Guarantee of Indebtedness Sample Clauses

Guarantee of Indebtedness. The Company shall not guarantee any indebtedness for borrowed money of any unrelated third party.
Sample 1
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Guarantee of Indebtedness. The Buyer shall cause any indebtedness of the Company that is the subject of a guarantee by one or more of the Shareholders to be extinguished at or before the Closing Date, or in the alternative, the Buyer may procure the termination or release of any such guarantee.
Sample 1
Guarantee of Indebtedness. 22 8. ENVIRONMENTAL WARRANTIES AND AGREEMENTS................................ 22
Sample 1
Guarantee of Indebtedness. The Company and the Acquiror agree to use all commercially reasonable efforts (i) to maintain a level of indebtedness at least equal to the indebtedness of Acquiror immediately following the Closing and (ii) to cause Acquiror's lenders to permit the XxXxxxx Contributor (or any LP Unit Recipient) to guarantee any indebtedness of the Acquiror in an amount at least equal to the indebtedness of Acquiror immediately following the Closing (including additional indebtedness or substitute indebtedness incurred after the Closing Date).
Sample 1
Guarantee of Indebtedness. Notwithstanding anything to the contrary, the Guarantee of the Company of any Indebtedness secured by Residual Receivables and/or Servicing Receivables (and/or the Capital Stock of Restricted Subsidiaries substantially all of the assets of which are Residual Receivables and/or Servicing Receivables) by the Company, or any Restricted Subsidiary in connection with the consummation of the Interim Financing (as defined in and subject to the terms and conditions set forth in the Term Sheet) shall not be deemed a breach or violation of any covenant, representation, warranty or provision in the Indenture.
Sample 1

Related to Guarantee of Indebtedness

  • Payment of Indebtedness Pledgor will pay the principal sum of the Note secured hereby, together with interest thereon, at the time and in the manner provided in the Note.

  • Subordination of Indebtedness Any indebtedness or other obligation of Borrower now or hereafter held by or owing to Guarantor is hereby subordinated in time and right of payment to all obligations of Borrower to Bank, except as such indebtedness or other obligation is expressly permitted to be paid under the Credit Agreement; and such indebtedness of Borrower to Guarantor is assigned to Bank as security for this Guaranty, and if Bank so requests shall be collected, enforced and received by Guarantor in trust for Bank and to be paid over to Bank on account of the Obligations of Borrower to Bank, but without reducing or affecting in any manner the liability of Guarantor under the other provisions of this Guaranty. Any notes now or hereafter evidencing such indebtedness of Borrower to Guarantor shall be marked with a legend that the same are subject to this Guaranty and shall be delivered to Bank.

  • Repayment of Indebtedness Except as disclosed in the Registration Statement and the Prospectus, the Company does not intend to use any of the proceeds from the sale of the Shares to repay any debt owed to the Sales Agent or the Forward Seller or any affiliate thereof.

  • Limitation on Guarantees of Indebtedness by Restricted Subsidiaries The Issuer shall not permit any of its Wholly-Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly-Owned Subsidiaries if such non-Wholly-Owned Subsidiaries guarantee other capital markets debt securities of the Issuer or any Guarantor), other than a Guarantor, a Foreign Subsidiary or a Securitization Subsidiary, to guarantee the payment of any Indebtedness of the Issuer or any other Guarantor unless:

  • Subsidiary Indebtedness The Borrower will not permit any Subsidiary to create, incur, assume or permit to exist any Indebtedness, except:

  • Limitation on Subsidiary Indebtedness The Company shall not permit any of the Subsidiaries of the Company to create, incur, assume or suffer to exist any Indebtedness, except:

  • Evidence of Indebtedness (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and evidenced by one or more entries in the Register maintained by the Administrative Agent, acting solely for purposes of Treasury Regulation Section 5f.103-1(c), as agent for the Borrower, in each case in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be prima facie evidence absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Note payable to such Lender, which shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto.

  • Prepayment of Indebtedness At any time, directly or indirectly, prepay any Indebtedness (other than to Lenders), or repurchase, redeem, retire or otherwise acquire any Indebtedness of any Borrower.

  • Payments of Indebtedness Borrower will not, and will not permit any of its Subsidiaries to, make any payments in respect of any Indebtedness other than (i) the Obligations and (ii) subject to any applicable terms of subordination, other Permitted Indebtedness.

  • Incurrence of Indebtedness So long as this Note is outstanding, the Company shall not, and the Company shall not permit any of its Subsidiaries to, directly or indirectly, incur or guarantee, assume or suffer to exist any Indebtedness, other than Permitted Indebtedness.

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