Common use of Guaranties, Etc Clause in Contracts

Guaranties, Etc. Assume, guarantee, endorse, or otherwise be or become directly or contingently responsible or liable, or permit any Subsidiary to assume, guarantee, endorse, or otherwise be or become directly or contingently responsible or liable (including, but not limited to, an agreement to purchase any obligation, stock, assets, goods, or services, or to supply or advance any funds, assets, goods, or services, or an agreement to maintain or cause such Person to maintain a minimum working capital or net worth, or otherwise to assure the creditors of any person against loss) for obligations of any Person, except guaranties by endorsement of negotiable instruments for deposits or collection or similar transactions in the ordinary course of business and except pursuant to letters of credit or other similar items (banker's acceptances, etc.) issued by the Banks in the ordinary course of business.

Appears in 4 contracts

Samples: Term Loan Agreement (Community Bankshares Inc /Ga/), Stock Pledge and Security Agreement (Community Bankshares Inc /Ga/), Term Loan Agreement (Community Bankshares Inc /Ga/)

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Guaranties, Etc. Assume, guaranteeguaranty, endorse, endorse or otherwise be or become directly or contingently responsible or liable, or permit any Subsidiary of their respective Subsidiaries to assume, guarantee, endorse, endorse or otherwise be or become directly or contingently indirectly responsible or liable (including, but not limited to, an agreement to purchase any obligation, stock, assets, goods, goods or services, services or to supply or advance any funds, assets, goods, goods or services, or an agreement to maintain or cause such Person to maintain a minimum working capital or net worth, worth or otherwise to assure the creditors of any person Person against loss) for the obligations of any Person, except guaranties by endorsement of negotiable instruments for deposits deposit or collection or similar transactions in the ordinary course of business and except pursuant to letters of credit or other similar items (banker's acceptances, etc.) issued by the Banks in the ordinary course of business.

Appears in 4 contracts

Samples: Credit Agreement (Transact Technologies Inc), Credit Agreement (Tridex Corp), Credit Agreement (First Aviation Services Inc)

Guaranties, Etc. Assume, guarantee, endorse, or otherwise be or become directly or contingently responsible or liable, or permit any Subsidiary to assume, guarantee, endorse, or otherwise be be: or become directly or contingently responsible or liable (including, but not limited to, an agreement to purchase any obligation, stock, assets, goods, or services, or to supply or advance any funds, assets, goods, or services, or an agreement to maintain or cause such Person to maintain a minimum working capital or net worth, or otherwise to assure the creditors of any person Person against loss) for obligations of any Person, except guaranties by endorsement of negotiable instruments for deposits deposit or collection or similar transactions in the ordinary course of business and except pursuant to letters of credit or other similar items (banker's acceptances, etc.) issued by the Banks in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Hittite Microwave Corp)

Guaranties, Etc. Assume, guarantee, endorse, endorse or otherwise be or become directly or contingently responsible or liable, or permit any Subsidiary of its Subsidiaries to assume, guarantee, endorse, endorse or otherwise be or become directly or contingently indirectly responsible or liable (including, but not limited to, an agreement to purchase any obligation, stock, assets, goods, goods or services, services or to supply or advance any funds, assets, goods, goods or services, or an agreement to maintain or cause such Person to maintain a minimum working capital or net worth, worth or otherwise to assure the creditors of any person Person against loss) for the obligations of any Person, except (i) for guaranties by endorsement of negotiable instruments for deposits deposit or collection or similar transactions in the ordinary course of business business, and except pursuant to letters (ii) for Debt of credit the kind described above that is permitted under either SECTION 7.01 or other similar items (banker's acceptances, etcSECTION 7.04.) issued by the Banks in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Seneca Foods Corp /Ny/)

Guaranties, Etc. AssumeExcept for guaranties by endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, guarantee, endorse, or otherwise be or become directly or contingently responsible or liable, or permit any Subsidiary to assume, guarantee, endorse, or otherwise be or become directly or contingently responsible or liable (including, but not limited to, an agreement to purchase any obligation, stock, assets, goods, or services, or to supply or advance any funds, funds assets, goods, or services, or an agreement to maintain or cause such Person person to maintain a minimum working capital or net worth, or otherwise to assure the creditors of any person entity or individual against loss) for obligations of any Person, entity or individual except for (a) guaranties by endorsement in favor of negotiable instruments for deposits or collection or similar transactions in the ordinary course of business Lender and except pursuant to letters of credit or other similar items (banker's acceptances, etc.b) guaranties issued by the Banks Borrower in connection with the ordinary course of businessacquisition as assets by its Subsidiaries.

Appears in 1 contract

Samples: Loan Agreement (Childrens Broadcasting Corp)

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Guaranties, Etc. Assume, guarantee, endorse, endorse or otherwise be or become directly or contingently responsible or liable, or permit any Subsidiary of its Subsidiaries to assume, guarantee, endorse, endorse or otherwise be or become directly or contingently indirectly responsible or liable (including, but not limited to, an agreement to purchase any obligation, stock, assets, goods, goods or services, services or to supply or advance any funds, assetsasset, goods, goods or services, or an agreement to maintain or cause such Person to maintain a minimum working capital or net worth, worth or otherwise to assure the creditors of any person Person against loss) ), for the obligations of any Person, except except: (a) guaranties by endorsement of negotiable instruments for deposits deposit or collection or similar transactions in the ordinary course of business business; and except pursuant to letters (b) guaranties of credit or other similar items domestic suppliers of the Borrowers, not exceeding One Million Dollars (banker's acceptances, etc.$1,000,000) issued by the Banks in the ordinary course aggregate, given in connection with the purchase of businessraw materials.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Biscayne Apparel Inc /Fl/)

Guaranties, Etc. Assume, guaranteeguaranty, endorse, endorse or otherwise be or become directly or contingently responsible or liable, or permit any Subsidiary to assume, guaranteeguaranty, endorse, endorse or otherwise be or become directly or contingently responsible or liable (including, but not limited to, an agreement to purchase any obligation, stock, assets, goods, goods or services, or to supply or advance any funds, assets, goods, goods or services, or an agreement to maintain or cause such Person person to maintain a minimum working capital or net worthTangible Net Worth, or to otherwise to assure the creditors of any person against loss) ), for obligations of any Personperson, except guaranties by endorsement of negotiable instruments for deposits deposit or collection or similar transactions in the ordinary course of business and except pursuant to letters of credit or other similar items (banker's acceptances, etc.) issued by the Banks in the ordinary course of business.

Appears in 1 contract

Samples: Loan Agreement (Lynch Corp)

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