Common use of Borrower Indebtedness Clause in Contracts

Borrower Indebtedness. Borrower will not incur or permit to exist any Indebtedness or liability on account of deposits except: (i) the Obligations, (ii) the Subordinated Loans, and (iii) other current accounts payable arising in the ordinary course of business and not overdue to the extent such current accounts payable are in excess of $10,750.

Borrower Indebtedness. The Borrower will not incur or permit to exist any Indebtedness or liability on account of deposits except: (iA) as provided in the Obligations, (ii) the Subordinated Loans, Transaction Documents and (iiiB) other current accounts payable arising in the ordinary course of business and not overdue to the extent such current accounts payable are in excess of $10,750overdue.