Common use of Limitation on Guaranties Clause in Contracts

Limitation on Guaranties. The Borrower shall not, and shall cause each of its Subsidiaries not to, at any time Guaranty, assume, be obligated with respect to, or permit to be outstanding any Guaranty of, any obligation of any other Person other than (a) a guaranty by endorsement of negotiable instruments for collection in the ordinary course of business, (b) obligations under agreements of the Borrower or any of its Subsidiaries entered into in connection with leases of real property or the acquisition of services, supplies and equipment in the ordinary course of business of the Borrower or any of its Subsidiaries, (c) Guaranties permitted by Section 7.1(e) hereof, or (d) as may be contained in any Loan Document.

Appears in 2 contracts

Samples: Loan Agreement (Cellnet Data Systems Inc), Loan Agreement (Cellnet Data Systems Inc)

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Limitation on Guaranties. The Borrower shall not, and shall cause each not permit any of its Subsidiaries not to, at any time Guaranty, assume, be obligated with respect to, or permit to be outstanding any Guaranty of, any obligation of any other Person other than (a) a guaranty by endorsement of negotiable instruments for collection in the ordinary course of business, (b) obligations under agreements of the Borrower or any of its Subsidiaries entered into in connection with leases of real property or the acquisition of services, supplies and equipment in the ordinary course of business of the Borrower or any of its Subsidiaries, or (c) Guaranties of Indebtedness incurred as permitted by pursuant to Section 7.1(e) 7.1 hereof, or (d) as may be contained in any Loan Document.

Appears in 2 contracts

Samples: Loan Agreement (Paging Network Inc), Loan Agreement (Paging Network Inc)

Limitation on Guaranties. The Borrower shall not, and shall cause each not permit any of its Subsidiaries not to, at any time Guaranty, assume, be obligated with respect to, or permit to be outstanding any Guaranty of, any obligation of any other Person other than (a) a guaranty by endorsement of negotiable instruments for collection in the ordinary course of business, (b) obligations under agreements of the Borrower or any of its Subsidiaries entered into in connection with leases of real property or the acquisition of services, supplies and equipment in the ordinary course of business of the Borrower or any of its Subsidiaries, (c) Guaranties of Indebtedness incurred as permitted by pursuant to Section 7.1(e) 7.1 hereof, or (d) as may be contained in any Loan DocumentDocument including, without limitation, the Subsidiary Guaranty, or (e) in its capacity as a general partner in any of its Subsidiaries.

Appears in 1 contract

Samples: Loan Agreement (Rural Cellular Corp)

Limitation on Guaranties. The Borrower shall not, and shall cause each not permit any of its Subsidiaries not to, at any time Guaranty, assume, be obligated with respect to, or permit to be outstanding any Guaranty of, any obligation of any other Person other than (a) a guaranty by endorsement of negotiable instruments for collection in the ordinary course of business, (b) obligations under agreements of the Borrower or any of its Subsidiaries entered into in connection with leases of real property or the acquisition of services, supplies and equipment in the ordinary course of business of the Borrower or any of its Subsidiaries, (c) Guaranties of Indebtedness incurred as permitted by pursuant to Section 7.1(e) 7.1 hereof, or (d) as may be contained in any Loan Document, including, without limitation, the Subsidiary Guaranty, or (e) in its capacity as a general partner in any of its Subsidiaries.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Rural Cellular Corp)

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Limitation on Guaranties. The Borrower shall not, and shall cause each ------------------------ not permit any of its Subsidiaries not to, at any time Guaranty, assume, be obligated with respect to, or permit to be outstanding any Guaranty of, any obligation of any other Person other than (a) a guaranty Guaranties by endorsement of negotiable instruments for collection in the ordinary course of business, (b) obligations under agreements of the Borrower or any of its Subsidiaries entered into in connection with leases of real property or the acquisition of services, supplies and equipment in the ordinary course of business of the Borrower or any of its Subsidiaries, and (c) Guaranties permitted by described in Section 7.1(e7.1(g) hereof, or (d) as may be contained in any Loan Document.

Appears in 1 contract

Samples: Loan Agreement (Cencom Cable Entertainment Inc /New)

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