Common use of Indebtedness of the Company Clause in Contracts

Indebtedness of the Company. SCHEDULE 5.8 correctly describes all secured and unsecured Indebtedness of the Company and its Subsidiaries (other than intercompany items) outstanding, or for which the Company or one of its Subsidiaries has commitments, which is individually in excess of $5,000,000 ("Significant Indebtedness") (excluding operating leases), as of June 30, 1999. Neither the Company nor any of its Subsidiaries is in default with respect to any Indebtedness or any instrument or agreement relating thereto, nor has any event occurred (i) that with the giving of notice or the lapse of time or both would constitute a default thereunder, or (ii) that has given or that with the giving of notice or the lapse of time or both would give rise to a right of termination, amendment, cancellation or acceleration of any right or obligation of the Company or any of its Subsidiaries thereunder, or to a loss of any material benefit to which the Company or any of its Subsidiaries is entitled thereunder, except for any default, termination, amendment, cancellation, acceleration or loss of material benefit related to Indebtedness other than Significant Indebtedness as would not, either in any case or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Nationsrent Inc)

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Indebtedness of the Company. SCHEDULE 5.8 correctly describes all secured and unsecured Indebtedness of the Company and its Subsidiaries (other than intercompany items) outstanding, or for which the Company or one of its Subsidiaries has commitments, which is individually in excess of $5,000,000 ("Significant Indebtedness") (excluding operating leases), as of June 30, 1999the date set forth on SCHEDULE 5.8. Neither the Company nor any of its Subsidiaries is in default with respect to any Indebtedness or any instrument or agreement relating thereto, nor has any event occurred (i) that with the giving of notice or the lapse of time or both would constitute a default thereunder, or (ii) that has given or that with the giving of notice or the lapse of time or both would give rise to a right of termination, amendment, cancellation or acceleration of any right or obligation of the Company or any of its Subsidiaries thereunder, or to a loss of any material benefit to which the Company or any of its Subsidiaries is entitled thereunder, except for any default, termination, amendment, cancellation, acceleration or loss of material benefit related to Indebtedness other than Significant Indebtedness as would not, either in any case or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Nationsrent Inc)

Indebtedness of the Company. SCHEDULE Schedule 5.8 correctly describes all secured and unsecured Indebtedness of the Company and its Subsidiaries (other than intercompany items) outstanding, or for which the Company or one of its Subsidiaries has commitments, which is individually in excess of $5,000,000 ("Significant Indebtedness") (excluding operating leases), as of June 30, 1999the date set forth on Schedule 5.8. Neither the Company nor any of its Subsidiaries is in default with respect to any Indebtedness or any instrument or agreement relating thereto, nor has any event occurred (i) that with the giving of notice or the lapse of time or both would constitute a default thereunder, or (ii) that has given or that with the giving of notice or the lapse of time or both would give rise to a right of termination, amendment, cancellation or acceleration of any right or obligation of the Company or any of its Subsidiaries thereunder, or to a loss of any material benefit to which the Company or any of its Subsidiaries is entitled thereunder, except for any default, termination, amendment, cancellation, acceleration or loss of material benefit related to Indebtedness other than Significant Indebtedness as would not, either in any case or in the aggregate, have a Material Adverse Effect.. 9 5.9

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement 2 Preferred Stock Purchase Agreement (Morgan J P & Co Inc)

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Indebtedness of the Company. SCHEDULE Schedule 5.8 correctly describes all --------------------------- ------------ secured and unsecured Indebtedness of the Company and its Subsidiaries (other than intercompany items) outstanding, or for which the Company or one of its Subsidiaries has commitments, which is individually in excess of $5,000,000 ("Significant Indebtedness") (excluding operating leases), as of June 30, 1999the date set forth on Schedule 5.8. Neither the Company nor any of its Subsidiaries is in ------------ default with respect to any Indebtedness or any instrument or agreement relating thereto, nor has any event occurred (i) that with the giving of notice or the lapse of time or both would constitute a default thereunder, or (ii) that has given or that with the giving of notice or the lapse of time or both would give rise to a right of termination, amendment, cancellation or acceleration of any right or obligation of the Company or any of its Subsidiaries thereunder, or to a loss of any material benefit to which the Company or any of its Subsidiaries is entitled thereunder, except for any default, termination, amendment, cancellation, acceleration or loss of material benefit related to Indebtedness other than Significant Indebtedness as would not, either in any case or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Taunus Corp)

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