Limitation on Guarantee Obligations. Borrower shall not create, incur, assume or suffer to exist any Guarantee Obligations except (a) in the ordinary course or for (i) product warranties; or (ii) return or replacement guaranties and similar assurances made by Borrower with respect to products sold to customers in the ordinary course of business and in accordance with its past practices; or (b) as do not exceed $25,000 in aggregate.
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Samples: Convertible Loan Agreement, Convertible Loan Agreement (Roundball LLC), Convertible Loan Agreement (Hickok Inc)
Limitation on Guarantee Obligations. Borrower shall not create, incur, assume or suffer to exist any Guarantee Obligations Obligation except (a) in the ordinary course or for (i) product warranties; or (ii) return or replacement guaranties and similar assurances made by Borrower with respect to products sold to customers in the ordinary course of business and in accordance with its the past practicespractices of Borrower; or and (biii) as do not exceed $25,000 endorsements of checks for deposit in aggregatethe normal course of business.
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Samples: Warrant Agreement (Qep Co Inc)
Limitation on Guarantee Obligations. Borrower shall not create, incur, assume or suffer to exist any Guarantee Obligations Obligation except (a) in the ordinary course or for for: (i) product warranties; or and (ii) return or replacement guaranties and similar assurances made by Borrower with respect to products sold to customers in the ordinary course of business and in accordance with its the past practices; or (b) as do not exceed $25,000 in aggregatepractices of such Borrower.
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Samples: Subordinated Loan and Security Agreement (Riviera Tool Co)
Limitation on Guarantee Obligations. The Borrower shall not create, incur, assume or suffer to exist any Guarantee Obligations Obligation except (a) in the ordinary course or for (i) product warranties; or and (ii) return or replacement guaranties and similar assurances made by Borrower with respect to products sold to customers in the ordinary course of business and in accordance with its the past practices; or (b) as do not exceed $25,000 in aggregatepractices of such Borrower.
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Samples: Loan and Security Agreement (Dpac Technologies Corp)
Limitation on Guarantee Obligations. Borrower The Borrowers shall not create, incur, assume or suffer to exist any Guarantee Obligations Obligation except (a) in the ordinary course or for (i) product warranties; or and (ii) return or replacement guaranties and similar assurances made by Borrower Borrowers with respect to products sold to customers in the ordinary course of business and in accordance with its the past practices; or (b) as do not exceed $25,000 in aggregatepractices of such Borrower.
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