Common use of Debts, Guaranties and Other Obligations Clause in Contracts

Debts, Guaranties and Other Obligations. Borrower will not incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will the Borrower guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity through the purchase or lease of goods, supplies or services (or by way of stock purchase, capital contribution, advance or loan) for the purpose of paying or discharging the indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 2 contracts

Samples: Loan Agreement (Panhandle Royalty Co), Loan Agreement (Williams Clayton W Jr/Williams Clayton Part/Clajon Hol Et Al)

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Debts, Guaranties and Other Obligations. Borrower will not incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will the Borrower guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entityentity (including, without limitation, Parent or any of its direct or indirect subsidiaries), whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity through the purchase or lease of goods, supplies or services (or by way of stock purchase, capital contribution, advance or loan) for the purpose of paying or discharging the indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Loan Agreement (Matador Petroleum Corp)

Debts, Guaranties and Other Obligations. Without the consent of Majority Banks, neither Borrower will not incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will the either Borrower guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity through the purchase or lease of goods, supplies or services (or by way of stock purchase, capital contribution, advance or loan) for the purpose of paying or discharging the indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Credit Agreement (Continental Crude Co)

Debts, Guaranties and Other Obligations. Borrower will not incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will the Borrower guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person Person or entityEntity, whether by agreement to purchase the indebtedness of any other person Person or entity Entity or agreement for the furnishing of funds to any other person Person or entity Entity through the purchase or lease of goods, supplies or services (or by way of stock purchase, capital contribution, advance or loan) for the purpose of paying or discharging the indebtedness of any other person Person or entityEntity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Loan Agreement (Maynard Oil Co)

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Debts, Guaranties and Other Obligations. Borrower Borrowers will not incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will the Borrower Borrowers guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity through the purchase or lease of goods, supplies or services (or by way of stock purchase, capital contribution, advance or loan) for the purpose of paying or discharging the indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Loan Agreement (Panhandle Royalty Co)

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