Common use of Contingent Liabilities Clause in Contracts

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for the obligation of any Person, including Borrower, a Subsidiary or Affiliate, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, and (b) contingent liabilities in favor of CNB.

Appears in 5 contracts

Samples: Credit Agreement (Sm&A), Accounts Receivable Loan Agreement (Emergent Information Technologies Inc), Accounts Receivable and Inventory Loan Agreement (Athanor Group Inc)

AutoNDA by SimpleDocs

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for the obligation of any Person, Person including Borrower, a Subsidiary Subsidiary, or Affiliate, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, and (b) contingent liabilities in favor of CNB.

Appears in 4 contracts

Samples: Credit Agreement (Digital Insight Corp), Credit Agreement (Spectrum Laboratories Inc /Ca), Credit Agreement (Signature Eyewear Inc)

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for the obligation of any Person, including Borrower, a Subsidiary or Affiliate, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, and (b) contingent liabilities Contingent Liabilities in favor of CNB, and (c) those outstanding on the date hereof and listed on Schedule 7.4.

Appears in 3 contracts

Samples: Credit and Security Agreement (RealD Inc.), Credit and Security Agreement (RealD Inc.), Credit and Security Agreement (RealD Inc.)

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for the obligation of any Person, Person including Borrower, a Subsidiary or any Affiliate, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, and (b) contingent liabilities in favor of CNB.

Appears in 3 contracts

Samples: Credit Agreement (Highbury Financial Inc), Credit Agreement (Highbury Financial Inc), Form of Credit Agreement (Highbury Financial Inc)

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for the obligation of any Person, including Borrower, a Subsidiary or Affiliate, except (ai) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, and (bii) contingent liabilities in favor of CNBLender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Signature Eyewear Inc), Loan and Security Agreement (Signature Eyewear Inc)

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for upon the obligation of any Person, including Borrower, a Subsidiary or Affiliate, except (a) by the endorsement of negotiable instruments for deposit or and collection or similar transactions in the ordinary course of business, business and (b) contingent liabilities obligations in favor of CNBthe aggregate not exceeding $25,000 at any time.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sunrise Senior Living Inc), Loan and Security Agreement (Sunrise Senior Living Inc)

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for upon the obligation of any Person, including Borrower, a Subsidiary or Affiliate, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, and (b) contingent liabilities guaranties by any Borrower of contractual obligations (other than for the payment of borrowed money) of any Wholly Owned Subsidiary of any Borrower, or (c) guaranties in favor of CNBconnection with any Acquisition.

Appears in 1 contract

Samples: Financing and Security Agreement (Arguss Holdings Inc)

AutoNDA by SimpleDocs

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for the obligation of any Person, including Borrower, a Subsidiary or Affiliate, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, (b) such obligations in amounts not to exceed $500,000.00 in the aggregate, and (bc) contingent liabilities in favor of CNB.

Appears in 1 contract

Samples: City National Bank    credit Agreement (Emergent Group Inc/Ny)

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for upon the obligation of any Person, including Borrower, a Subsidiary or Affiliate, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, business and (b) contingent liabilities in favor guaranties by any Borrower of CNB.contractual obligations (other than for the payment of borrowed money) of any Wholly Owned Subsidiary of the Company..

Appears in 1 contract

Samples: Financing and Security Agreement (Fti Consulting Inc)

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for upon the obligation of any Personperson, including Borrowerfirm, a Subsidiary partnership, joint venture or Affiliatecorporation, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, business and (b) contingent liabilities in favor guaranties by the Borrower of CNBcontractual obligations (other than for the payment of borrowed money) of any Wholly Owned Subsidiary of the Borrower.

Appears in 1 contract

Samples: Financing and Security Agreement (Fti Consulting Inc)

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for the obligation of any Person, including Borrower, a Subsidiary or Affiliate, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, and (b) contingent liabilities Contingent Liabilities in favor of CNB.

Appears in 1 contract

Samples: Credit and Security Agreement (RealD Inc.)

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