Common use of Indebtedness for Borrowed Money Clause in Contracts

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.

Appears in 16 contracts

Samples: Agreement and Plan of Reorganization and Merger (American Physician Partners Inc), Agreement and Plan of Reorganization and Merger (American Physician Partners Inc), Agreement and Plan of Reorganization and Merger (American Physician Partners Inc)

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Indebtedness for Borrowed Money. Except for trade payables incurred in the ordinary course of businessbusiness or as reflected in the Company Financial Statements or the Disclosure Schedules, 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.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization and Merger (Tatonka Energy Inc)

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