Restriction on Future Indebtedness with Bigger-District Creditors Sample Clauses

Restriction on Future Indebtedness with Bigger-District Creditors. Without the prior written consent of Aegis, (1) no Obligor will issue to any Bigger-District Creditor nor any Affiliate thereof, any additional indebtedness beyond the aggregate amount of the Bigger-District Debt outstanding as of the Effective Date (provided, for the avoidance of doubt, the aggregate principal amount of the A&R Bigger-District Notes shall in no event be permitted to exceed $524,290 at any time and further provided, for the avoidance of doubt, that (x) any fees, interest, or other obligations that become due or payable pursuant to the terms of any Bigger-District Note Document as in effect on the Effective Date shall not be deemed an issuance of “additional indebtedness” for purposes of this Section 11(a)(i)), (y) any principal, fees, interest, or other obligations that become due or payable pursuant to the terms of any of the A&R Bigger-District Unsecured Notes, A&R Bigger Warrant and A&R District 2 Warrant, or any 2024 Warrant held by Bigger or District 2, in each case as in effect on the Effective Date, shall not be deemed an issuance of “additional indebtedness” for purposes of this Section 11(a)(i)), and (z) the issuance by Eastside of any Kicker Note to Bigger and/or District in accordance with the 2024 Loan Agreement shall not be deemed an issuance of “additional indebtedness” for purposes of this Section 11(a)(i)), (2) no Obligor will grant any additional Lien as security for the Bigger-District Debt or any other indebtedness owing by any Obligor to any Bigger-District Creditor or any Affiliate thereof beyond those Liens granted as of the Effective Date pursuant to the Bigger-District Note Documents as in effect on the Effective Date (provided, for the avoidance of doubt, any Lien granted to the Bigger-District Creditors pursuant to the 2024 Security Agreement securing any Kicker Notes purchased by Bigger and/or District 2 pursuant to the 2024 Loan Agreement shall not be deemed an “additional Lien” for purposes of this Section 11(a)(i)), and (3) neither any Bigger-District Creditor nor any Affiliate thereof will accept any such issuance of additional indebtedness by any Obligor or the grant of any such additional Lien or enter into any agreement to effect the same. The Bigger-District Creditors and each of the Obligors agree and acknowledge that any issuance by any Obligor of any indebtedness to any Bigger-District Creditor or any Affiliate thereof and/or any grant by any Obligor of any Lien to any Bigger-District Creditor or any A...
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