No Other Lending or Debt Sample Clauses

No Other Lending or Debt. Except as disclosed to Agent in writing, and approved by Agent, or except as set forth in the Budget, there shall be no third–party debt on the Property or in Borrower, other than trade debt and Excepted Liens, and Borrower shall not make loans or advances of its funds or Master Line funds to any third party or to any Affiliate or any distributions or return of capital or investment to any member or shareholder of Borrower if such distribution or return of capital or investment would result in the violation of any covenant contained in this Agreement.
Sample 1
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No Other Lending or Debt. Except as disclosed to Lender in writing, and subordinated to and approved by Lender, or except as set forth in the Budget, there shall be no third-party debt on the Property or incurred by Borrower (except Century), other than trade debt in the ordinary course of business, and Borrower (except Century) shall not make loans or advances of its funds or Loan funds to any third party or to any Affiliate or any distributions or return of capital or investment to any member or shareholder of Borrower if such loan or advance or distribution or return of capital or investment would result in the violation of any covenant contained in this Agreement. Lender shall have the right, but not the obligation, to declare an Event of Default under the Loan if (a) there are any material uncured monetary or non-monetary defaults on any debt obligations on any other loans by Lender to Borrower), or (b) any Borrower (except Century) shall make any loans, advance any of its funds or the Loan funds to any third party or to any Affiliate, or any distributions or returns of capital or investment to any member or shareholder of Borrower in violation of the terms of this Agreement.
Sample 1

Related to No Other Lending or Debt

  • No Other Liens All Collateral delivered to a BNPP Entity shall be free and clear of all prior liens, claims and encumbrances (other than liens solely in favor of the BNPP Entities), and Customer will not cause or allow any of the Collateral, whether now owned or hereafter acquired, to be or become subject to any liens, security interests, mortgages or encumbrances of any nature other than security interests solely in the BNPP Entities’ favor. Furthermore, Collateral consisting of securities shall be delivered in good deliverable form (or the BNPP Entities shall have the power to place such securities in good deliverable form) in accordance with the requirements of the primary market or markets for such securities.

  • No Other Debt Borrower has not borrowed or received debt financing (other than permitted pursuant to this Agreement) that has not been heretofore repaid in full.

  • No Other Obligations The benefits payable to Executive under this Agreement are not in lieu of any benefits payable under any employee benefit plan, program or arrangement of the Company, except as specifically provided herein, and Executive will receive such benefits or payments, if any, as he may be entitled to receive pursuant to the terms of such plans, programs and arrangements. Except for the obligations of the Company provided by the foregoing and this Section 5, the Company shall have no further obligations to Executive upon his termination of employment.

  • No Other Negative Pledges The Borrower will not, and will not permit or cause any of its Subsidiaries to, directly or indirectly, enter into or suffer to exist any agreement or restriction that prohibits or conditions the creation, incurrence or assumption of any Lien upon or with respect to any part of its property or assets, whether now owned or hereafter acquired, or agree to do any of the foregoing, other than as set forth in (i) this Agreement, (ii) any agreement or instrument creating a Permitted Lien (but only to the extent such agreement or restriction applies to the assets subject to such Permitted Lien), and (iii) operating leases of real or personal property entered into by the Borrower or any of its Subsidiaries as lessee in the ordinary course of business.

  • No Other Indebtedness On the Closing Date and after giving effect to the transactions contemplated hereby, none of the Loan Parties nor any of their Subsidiaries have any Indebtedness other than Indebtedness permitted under Section 8.1.

  • No Other Subsidiaries Other than equity interests in Finance Corp and equity interests in the Subsidiaries, none of the MarkWest Entities owns, and at the applicable Closing Date, none will own, directly or indirectly, any equity or long-term debt securities of any corporation, partnership, limited liability company, joint venture, association or other entity.

  • No Other Representations No representation, promise or inducement has been made by either party that is not embodied in this Agreement, and neither party shall be bound by or be liable for any alleged representation, promise or inducement not so set forth.

  • No Other Licenses Neither Party grants to the other Party any rights or licenses in or to any intellectual property, whether by implication, estoppel, or otherwise, except to the extent expressly provided for under this Agreement.

  • No Other Modifications Except as modified by this Extension and Amendment, the provisions of the Agreement shall remain in full force and effect.

  • No Other Amendments or Waivers The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Lender under the Loan Agreement or any of the other Loan Documents, nor constitute a waiver of any provision of the Loan Agreement or any of the other Loan Documents. Except for the amendment set forth above, the text of the Loan Agreement and all other Loan Documents shall remain unchanged and in full force and effect and each Borrower and each Guarantor hereby ratifies and confirms its obligations thereunder. This Amendment shall not constitute a modification of the Loan Agreement or any of the other Loan Documents or a course of dealing with the Lender at variance with the Loan Agreement or the other Loan Documents such as to require further notice by the Lender to require strict compliance with the terms of the Loan Agreement and the other Loan Documents in the future, except as expressly set forth herein. Each Borrower and each Guarantor acknowledges and expressly agrees that the Lender reserves the right to, and does in fact, require strict compliance with all terms and provisions of the Loan Agreement and the other Loan Documents, as amended herein. No Borrower or Guarantor has knowledge of any challenge to the Lender’s claims arising under the Loan Documents, or to the effectiveness of the Loan Documents.

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