Incurring Indebtedness Sample Clauses
The "Incurring Indebtedness" clause defines the rules and limitations regarding a party's ability to take on new debt during the term of an agreement. Typically, this clause outlines what types of borrowing are permitted, sets thresholds for allowable debt, or requires prior consent from the other party before additional loans or credit lines can be established. By regulating the incurrence of new financial obligations, this clause helps protect the interests of the parties by preventing excessive risk-taking or financial instability that could jeopardize the agreement's objectives.
Incurring Indebtedness. The Authority covenants that it will not incur any indebtedness other than the 2020 Bonds except (i) indebtedness permitted by Section 2.07 hereof, (ii) indebtedness payable from the Trust Estate and subordinate to the rights of the Trustee under this Indenture, or (iii) indebtedness payable from income of the Authority from some source other than the Trust Estate.
Incurring Indebtedness. The Authority covenants that it will not incur any indebtedness other than the 2023 Bonds except (i) indebtedness permitted by Section 2.07 hereof,
Incurring Indebtedness. Other than (i) debt outstanding or contemplated as of the date of this Agreement pursuant to existing agreements of the Company (which agreements are disclosed in the Financial Statements or in Exhibit C, or (ii) debt incurred for working capital purposes in the ordinary course of the Company's business, or (iii) debt incurred in the ordinary course
Incurring Indebtedness. The Corporation covenants that it will not incur any indebtedness other than the 2023 Bonds except: (i) as permitted by Section 2.07 hereof, (ii) indebtedness payable from income of the Corporation from some source other than the Trust Estate pledged hereunder as long as any Bonds are outstanding hereunder, or (iii) indebtedness which is payable from the Trust Estate and subordinate to the rights of the Trustee under this Indenture.