this Agreement; (ii) unsecured trade credit incurred in the ordinary course of business which are paid in a timely manner; (iii) other obligations to the Lender; and (iv) borrowings used to prepay in full the Borrower's ’ obligations under the Loan Documents; and (v) other permitted borrowings set forth on Schedule 10(j) hereto.

Appears in 3 contracts

Samples: Loan Agreement (Ocean Thermal Energy Corp), Loan Agreement (Ocean Thermal Energy Corp), Loan Agreement (Ocean Thermal Energy Corp)

Additional Borrowings. Borrower shall not create, incur, assume, or suffer to exist, any indebtedness, except: (i) borrowings pursuant to this AgreementAgreement or other agreements with other lenders that substantially conform to the attached Term Sheet; (ii) unsecured trade credit incurred in the ordinary course of business which are paid in a timely manner; (iii) other obligations to the Lender; and (iv) borrowings used to prepay in full the Borrower's obligations under the Loan Documents, including project revenue.

Appears in 1 contract

Samples: Loan Agreement (Ocean Thermal Energy Corp)

AutoNDA by SimpleDocs

Additional Borrowings. Borrower shall not create, incur, assume, or suffer to exist, any indebtedness, except: (i) borrowings pursuant to this Agreement; (ii) unsecured trade credit incurred in the ordinary course of business which are paid in a timely manner; (iii) other obligations to the Lender; and (iv) borrowings used to prepay in full the Borrower's ’s obligations under the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Ocean Thermal Energy Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.