Common use of New Debt Clause in Contracts

New Debt. Through and including the New Maturity Date, Borrower will not incur any additional debt except for unsecured trade debt incurred in the ordinary course of business without the prior written consent of Lender in its sole and absolute discretion.

Appears in 3 contracts

Sources: Modification Agreement (Vineyard National Bancorp), Modification Agreement (Vineyard National Bancorp), Modification Agreement (Vineyard National Bancorp)

New Debt. Through and including the New Maturity Date, ,Borrower will not incur any additional debt except for unsecured trade debt incurred in the ordinary course of business without the prior written consent of Lender in its sole and absolute discretion.

Appears in 2 contracts

Sources: Modification Agreement (Vineyard National Bancorp), Modification Agreement (Vineyard National Bancorp)

New Debt. Through and including the New Maturity Date, ,Borrower will not incur any additional debt except for unsecured trade debt incurred in the ordinary course of business without businesswithout the prior written consent of Lender in its sole and absolute discretion.

Appears in 1 contract

Sources: Modification Agreement (Vineyard National Bancorp)