Common use of Consolidated Debt Clause in Contracts

Consolidated Debt. The Co-Borrowers, their Subsidiaries and Affiliates shall not directly or indirectly create, incur, assume or otherwise become or remain directly or indirectly liable with respect to, any Consolidated Debt, except for:

Appears in 2 contracts

Samples: Credit Loan and Term Loan Agreement (DRS Technologies Inc), Agreement (DRS Technologies Inc)

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Consolidated Debt. The Co-BorrowersBorrower, their its Subsidiaries and its Affiliates shall not directly or indirectly create, incur, assume or otherwise become or remain directly or indirectly liable with respect to, any Consolidated Debt, except for:

Appears in 2 contracts

Samples: Security Agreement (Diagnostic Retrieval Systems Inc), Diagnostic Retrieval Systems Inc

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