Indebtedness of Others. Guarantee or become directly or contingently liable for the Indebtedness of any Person, except by endorsement of instruments for deposit and except for the existing guarantees made by Borrower prior to the date hereof, if any, which are set forth in the Schedule;
Indebtedness of Others. Become directly or contingently liable for the Indebtedness of any Person, except by endorsement of instruments for deposit;
Indebtedness of Others. 23 6.2.6 Repurchase........................23 6.2.7 Name..............................24 6.2.8 Prepayment........................24 6.2.9 Capital Expenditure...............24 6.2.10 Indebtedness......................24 6.2.11 Affiliate Transactions............24
Indebtedness of Others. 11 6.2.6 Repurchase................................................. 11 6.2.7 Name....................................................... 11 6.2.8 Prepayment................................................. 11 6.2.9 Compensation............................................... 11 6.2.10 Capital Expenditure....................................... 11 6.2.11 Indebtedness.............................................. 11 6.2.12 Affiliate Transactions.................................... 11 6.2.13 Nature of Business........................................ 11 6.2.14 Textron's Name............................................ 11 6.2.15
Indebtedness of Others. Become directly or contingently liable for the Indebtedness of any Person, except by endorsement of instruments for deposit, except for (i) Indebtedness of the other Borrower(s) in an aggregate amount outstanding at any time of not greater than Two Hundred Thousand Dollars ($200,000), and (ii) Indebtedness of US 1 in an aggregate principal amount outstanding at any time of not greater than One Hundred Thousand Dollars ($100,000);"
Indebtedness of Others. Become directly ---------------------- or contingently liable for the Indebtedness of any Person, except (i) by endorsement of instruments for deposit, (ii) as described on the Schedule, and (iii) any guaranty of Indebtedness described on the Schedule permitted to be incurred by this Agreement; (f)
Indebtedness of Others. Become directly or contingently liable for the Indebtedness of any Person, except by endorsement of instruments for deposit; and except for the existing guarantees made by Co-Borrowers prior to the date hereof, if any, which are set forth in the Schedule Repurchase. Make a sale to any customer on a xxxx-and-hold, guaranteed sale, sale and return, sale on approval, consignment, or any other repurchase or return basis; Capital Expenditure. Co-Borrowers will not make or incur any Capital Expenditure in excess of $800,000 in any Co-Borrowers any fiscal year; Subordination: CO-BORROWERS WILL Subordinate of all present and Future Shareholder Debt to Textron Indebtedness. Co-Borrowers will not create, incur, assume or permit to exist any Indebtedness (excluding Indebtedness in connection with Capital Leases) in excess of the amount in excess of $100,000.00 other than (i) the Obligations, (ii) trade payables and other contractual obligations to suppliers and customers incurred in the ordinary course of business, and (iii) other Indebtedness existing on the date of this Agreement and reflected in the Prepared Financials (except Indebtedness paid on the date of this Agreement from proceeds of the initial advances hereunder) and (iv) Subordinated Debt; Affiliate Transactions. Co-Borrowers will not , except as set forth below, sell, transfer, distribute or pay any money or property to any Affiliate (other than the Co-Borrowers), or invest in (by capital contribution or otherwise) or purchase or repurchase any stock or Indebtedness, or any property, of any Affiliate, or become liable on any guaranty of the indebtedness, dividends or other obligations of any Affiliate. Notwithstanding the foregoing, if no Event of Default has occurred, Co-Borrowers may engage in transactions with Affiliates in the normal course of business, in amounts and upon terms which are fully disclosed to TEXTRON and which are no less favorable to Co-Borrowers than would be obtainable in a comparable arm's length transaction with a Person who is not an Affiliate; Nature of Business. Enter into any new type of business or make any material change in any of Co-Borrowers' business objectives, purposes or operations without Textron's written consent which shall not be unreasonably withheld; ================================================================================ EXECUTED UNDER SEAL BY: I-SECTOR CORPORATION: TEXTRON FINANCIAL CORPORATION BY /s/ XXXXX X. XXXX (SEAL) BY /s/ XXXXXXX XXXXX --------...
Indebtedness of Others. Guarantee or become directly or contingently liable for the Indebtedness of any Person, except by (i) endorsement of instruments for deposit, (ii) for the existing guarantees made by Borrower prior to the date hereof, if any, which are set forth in the Schedule: (iii) contingent obligation with respect to letters of credit, banker's acceptances, surety bonds and the like in the ordinary course of business, (iv) contingent obligations of Borrower with respect to any obligations of a subsidiary, (vi) continent obligations in connection with permitted investments under Section 6.2.2. and (vii) contingent obligations consisting of guaranties and other credit support in respect of transactions entered into in the ordinary course of business and any other contingent obligations, not to exceed $20,000.000 in the aggregate at any time. 6.2.6.
Indebtedness of Others. Neither such Loan Party nor any of its Subsidiaries will purchase, repurchase or otherwise acquire any Indebtedness of other Persons other than in connection with the AJG IEGP Loan Transaction.
Indebtedness of Others. 6.3 Other than pursuant to trading related contracts entered into in the ordinary course of business which are not Material Contracts, no MGT/IST Group Company is responsible for the indebtedness of any other person which is not a MGT/IST Group Company (any such person a “Third Party”) or is a party to any option or pre-emption right or any guarantee, suretyship or other obligation to pay, purchase or provide funds (by whatever means, including the advance of money, the purchase of or subscription for shares or other securities or the purchase of assets or services) for the payment of any indebtedness of any Third Party or as an indemnity against any default in payment of such indebtedness by such Third Party. All such agreements and arrangements between MGT/IST Group Companies have been Disclosed. Creation of Encumbrances etc.
