Indebtedness for Borrowed Money Sample Clauses

Indebtedness for Borrowed Money. Except for trade payables incurred in the ordinary course of business, the Company does not have any direct or indirect indebtedness for borrowed money, including indebtedness by way of lease-purchase arrangements or guarantees, and is not obligated in any manner (actual or contingent) to assume or guarantee any indebtedness or obligation of another Person.

Indebtedness for Borrowed Money. 12 Section 7.7 Liens......................................................................................12 Section 7.8 Mergers, Consolidations and Sales..........................................................12 Section 7.9 ERISA......................................................................................12 Section 7.10

Indebtedness for Borrowed Money. 12 Section 3.17 Contracts and Commitments............................................................ 12 Section 3.18

Indebtedness for Borrowed Money. The Company shall not, nor shall it permit any Subsidiary to, issue, incur, assume, create or have outstanding any Indebtedness for Borrowed Money; provided, however, that the foregoing shall not restrict nor operate to prevent: (a) the Obligations of the Company owing to the Lender hereunder and under the other Loan Documents and any other indebtedness or obligations of the Company or any Subsidiary owing to the Lender; (b) Permitted Banking Subsidiary Indebtedness; (c) indebtedness of the Company or any Subsidiary owing to the Company or any Subsidiary; (d) Contingent Obligations incurred with respect to (i) the endorsement of instruments for deposit or collection in the ordinary course of business and (ii) private mortgage reinsurance arrangements through Mid America Re, Inc., in the ordinary course of business; (e) obligations of the Company or MAF Developments arising under or in connection with letters of credit issued by or for the benefit of the Company or MAF Developments (and any joint venture in which MAF Development is a partner) relating to land development activities of the Company or MAF Developments (and any joint venture in which MAF Developments is a partner) in an aggregate amount not to exceed $30,000,000 at any one time outstanding; (f) indebtedness consisting of (i) unsecured Subordinated Debt and (ii) junior subordinated debentures issued by the Company in connection with trust preferred securities issued by one or more of the Company’s Wholly-Owned Subsidiaries qualifying as Tier 1 Capital under the Federal Reserve Capital Requirements, and the Company’s performance guarantee of such Subsidiary’s obligation to remit all payments made by the Company to such Subsidiary in respect of the junior subordinated debentures to the holder of the such Subsidiary’s trust preferred securities, all on terms and conditions reasonably acceptable to the Lender; (g) indebtedness of MAF Developments (or joint venture Subsidiary) as purchaser under land purchase contracts entered into in the ordinary course of its land development activities and any cost to complete liabilities related thereto and amounts due to joint venture partners incurred in the ordinary course of its land development activities; (h) indebtedness of the Company or any Banking Subsidiary as purchaser under land purchase contracts for branch sites for Banking Subsidiaries entered into in the ordinary course of business; (i) currently outstanding indebtedness of the Company and of it...

Indebtedness for Borrowed Money. The Borrower shall not, nor shall it permit any Subsidiary to, issue, incur, assume, create or have outstanding any Indebtedness for Borrowed Money; provided, however, that the foregoing shall not restrict nor operate to prevent: (a) the Obligations of the Borrower owing to the Agent and the Banks hereunder; (b) purchase money indebtedness and Capitalized Lease Obligations of the Borrower and of its Subsidiaries in an aggregate amount not to exceed $10,000,000 at any one time outstanding; (c) obligations of the Borrower arising out of interest rate hedging agreements entered into with financial institutions in the ordinary course of business; (d) guaranties expressly permitted by Section 8.9 hereof; (e) indebtedness from time to time owing by the Borrower to any Subsidiary or by any Subsidiary to the Borrower or any other Subsidiary, in each case arising as a result of intercompany loans and advances permitted by Section 8.9 hereof. (f) indebtedness outstanding under the Existing Credit Agreement which is paid and satisfied in full out of proceeds of the initial Credit Event hereunder; (g) other indebtedness existing on the date of this Agreement and described on Schedule 8.7 attached hereto and made a part hereof, as reduced from time to time by repayments thereof; and (h) other indebtedness of the Borrower and its Subsidiaries not otherwise permitted by this Section in an aggregate amount not to exceed $1,000,000 at any one time outstanding.

Indebtedness for Borrowed Money. The Company shall not, nor shall it permit any Subsidiary to, issue, incur, assume, create or have outstanding any Indebtedness for Borrowed Money; provided, however, that the foregoing shall not restrict nor operate to prevent: (a) the Obligations of the Company owing to the Lender hereunder and under the other Loan Documents and any other indebtedness or obligations of the Company or any Subsidiary owing to the Lender;

Indebtedness for Borrowed Money. Borrower will not incur any indebtedness for borrowed money, except to Trade Bank and except for indebtedness subordinated to the Obligations by an instrument or agreement in form acceptable to Trade Bank.

Indebtedness for Borrowed Money. 7 Indemnitees...................................................................43

Indebtedness for Borrowed Money. As of the Closing Date, the Company and its Subsidiaries have no Indebtedness arising from the borrowing of any money, except for Indebtedness (a) to the Lenders under this Agreement and the other Loan Documents, (b) outstanding on the date of this Agreement pursuant to any lease, loan or credit facility fully and accurately described in Schedule 6.2 to this Agreement, (c) incurred with the prior written consent of the Agent, (d) under the Term Loan Documents and (e) owing to the Company or a Subsidiary.