Common use of No Incremental Clause in Contracts

No Incremental. Equivalent Debt shall be incurred by or subject to any Guarantee by any Person other than the Borrower and the Guarantors, respectively, and shall not be secured by any property or assets of any Loan Party other than Collateral; provided, further, if such Incremental Equivalent Debt:

Appears in 3 contracts

Samples: Credit Agreement (MGP Ingredients Inc), Credit Agreement (MGP Ingredients Inc), Credit Agreement (MGP Ingredients Inc)

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No Incremental. Equivalent Debt shall be incurred by or subject to any Guarantee Guaranty by any Person other than the Borrower Company and the Guarantors, respectively, and shall not be secured by any property or assets of any Loan Note Party other than Collateral; provided, further, if such Incremental Equivalent Debt:

Appears in 2 contracts

Samples: Note Purchase and Private Shelf Agreement (MGP Ingredients Inc), Note Purchase and Private Shelf Agreement (MGP Ingredients Inc)

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