Debt and Liens. Corporation will in reasonable time and due manner inform the Purchaser of any new liens and debts incurred by the Corporation and/or its Subsidiaries while the Principal and accrued Interest is outstanding.
Debt and Liens. Schedule 4.14 is a complete and correct list of each item of Consolidated Total Debt of the Borrower and its Consolidated Subsidiaries in excess of $100,000 (setting forth with respect to each such item the amount and stated maturity of Consolidated Total Debt outstanding, the identity of the Person to whom such Consolidated Total Debt is owed and the date such Consolidated Total Debt was incurred) and each Lien securing any such Debt (setting forth with respect to each such Lien the property subject to such Lien) as of the Closing Date; provided that the aggregate amount of Consolidated Total Debt excluded from this sentence by virtue of being $100,000 or less shall not exceed $5,000,000. The Borrower and its Consolidated Subsidiaries have complied in all material respects with all of the terms of such Debt and Liens and all instruments and agreements relating thereto, and no default or event of default, or event or condition which with notice or lapse of time or both would constitute such a default or event of default on the part of the Borrower or its Consolidated Subsidiaries exists with respect to any such Debt or Lien. None of the properties and assets of the Borrower or any Subsidiary thereof is subject to any Lien, except Liens permitted pursuant to Section 5.13.
Debt and Liens. The Borrowers and their Subsidiaries have no Debt as defined in the Credit Agreement, except as disclosed below: LENDER COLLATERAL/LIEN ------ --------------- 1. MR. & MRS. XXXXXX XXXXXXX 3 1/2 acres of land @ MORTGAGE - Dickxxx XXX 4001 Xxxxxxxx Xxxxxxx $313,786 OUTSXXXXXXX XX 00-00-00 Xxx Orleans, LA
Debt and Liens. Except as disclosed in Section 6.9 of the Company Disclosure Schedule, all Indebtedness of the Company and the Subsidiaries shall have been repaid and all Liens on assets of the Company and each Subsidiary securing, and all guarantees by the Company and each Subsidiary of, any indebtedness shall have been released, in each case other than with respect to any indebtedness owing to the Company or a Subsidiary.
Debt and Liens. 43 6.17 Litigation......................................................43 6.18
Debt and Liens. Schedule 6.16 is a complete and correct list, as of the date hereof, of each item of Indebtedness of the Borrowers in excess of $100,000 and each Lien securing such Indebtedness, each of which is permitted under the terms of Sections 9.1 and 9.2, respectively. Each of the Borrowers and their Subsidiaries have performed and are in compliance with all of the terms of such Indebtedness and Liens and all instruments and agreements relating thereto, and no default or event of default, or event or condition which with notice or lapse of time or both would constitute such a default or event of default on the part of any Borrower or any of its Subsidiaries exists with respect to any such Indebtedness or Liens. None of the properties and assets of any of Borrower or any of its Subsidiaries thereof is subject to any Lien, except for Permitted Liens.
Debt and Liens. Other than the anticipated transaction with Frontwell Capital Partners (pursuant Centurion Refinancing), the Corporation will not, and will not permit its Subsidiaries to, incur Debt other than for Permitted Debt and will not, and will not permit its Subsidiaries to, create, grant, assume or suffer to exist any Lien upon any of its properties or assets other than Permitted Liens, unless approved by the Purchaser.
Debt and Liens. Maker has no liabilities other than liabilities owed to Senior Lender or liabilities incurred in the ordinary course of business in connection with the transactions contemplated by the Purchase Agreement. Maker’s assets are not subject to liens and encumbrances other than liens in favor of Senior Lender or Holder.
Debt and Liens. Schedule 4.14 is a complete and correct list of each item of Consolidated Total Debt of the Borrower and its Subsidiaries (setting forth with respect to each such item the amount and stated maturity of Consolidated Total Debt Outstanding, the identity of the Person to whom such Consolidated Total Debt is owed and the date such Consolidated Debt was incurred) and each Lien securing any such Debt (setting forth with respect to each such Lien the property subject to such Lien) as of the Closing Date. The Borrower and its Subsidiaries have complied in all material respects with all of the terms of such Debt and Liens and all instruments and agreements relating thereto, and no default or event of default, or event or condition which with notice or lapse of time or both would constitute such a default or event of default on the part of the Borrower or its Subsidiaries exists with respect to any such Debt or Lien. None of the properties and assets of the Borrower or any Subsidiary thereof is subject to any Lien, except Liens permitted pursuant to Section 5.13.
Debt and Liens. 18 3.7 [Intentionally Omitted]..........................................18 3.8 Consents.........................................................18 3.9
