Indebtedness and Leases Sample Clauses

Indebtedness and Leases. No Seller will incur any indebtedness for borrowed money, guarantee any such indebtedness, issue or sell any debt securities, warrants, or rights to acquire any of its debt securities, or guarantee any debt securities of others other than, in each case, in the Ordinary Course of Business consistent with prior practice. In any event, no Seller will grant, permit, or suffer any Encumbrances (other than Permitted Encumbrances) on any of the Acquired Assets. No Seller will enter into any material Leases. Section 7.3
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Indebtedness and Leases. Except in the Ordinary Course of Business, neither LSi nor any of the LSi Subsidiaries shall incur any material indebtedness for borrowed money, guarantee any such indebtedness, issue or sell any debt securities, warrants, or rights to acquire any debt securities of itself or any of its Subsidiaries, guarantee any debt securities of others, or prepay any material indebtedness. LSi shall not, nor shall it permit any of the LSi Subsidiaries to, enter into any leases other than in the Ordinary Course of Business.
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Indebtedness and Leases. All existing indebtedness of the Borrower and the Guarantor, other than obligations to the Lender (i) for money borrowed under any credit agreement, loan agreement, promissory note, mortgage or similar agreement or (ii) under any guaranty, are described in the Financial Statements. The Financial Statements also contain a list and description of all leases and similar agreements or arrangements (including commitments classified as capital leases under generally accepted accounting principles) under which the Borrower or Guarantor is an obligor, if any. Except as described in the Financial Statements, neither the Borrower nor the Guarantor is an obligor under any material lease or contract of any kind. All parties (including the Borrower) to each such material lease or contract have complied with the provisions of such lease, contract or other commitment; no party is in default under any term or provision thereof, and no event has occurred which, but for the giving of notice or the passage of time, or both, would constitute a default.
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Indebtedness and Leases. The Company and the Parent shall not, nor shall it permit any of its Subsidiaries to, incur any indebtedness for
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Related to Indebtedness and Leases

  • Indebtedness and Liens (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

  • Indebtedness and Guaranties Incur any indebtedness for borrowed money other than in the ordinary course of business consistent with past practice with a term not in excess of one year; or incur, assume or become subject to, whether directly or by way of any guarantee or otherwise, any obligations or liabilities (absolute, accrued, contingent or otherwise) of any other person or entity, other than the issuance of letters of credit in the ordinary course of business and in accordance with the restrictions set forth in Section 5.2(r).

  • Indebtedness; Liens The Borrower shall not create, incur, assume or suffer to exist any Indebtedness other than the Obligations. The Borrower shall not create, incur or permit to exist any Lien in or on any of the Collateral subject to the Lien granted by the Borrower pursuant to this Agreement, other than Permitted Liens.

  • Existing Indebtedness; Future Liens (a) Except as described therein, Schedule 5.15 sets forth a complete and correct list of all outstanding Indebtedness of the Company and its Subsidiaries as of the dates specified in such Schedule (and specifying, as to each such Indebtedness, the collateral, if any, securing such Indebtedness), since which date there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the Company or its Subsidiaries. Neither the Company nor any Subsidiary is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Indebtedness of the Company or such Subsidiary and no event or condition exists with respect to any Indebtedness of the Company or any Subsidiary that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment.

  • Indebtedness of Subsidiaries The Borrower shall not permit any Subsidiary to create, incur, assume or suffer to exist any Indebtedness, except:

  • Indebtedness Create, incur, assume or suffer to exist any Indebtedness, except:

  • Indebtedness and Preferred Equity The Borrower will not, and will not permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness, except:

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