Definition of Permitted Contingent Liabilities


Permitted Contingent Liabilities means guarantees or other contingently liabilities of Borrower for:

Examples of Permitted Contingent Liabilities in a sentence

Except with respect to Permitted Contingent Liabilities as set forth in Schedule 10.23 hereto (Permitted Contingent Liabilities), Borrower will not assume, guarantee, endorse or otherwise become contingently liable for the obligation of any other person, firm or corporation.
The Company will not guarantee or otherwise become directly or indirectly responsible (including under 32 38 an agreement to purchase any obligations, stock, assets, goods or services or to supply or advance any funds, assets, goods or services) for any Indebtedness or other obligation of any person, except for Permitted Contingent Liabilities.