Common use of Borrower Limitations Clause in Contracts

Borrower Limitations. The Borrower will not create, incur, issue, assume, permit to exist or become or be liable, contingently or otherwise, in respect of any Current Indebtedness or Funded Indebtedness other than: (i) unsecured Current Indebtedness arising in the ordinary course of business; (ii) Debt represented by dividends declared as permitted by Section 6.01, but not (iii) unsecured Current Indebtedness for borrowed money; (iv) Current Indebtedness representing amounts payable within one year in respect of any Funded Indebtedness permitted by this Section 6.02; (v) Funded Indebtedness, provided that after giving effect to the incurrence thereof the Borrower would be in compliance with Section 6.12(b).

Borrower Limitations. The Borrower will not create, incur, issue, assume, permit to exist or become or be liable, contingently or otherwise, in respect of any Current Indebtedness or Funded Indebtedness other than: (i) unsecured Current Indebtedness arising in the ordinary course of business; (ii) Debt represented by dividends declared as permitted by Section 6.01, but notnot yet paid; (iii) unsecured Current Indebtedness for borrowed money; (iv) Current Indebtedness representing amounts payable within one year in respect of any Funded Indebtedness permitted by this Section 6.02; (v) Funded Indebtedness, provided that after giving effect to the incurrence thereof the Borrower would be in compliance with Section 6.12(b).