Accommodation Obligations Sample Clauses

Accommodation Obligations. No Borrower shall or shall permit any of its Subsidiaries to directly or indirectly create or become or be liable with respect to any Accommodation Obligation, except: (a) recourse obligations resulting from endorsement of negotiable instruments for collection in the ordinary course of its business; (i) Permitted Existing Accommodation Obligations and any extensions, renewals or replacements thereof, provided that the aggregate Indebtedness under any such extension, renewal or replacement is not greater than the Indebtedness under, and shall be on terms no less favorable to the Borrowers or such Subsidiary than the terms of, the Permitted Existing Accommodation Obligation so extended, renewed or replaced; and (ii) Accommodation Obligations evidenced by Financing Agreements of the type described in clause (c) of the definition thereof, and any renewal, amendment, restatement or replacement thereof permitted by the definition thereof; (c) Accommodation Obligations (i) arising under the Loan Documents, (ii) with respect to the Indebtedness permitted under Sections 9.01(d) so long as such Accommodation Obligations are unsecured and the remedies thereunder only arise after a default has occurred or is continuing under such related Indebtedness or (iii) otherwise in respect of the Indebtedness permitted under Section 9.01(a), (h), (i) or (q); (d) [Intentionally Omitted]; (e) Accommodation Obligations of the Credit Parties with respect to Lift Truck Financing Guarantees; (f) Accommodation Obligations (i) of Credit Parties with respect to Indebtedness of Credit Parties; (ii) of Borrower Subsidiaries not constituting Credit Parties with respect to Indebtedness of Credit Parties or Pledged Entities; (iii) of Pledged Entities with respect to Indebtedness of Pledged Entities; (iv) of Borrower Subsidiaries not constituting Credit Parties with respect to Indebtedness of Borrower Subsidiaries not constituting Credit Parties; and (v) of Credit Parties with respect to Indebtedness of Borrower Subsidiaries not constituting Credit Parties in an aggregate amount, together with Indebtedness permitted pursuant to Section 9.01(g)(v) and Investments permitted pursuant to Sections 9.04(e)(v) but without duplication, not to exceed $60,500,000; (g) Parent Subordinated Indebtedness; (h) Accommodation Obligations of the Borrower or any Subsidiary thereof in respect of Permitted Term B Loans; and (i) in addition to the Accommodation Obligations permitted by clauses (a) through (h) abov...
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Accommodation Obligations. None of Holdings, the Company or any of the Company's Subsidiaries shall directly or indirectly create or become or be liable with respect to any Accommodation Obligation, except: (a) Permitted Existing Accommodation Obligations; (b) Accommodation Obligations arising under the Loan Documents; (c) obligations, warranties and indemnities which have been or are undertaken or made in the ordinary course of business, in connection with the Transaction Documents or in connection with any sale of assets permitted under Section 9.02; (A) Accommodation Obligations of any Subsidiary of Holdings in respect of obligations of a Borrower or a Subsidiary Guarantor and (B) Accommodation Obligations of any Subsidiary of Holdings in respect of obligations of any other Subsidiary of Holdings (other than the Borrowers or the Subsidiary Guarantors) but only if the aggregate amount of such Accommodation Obligations does not exceed $17,500,000 at any time outstanding; and (e) Accommodation Obligations of the Company and Finsub pursuant to the Permitted Receivables Transaction Documents; and (f) Accommodation Obligations in respect of Indebtedness permitted under Section 9.01 or constituting a Lien permitted under Section 9.03 or an Investment permitted under Section 9.04.
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Accommodation Obligations. No Borrower shall, and Anixter shall not permit any Subsidiary of Anixter to, directly or indirectly, create or become or be liable with respect to any Accommodation Obligation involving Indebtedness of AXE or any Affiliate of AXE which is not a Subsidiary of Anixter. In addition, no Borrower shall, and Anixter shall not permit any Subsidiary to, directly or indirectly, create or become or be liable with respect to any Accommodation Obligation except: (a) guaranties resulting from endorsement of negotiable instruments for collection in the ordinary course of business; (b) Accommodation Obligations arising in connection with the Transaction Documents; (c) Accommodation Obligations by Anixter with respect to lessees’ obligations to third-party lessors under leases of Property purchased from Anixter and its Subsidiaries, in an aggregate amount not to exceed US$5,000,000; (d) Accommodation Obligations of Anixter and its Subsidiaries arising in connection with Hedging Contracts entered into with any of the Lenders; and (e) other Accommodation Obligations by Anixter and its Subsidiaries in an aggregate amount outstanding at any time not to exceed US$175,000,000; provided, however, that no such Accommodation Obligations shall be entered into or incurred after the occurrence and during the continuance of an Event of Default or Default.
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Accommodation Obligations. The Loan Parties shall not, directly or indirectly, create or become or be liable with respect to any Accommodation Obligation, except (i) recourse obligations resulting from endorsement of negotiable instruments for collection in the ordinary course of business, (ii) the Farm Bureau Guaranty, (iii) lease obligations in connection with office space in New York, New York where Stellex and Mentmore Holding Corporation will be joint tenants, (iv) Accommodation Obligations by one Loan Party on behalf of another Loan Party (other than Paragon until the Farm Bureau Consent has been delivered to the Administrative Agent) but only in connection with Indebtedness permitted pursuant to Section 9.01(i), (ii), (iii) (iv), (v), (vi), (vii), (viii), (x) or (xi), and (v) Accommodation Obligations by one Loan Party that is the acquiror or the target in connection with a Permitted Acquisition on behalf of another Loan Party that is the acquiror or the target in connection with such Permitted Acquisition but only in connection with Indebtedness permitted pursuant to Section 9.01(xiii) or (xiv).
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Accommodation Obligations. The Parent Guarantor shall ------------------------- not and shall not permit any of its Subsidiaries to directly or indirectly create or become or be liable with respect to any Accommodation Obligation, except: (a) recourse obligations resulting from endorse- ment of negotiable instruments for collection in the ordinary course of its business; (b) Permitted Existing Accommodation Obligations; (c) Accommodation Obligations (i) arising under the Loan Documents or (ii) included in the Indebtedness permitted under Section 10.1(a); and --------------- (d) Accommodation Obligations of the Parent Guarantor with respect to (i) Contractual Obligations of a Subsidiary Guarantor to provide goods or services or (ii) accounts payable of a Subsidiary Guarantor, in each case arising in the ordinary course of business; provided, however, that the Parent Guarantor -------- ------- shall not directly or indirectly create or become liable with respect to any Accommodation Obligation with respect to any obligation of a Restricted Subsidiary; (e) in addition to the Accommodation Obligations permitted by clauses (a) through (d) above, other unsecured Accommodation ---------- --- Obligations in an aggregate amount not to exceed $150,000 at any time outstanding.
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Accommodation Obligations. None of the Borrowers or any of ------------------------- the Restricted Subsidiaries shall directly or indirectly create or become or be liable with respect to any Accommodation Obligation, except: (a) Permitted Existing Accommodation Obligations; (b) Accommodation Obligations arising under the Transaction Documents; (c) obligations, warranties and indemnities, not with respect to Indebtedness of any Person, which have been or are undertaken or made in the ordinary course of business and not for the benefit of or in favor of an Affiliate of the Borrowers or any of the Borrowers' Subsidiaries; (d) Accommodation Obligations of (i) the Company in respect of any Subsidiary of the Company that is a Loan Party or of any such Loan Party in respect of the Company or any other such Loan Party or (ii) the Loan Parties in respect of any other Subsidiary of the Company that is not a Loan Party or of any Permitted Joint Venture, which Accommodation Obligations shall not cause (together with any Investments made pursuant to Section 9.04(d) and any Permitted Acquisitions made pursuant to clause --------------- (iii) of the definition thereof) the Maximum Subsidiary/Joint Venture Investment Amount to exceed $40,000,000 in the aggregate at any time; and (e) Accommodation Obligations of any Subsidiary of such Borrower in respect of obligations of such Borrower.
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Accommodation Obligations. Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, create or become or be liable with respect to any Accommodation Obligation, except: (i) guaranties resulting from endorsement of negotiable instruments for collection in the ordinary course of business; (ii) Accommodation Obligations arising in connection with the Transaction Documents; (iii) Accommodation Obligations of the Borrower pursuant to the GAQSC Guaranty; (iv) Accommodation Obligations with respect to any Indebtedness permitted by Section 7.01; and (v) Accommodation Obligations with respect to any Contractual Obligation of the Borrower or any Subsidiary (other than GAQSC, except as permitted by clause (iii) above) if such Contractual Obligation is not otherwise prohibited under this Agreement.
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Accommodation Obligations. None of the Company or any of the Subsidiaries shall directly or indirectly create or become or be liable with respect to any Accommodation Obligation, except:
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Accommodation Obligations. No member of the Barneys Group shall directly or indirectly create or become or be liable with respect to any Accommodation Obligation, except: (i) Permitted Existing Accommodation Obligations; (ii) obligations, warranties and indemnities, not with respect to Indebtedness of any Person, which have been or are undertaken or made in the ordinary course of business and not for the benefit of or in favor of an Affiliate of any Borrower; (iii) Accommodation Obligations under the Tax Sharing Agreement; and (iv) Accommodation Obligations with respect to Indebtedness permitted by Section 9.01, Investments permitted under Section 9.04 and Operating Leases permitted by Section 9.18.
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Accommodation Obligations. Neither the Borrower nor any of its Subsidiaries shall directly or indirectly create or become or be liable with respect to any Accommodation Obligation, except: (i) recourse obligations resulting from endorsement of negotiable instruments for collection in the ordinary course of business; (ii) Permitted Existing Accommodation Obligations; (iii) Accommodation Obligations arising under the Loan Documents or the Opco Loan Documents; and (iv) Accommodation Obligations of Recoil Holdings and Recoil Australia Holdings arising under the RCL Loan Documents.
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