Common use of Restriction on Indebtedness Clause in Contracts

Restriction on Indebtedness. Borrower will not create, incur, assume or have outstanding any indebtedness for borrowed money (including capitalized leases) except:

Appears in 2 contracts

Samples: Credit Agreement (Daktronics Inc /Sd/), Credit Agreement (Daktronics Inc /Sd/)

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Restriction on Indebtedness. The Borrower will not create, incur, assume or have outstanding any indebtedness for borrowed money (including capitalized leases) except:except (i) any indebtedness owing to the Bank and its affiliates, and (ii) any other indebtedness outstanding on the date hereof, and shown on the Borrower's financial statementsdelivered to the Bank prior to the date hereof, provided that such other indebtedness will not be increased.

Appears in 1 contract

Samples: Term Loan Agreement (Park City Group Inc)

Restriction on Indebtedness. The Borrower will not create, incur, assume or have outstanding any indebtedness for borrowed money (including capitalized leases) except:except (i) any Indebtedness owing to the Bank and its affiliates, and (ii) any other indebtedness outstanding on the date hereof, and shown on the Borrower’s financial statements delivered to the Bank prior to the date hereof, provided that such other indebtedness will not be increased.

Appears in 1 contract

Samples: Term Loan Agreement (Rochester Medical Corporation)

Restriction on Indebtedness. The Borrower will not create, incur, assume or have outstanding any indebtedness for borrowed money (including capitalized leases) except:except (i) any indebtedness owing to the Bank, and (ii) any other indebtedness outstanding on the date hereof, and shown on the Borrower s financial statements delivered to the Bank prior to the date hereof, provided that such other indebtedness will not be increased.

Appears in 1 contract

Samples: Term Note (Oakridge Holdings Inc)

Restriction on Indebtedness. The Borrower will not create, incur, assume or have outstanding any indebtedness for borrowed money (including capitalized leases) except:except (i) any indebtedness, owing to the Bank and its affiliates, and (ii) any other indebtedness outstanding on the date hereof, and shown on the Borrower’s financial statements delivered to the Bank prior to the date hereof, provided that such other indebtedness will not be increased.

Appears in 1 contract

Samples: Term Loan Agreement (Outdoor Channel Holdings Inc)

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Restriction on Indebtedness. Borrower will not create, incur, assume or have outstanding any indebtedness for borrowed money (including capitalized leases) except:except (i) any indebtedness owing to the Lender and its affiliates, and (ii) any other indebtedness outstanding on the date hereof, and shown on the Borrower’s financial statements delivered to the Lender prior to the date hereof, provided that such other indebtedness will not be increased.

Appears in 1 contract

Samples: Credit Agreement (New Age Beverages Corp)

Restriction on Indebtedness. Borrower will Debtor shall not create, incur, assume or have outstanding any indebtedness for borrowed money (including capitalized leases) except:

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Superior Consultant Holdings Corp)

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