Common use of Indebtedness incurred Clause in Contracts

Indebtedness incurred. Shall not, and shall not permit any of their Subsidiaries to, issue, incur, assume or permit to exist any Indebtedness, except (a) the Note, (b) Indebtedness not in excess of $50,000 at any one time and secured by Permitted Liens described in Section 4.3.2 of this Agreement, (c) Indebtedness for unsecured trade payables and lease payables incurred in the ordinary course, (d) the Senior Obligations, (e) Indebtedness existing on the date of this Agreement and described on Schedule 4.3.1 hereto, and (f) preferred stock issued pursuant to that certain letter of intent attached hereto as Exhibit H hereto.

Indebtedness incurred. Shall not, and shall not permit any of their Subsidiaries to, issue, incur, assume or permit to exist any Indebtedness, except (a) the Note, (b) Indebtedness not in excess of $50,000 at any one time and secured by Permitted Liens described in Section 4.3.2 of this Agreement, (c) Indebtedness for unsecured trade payables and lease payables incurred in the ordinary course, (d) the Senior Obligations, (e) Indebtedness existing on the date of this Agreement and described on Schedule SCHEDULE 4.3.1 hereto, and (f) preferred stock issued pursuant to that certain letter of intent attached hereto as Exhibit H hereto.