Debt; Guarantees Sample Clauses
The 'Debt; Guarantees' clause defines the rules and limitations regarding a party's ability to incur debt or provide guarantees for the obligations of others. Typically, this clause restricts the borrower or contracting party from taking on additional loans or guaranteeing third-party debts without the prior consent of the other party, often the lender. For example, it may prohibit the company from issuing new bonds or acting as a guarantor for a subsidiary's loan unless certain financial thresholds are met or approvals are obtained. The core function of this clause is to protect the interests of the lender or counterparty by preventing excessive financial risk or dilution of creditworthiness, thereby ensuring the borrower's financial stability throughout the agreement.
Debt; Guarantees. The Companies have no Debt except as set forth on Schedule 2.2.6. For each item of Debt, Schedule 2.2.6 correctly sets forth the debtor, the principal amount of the Debt, the creditor, the maturity date and the collateral, if any, securing the Debt. Except as set forth in Schedule 2.2.6, no Company has any Liability in respect of a Guarantee of any Liability of any other Person.
Debt; Guarantees. Schedule 4.20 sets forth by category (a) all Company Indebtedness, (b) all Affiliated Indebtedness, and (c) all Assumed Indebtedness, including the aggregate amount of each category of Indebtedness, and describes by category any Encumbrances on any Assets which secure the same such Indebtedness, in each case as of the Closing.
Debt; Guarantees. The Company has no Liabilities in respect of Debt except as set forth on Section 3.08 of the Sellers’ Disclosure Schedules. For each item of Debt, Section 3.08 of the Sellers’ Disclosure Schedules correctly sets forth the debtor, the Contractual Obligations governing the Debt, the principal amount of the Debt as of the date of this Agreement, the creditor, the maturity date, and the collateral, if any, securing the Debt (and all Contractual Obligations governing all related Encumbrances). Except as set forth on Section 3.08 of the Sellers’ Disclosure Schedules, the Company has no Liability in respect of a Guarantee of any Debt or other Liability of any other Person.
Debt; Guarantees. The Seller does not have any Debt except as set forth on Schedule 3.8. For each item of Debt, Schedule 3.8 correctly sets forth the debtor, the principal amount of the Debt, the creditor, the maturity date and the collateral, if any, securing the Debt. The Seller does not have any liability in respect of a Guarantee of any liability of any other Person.
Debt; Guarantees. Section 3.07 of the Disclosure Schedules sets forth a list of all of the Acquired Companies’ material (i) Contractual Obligations governing Debt and (ii) leasing or similar arrangements that, in accordance with GAAP, are classified as capital leases, in each case as of the date of this Agreement. The Acquired Companies have no material liability in respect of a guarantee of any Debt or other liability of any other Person (other than another Subsidiary of the Company).
Debt; Guarantees. As of the Effective Date, the Company has no Liabilities in respect of Debt and the Company does not have any Liability in respect of a Guarantee of any Debt or other Liability of any other Person.
Debt; Guarantees. Neither the Company nor its Subsidiary have any Liabilities in respect of Debt except as set forth on Section 3.20 of the Company Disclosure Schedule. For each item of Debt, Section 3.20 of the Company Disclosure Schedule correctly sets forth the debtor, the principal amount of the Debt as of the date of this Agreement, the creditor, the maturity date, the collateral, if any, securing the Debt. Neither the Company nor its Subsidiary has any Liability in respect of a guarantee of any Liability of any other Person.
Debt; Guarantees. The Company has no Liabilities in respect of Debt. The Company has no Liability in respect of a guarantee of any Liability of any other Person.
Debt; Guarantees. The Company has no Liabilities in respect of Debt except as set forth on Schedule 3.10. For each item of Debt, Schedule 3.10 correctly sets forth the debtor, the principal amount of the Debt as of the date of this Agreement (or with respect to capital leases, the dates set forth on Schedule 3.10) the creditor, the maturity date and the collateral, if any, securing the Debt. The Company has no Liability in respect of a guarantee of any Liability of any other Person.
Debt; Guarantees. The Acquired Companies have no Liabilities in respect of Debt except as set forth on Schedule 3.9. For each item of Debt, Schedule 3.9 correctly sets forth the debtor, the principal amount of the Debt as the date of this Agreement, the creditor, the maturity date, and the collateral, if any, securing the Debt. No Acquired Company has any Liability in respect of a guarantee of any Liability of any other Person (other than another Acquired Company, which guarantee is identified on Schedule 3.9).