Common use of Guaranteed Indebtedness Clause in Contracts

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.

Appears in 55 contracts

Samples: Credit Agreement, Credit Agreement (Insteel Industries Inc), Credit Agreement (Insteel Industries Inc)

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Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.except:

Appears in 14 contracts

Samples: Credit Agreement (H&E Equipment Services, Inc.), Credit Agreement (Otelco Inc.), Credit Agreement (H&E Equipment Services, Inc.)

Guaranteed Indebtedness. No Credit Party shall, nor shall it permit any of its Subsidiaries to, create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.except:

Appears in 2 contracts

Samples: Credit Agreement (Kmart Holding Corp), Credit Agreement (Kmart Holding Corp)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this AgreementAgreement other than Indebtedness, if any, of a Target existing at the time such Target is acquired and (c) Guaranteed Indebtedness summarized on Disclosure Schedule (6.6).

Appears in 2 contracts

Samples: Credit Agreement (Verdant Brands Inc), Credit Agreement (Verdant Brands Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary Indebtedness or other obligation (other than Indebtedness permitted under Sections 6.3(a)(vi) and (vii)) is expressly permitted by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Applied Extrusion Technologies Inc /De), Credit Agreement (Applied Extrusion Technologies Inc /De)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness in an aggregate amount greater than $1,000,000 except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit PartyParty (other than a Non-Guarantor Subsidiary), and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party (other than a Non-Guarantor Subsidiary) if the primary obligation is expressly permitted by this AgreementAgreement and (c) reimbursement obligations in respect of Permitted L/Cs.

Appears in 2 contracts

Samples: Credit Agreement (Odyssey Healthcare Inc), Credit Agreement (Odyssey Healthcare Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement, (c) for Guaranteed Indebtedness arising in connection with operating leases entered into by a Credit Party from time to time and (d) for customary Guaranteed Indebtedness incurred by such Credit Party in favor of title insurers.

Appears in 2 contracts

Samples: Credit Agreement (Reading International Inc), Credit Agreement (Reading International Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement, provided that neither Borrower nor any of its Domestic Subsidiaries shall create, incur, assume or permit to exist any Guaranteed Indebtedness for the benefit of Holdings or any Foreign Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Roller Bearing Co of America Inc), Credit Agreement (Roller Bearing Co of America Inc)

Guaranteed Indebtedness. No Credit Loan Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Loan Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Loan Party if the primary obligation is expressly permitted by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Princeton Review Inc), Pledge Agreement (Brightpoint Inc)

Guaranteed Indebtedness. No Credit Party shall, nor shall such Credit Party permit any of its Subsidiaries to, create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted not otherwise prohibited by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (SITEL Worldwide Corp), Credit Agreement (Catalog Resources, Inc.)

Guaranteed Indebtedness. No Credit Party shall create, incur, ----------------------- assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Peets Coffee & Tea Inc), Credit Agreement (Measurement Specialties Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this AgreementAgreement other than Indebtedness, if any, of a Target existing at the time such Target is acquired.

Appears in 2 contracts

Samples: Credit Agreement (Hi Rise Recycling Systems Inc), Credit Agreement (Ringer Corp /Mn/)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist incur any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Key Tronic Corp)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this AgreementAgreement other than Indebtedness, if any, of a Target (including the operations of the business which is the subject of the Acquisition) existing at the time such Target is acquired.

Appears in 1 contract

Samples: Credit Agreement (Standard Motor Products Inc)

Guaranteed Indebtedness. No Neither Holdings nor any Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Partysuch Person, and (b) for Guaranteed Indebtedness incurred for the benefit of any other a Credit Party if the primary obligation is expressly permitted by this AgreementAgreement other than Indebtedness, if any, of a Target existing at the time such Target is acquired.

Appears in 1 contract

Samples: Credit Agreement (Mim Corp)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for 39 Junior Credit Agreement (Omni) deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Omni Energy Services Corp)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this AgreementAgreement and (c) guarantees of the Second Lien Loans by any Credit Party that has guaranteed the Obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Black Warrior Wireline Corp)

Guaranteed Indebtedness. No Credit Party (other than Holdings) shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement, and (c) the Seller Guaranty.

Appears in 1 contract

Samples: Credit Agreement (United Shipping & Technology Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this AgreementAgreement and (c) a guaranty by Borrower of the obligations of F.G. Aviation, Inc. in an amount not to exceed $2,100,000.

Appears in 1 contract

Samples: Credit Agreement (510152 N B LTD)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement, including the Subordinated Debt and Surety Obligations.

Appears in 1 contract

Samples: Credit Agreement (Playcore Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted not prohibited by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Bon Ton Stores Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) the Guarantees, (b) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (bc) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this AgreementAgreement other than Indebtedness, if any, of a Target existing at the time such Target is acquired.

Appears in 1 contract

Samples: Credit Agreement (Radio Unica Corp)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party other than an Unrestricted Subsidiary if the primary obligation is expressly permitted by this Agreement, and (c) prior to the Closing Date only, the Prior Lender Obligations.

Appears in 1 contract

Samples: Credit Agreement (Amedisys Inc)

Guaranteed Indebtedness. No Credit Loan Party shall, and no Loan Party shall permit any of its Subsidiaries to, create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, such Person and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Loan Party (other than Holdings or any Foreign Subsidiary) if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Chuy's Holdings, Inc.)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this AgreementAgreement other than Indebtedness, if any, of a Target existing at the time such Target is acquired, Indebtedness of Parent not guaranteed by any of its Subsidiaries as of the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Finlay Fine Jewelry Corp)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, (b) Subordinated Debt, and (bc) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Carmike Cinemas Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement, including, without limitation, the Senior Notes.

Appears in 1 contract

Samples: Credit Agreement (Thermadyne Holdings Corp /De)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.. Back to Contents

Appears in 1 contract

Samples: Credit Agreement (Black Warrior Wireline Corp)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this AgreementAgreement and (c) reimbursement obligations in respect of Permitted L/Cs.

Appears in 1 contract

Samples: Credit Agreement (Odyssey Healthcare Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this AgreementAgreement other then Indebtedness, if any, of a Target existing at the time such Target is acquired.

Appears in 1 contract

Samples: Credit Agreement (Pediatric Services of America Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this AgreementAgreement and (c) the entry by Parent into the Parent Guaranty.

Appears in 1 contract

Samples: Credit Agreement (Rand Logistics, Inc.)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted not otherwise prohibited by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Fibermark Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement., and (c) the guaranty of the mortgage on the Montvale Property, which guaranty shall be unsecured. 6.7

Appears in 1 contract

Samples: Credit Agreement (Butler International Inc /Md/)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted not prohibited by this AgreementAgreement other than Indebtedness, if any, of a Target existing at the time such Target is acquired.

Appears in 1 contract

Samples: Credit Agreement (Superior Energy Services Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist incur any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement; provided, that in no event shall (i) any Credit Party guarantee the Indebtedness of any Target permitted by Section 6.1 (c)(v) and (ii) any domestic Credit Party guarantee the Indebtedness of any foreign Credit Party.

Appears in 1 contract

Samples: Credit Agreement (Liposome Co Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement or the Canadian Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Ddi Corp)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for 37 Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Assignment Agreement (Morton Industrial Group Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a1) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b2) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement, and, for greater certainty, each Borrower shall be entitled to guarantee trade indebtedness incurred by the other Borrower on an unsecured basis in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Hockey Co)

Guaranteed Indebtedness. No Credit Party nor any of its ----------------------- Subsidiaries shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit PartyParty or Subsidiary, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.Agreement and (c) for Guaranteed Indebtedness described on Disclosure Schedule (6.3). -------------------------

Appears in 1 contract

Samples: Credit Agreement (Callaway Golf Co /Ca)

Guaranteed Indebtedness. No Credit Consolidated Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement, (c) Employee Unit Plan Guarantees and (d) existing Guaranteed Indebtedness described in Disclosure Schedule 7.7.

Appears in 1 contract

Samples: Credit Agreement (Clean Harbors Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, ----------------------- assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted not prohibited by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Bon Ton Stores Inc)

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Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and Guaranties; (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.endorsement of

Appears in 1 contract

Samples: Credit Agreement (Per Se Technologies Inc)

Guaranteed Indebtedness. No The Credit Party Parties shall not create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party Borrower if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Life Time Fitness Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement and (c) guarantees by any of the Credit Parties (other than SMC) delivered to Carlisle Finance in connection with the Subordinated Debt, provided that such guarantees are subject to the Subordination Agreement.

Appears in 1 contract

Samples: Credit Agreement (Carlisle Holdings LTD)

Guaranteed Indebtedness. No Credit Party nor any of its Subsidiaries ----------------------- shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit PartyParty or Subsidiary, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.Agreement and (c) for Guaranteed Indebtedness described on Disclosure Schedule (6.3). -------------------------

Appears in 1 contract

Samples: Credit Agreement (Callaway Golf Co /Ca)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.Indebtedness

Appears in 1 contract

Samples: Credit Agreement (Code Alarm Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, or assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for unless such Guaranteed Indebtedness would be permitted to be incurred for the benefit of any other directly by such Credit Party if the primary obligation is expressly permitted by this Agreementpursuant to Section 6.3.

Appears in 1 contract

Samples: Credit Agreement (Gateway Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this AgreementAgreement and (c) guarantees of the First Lien Loans by any Credit Party that has guaranteed the Obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Black Warrior Wireline Corp)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this AgreementAgreement and (c) as set forth on Disclosure Schedule (6.6).

Appears in 1 contract

Samples: Credit Agreement (Rand Logistics, Inc.)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement, and (c) indemnification obligations incurred in the ordinary course of business in connection with transactions that are otherwise permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (American Lawyer Media Holdings Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party or any Subsidiary Guarantor if the primary obligation is expressly permitted by the express terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Drilling Co)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement or the US Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Ddi Corp)

Guaranteed Indebtedness. No Such Credit Party shall not create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement; provided, that neither Borrower nor any of its Domestic Subsidiaries shall create, incur, assume or permit to exist any Guaranteed Indebtedness for the benefit of Holdings or any Foreign Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Roller Bearing Co of America Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for 39 Senior Credit Agreement (Omni) deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Omni Energy Services Corp)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this AgreementAgreement and (c) for Guaranteed Indebtedness that is unsecured for which the primary obligor is an SPV Subsidiary in connection with third party lender financing (i.e., with funds other than the Obligations).

Appears in 1 contract

Samples: Credit Agreement (Itron Inc /Wa/)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement, (c) the guaranty of the Montvale Property Mortgage Loan, which guaranty shall be unsecured and (d) Guaranteed Indebtedness not to exceed $100,000 in the aggregate.

Appears in 1 contract

Samples: Credit Agreement (Butler International Inc /Md/)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, (b) Guaranteed Indebtedness with respect to the Obligations and (bc) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Code Alarm Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred expressly set forth on Disclosure Schedule 3.24 or Disclosure Schedule 6.6 and (c) for the benefit of any other Credit Party if the primary obligation is expressly permitted by this AgreementGuaranties provided for herein.

Appears in 1 contract

Samples: Credit Agreement (Energy Coal Resources, Inc.)

Guaranteed Indebtedness. No Credit Party shall create, incur, ------------------------ assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (American Eco Corp)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) for the Obligations, (b) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, (c) any Guaranteed Indebtedness under the Receivables Funding Documents, and (bd) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Labor Ready Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement, PROVIDED that neither Borrower nor any of its Domestic Subsidiaries shall create, incur, assume or permit to exist any Guaranteed Indebtedness for the benefit of Holdings or any Foreign Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Roller Bearing Co of America Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement; provided that no US Credit Party may guaranty any Indebtedness incurred pursuant to Section 6.3(g) except for any guaranties existing as of the Closing Date and described on Disclosure Schedule (6.6).

Appears in 1 contract

Samples: Credit Agreement (Measurement Specialties Inc)

Guaranteed Indebtedness. No Borrower or Credit Party shall create, incur, or assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for unless such Guaranteed Indebtedness would be permitted to be incurred for the benefit of any other directly by such Borrower or such Credit Party if the primary obligation is expressly permitted by this Agreementpursuant to Section 6.3.

Appears in 1 contract

Samples: Credit Agreement (Integrated Healthcare Holdings)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted to be incurred by such Person by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Huttig Building Products Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Postpetition Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Allied Holdings Inc)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this AgreementAgreement and (c) guaranty obligations with respect to the Working Capital Loans.

Appears in 1 contract

Samples: Credit Agreement (Navarre Corp /Mn/)

Guaranteed Indebtedness. No Credit Party shall create, incur, assume or permit to exist incur any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party consisting of payments under the Store leases or if the primary obligation is otherwise expressly permitted by this AgreementAgreement and (c) the Barclays customs bond for the Foreign Subsidiaries described in Section 6.3(j).

Appears in 1 contract

Samples: Credit Agreement (Wilsons the Leather Experts Inc)

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