Affiliate Debt. There is no Affiliate Debt owed or outstanding.
Affiliate Debt. The Grantor represents and warrants that -------------- except for the "Kitchen Craft Note" (as defined in the USBNA Credit Agreement), there are no Instruments evidencing Affiliate Debt in favor of or assigned to the Grantor. The Grantor hereby covenants and agrees that upon receipt of any such Instrument, the Grantor shall promptly execute documents, which shall be satisfactory in form and substance to the Secured Party, and which in any event, shall not contain any term or provision which prohibits or restricts the creation by the Grantor of a security interest therein in favor of the Secured Party, which pledge such Instrument to the Secured Party, for the benefit of the Secured Party, the Agents and the Lenders, and deliver such documents, together with such Instrument, to the Secured Party for the purpose of securing payment of the Obligations.
Affiliate Debt. Borrower shall not incur any debt to any affiliate unless such debt is fully subordinated to the Loan on terms reasonably acceptable to Lender.
Affiliate Debt. Except to the extent not finally determined prior to the availability of the Closing Date Balance Sheet: (a) there shall not be any outstanding Affiliate Debt, and (b) there shall not be outstanding any Debt or other advances owed to APC or any Subsidiary of APC by PHL, Holdings or any of their Affiliates or by any present or former employee, officer, stockholder or director of PHL, Holdings or their Affiliates other than APC and its Subsidiaries.
Affiliate Debt. Notwithstanding any provision of this Agreement to the contrary, unless otherwise approved by a Heska Manager and the Founder Manager, any funds borrowed by the Company from, or loaned by the Company to, one or more of the Members or any Affiliate of a Member or the Company shall bear interest at a rate equal to the rate of interest provided under the Credit and Security Agreement by and among Heska, Diamond Animal Health, Inc., an Iowa corporation, and Xxxxx Fargo Bank, National Association, as such agreement may be amended, restated or replaced from time to time.
Affiliate Debt. Subject to the terms and conditions of this Agreement and the other Loan Documents, Borrower hereby represents and warrants that, as of the Effective Date, any and all debt for borrowed money that Borrower owes to any Affiliate is fully subordinated to the Loan and has a term of at least five (5) years.
Affiliate Debt. As of the Closing Date, the only Indebtedness outstanding among Borrower, Guarantor, Property Owners or their respective Subsidiaries is as set forth in Exhibit C.
Affiliate Debt. 54 6.5. Financing....................................................................54 6.6.
Affiliate Debt. The Grantor represents and warrants that -------------- there are no Instruments evidencing Affiliate Debt in favor of or assigned to the Grantor. The Grantor hereby covenants and agrees that upon receipt of any such Instrument, the Grantor shall promptly execute documents, which shall be satisfactory in form and substance to the Secured Party, and which in any event, shall not contain any term or provision which prohibits or restricts the creation by the Grantor of a security interest therein in favor of the Banks, which pledge such Instrument to the Secured Party, for the benefit of the Banks, and deliver such documents, together with such Instrument, to the Secured Party for the purpose of securing payment of the Obligations.
Affiliate Debt. SCHEDULE 5.24 contains a true, correct and complete schedule of all monetary obligations of Borrower to Parent, Atari Interactive, Inc. and each other Affiliate of Borrower, including, without limitation, under any license, distribution or other commercial agreement, as of the Closing Date.
