Common use of At Loan Closing Clause in Contracts

At Loan Closing. Borrower and its Subsidiaries shall not have any outstanding Indebtedness, except Indebtedness arising under this Agreement, the Debentures, the Guaranties, Permitted Indebtedness or as set forth in Schedule 6.01. Borrower and its Subsidiaries will not incur or guarantee any Indebtedness senior to or pari passu with the Debentures, without the consent of the Lenders, except for bank debt and asset-based loans for Borrower's operations and acquisitions.

Appears in 2 contracts

Samples: Convertible Loan Agreement (Lifequest Medical Inc), Convertible Loan Agreement (Newcare Health Corp)

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At Loan Closing. Borrower and its Subsidiaries shall not have any outstanding Indebtedness, except Indebtedness arising under out of this Agreement, the Debentures, the Guaranties, Permitted Indebtedness or as set forth in Schedule 6.01. Borrower and or its Subsidiaries will not incur or guarantee any Indebtedness senior to or pari passu with the DebenturesIndebtedness, without the consent of the Lenders, except for bank debt and asset-based loans for Borrower's operations and acquisitions.unless:

Appears in 1 contract

Samples: Convertible Loan Agreement (Play by Play Toys & Novelties Inc)

At Loan Closing. Borrower and its Subsidiaries shall not have any outstanding Indebtedness, except Indebtedness arising under this Agreement, the Debentures, the Guaranties, or Permitted Indebtedness or as set forth in Schedule 6.01. Borrower and its Subsidiaries will not incur or guarantee any Indebtedness senior to or pari passu with the Debentures, without the consent of the LendersLender, except for bank debt and asset-asset based loans for Borrower's operations operations, and acquisitionsSenior Obligations.

Appears in 1 contract

Samples: Convertible Loan Agreement (Simtek Corp)

At Loan Closing. Borrower and its Subsidiaries shall not have any outstanding Indebtedness, except Indebtedness arising under this Agreement, the Debentures, the Guaranties, or Permitted Indebtedness or as set forth in Schedule 6.01Indebtedness. Borrower and its Subsidiaries will not incur or guarantee any Indebtedness senior to or pari passu PARI PASSU with the Debentures and the Renaissance Debentures, without the consent of the LendersLender, except for bank debt and assetAsset-based loans for Borrower's operations and acquisitionsBacked Acquisition or Operations Indebtedness.

Appears in 1 contract

Samples: Convertible Loan Agreement (Cover All Technologies Inc)

At Loan Closing. Borrower and its Subsidiaries shall not have any outstanding Indebtedness, except Indebtedness arising under this Agreement, the Debentures, the Guaranties, or Permitted Indebtedness or as set forth in Schedule 6.01. Borrower and its Subsidiaries will not incur or guarantee any Indebtedness senior to or pari passu with the Debentures, without the consent of the LendersLender, except for bank debt and asset-based loans for Borrower's operations and acquisitionsPermitted Indebtedness.

Appears in 1 contract

Samples: Convertible Loan Agreement (Gasco Energy Inc)

At Loan Closing. Borrower and its Subsidiaries shall not have any outstanding Indebtedness, except Indebtedness arising under this Agreement, the Debentures, the Guaranties, or Permitted Indebtedness or as set forth in Schedule 6.01Indebtedness. Borrower and its Subsidiaries will not incur or guarantee any Indebtedness senior to or pari passu PARI PASSU with the Debentures, without the consent of the LendersLender, except for bank debt Senior Obligations and asset-based loans for Borrower's operations and acquisitionsAcquisition Indebtedness.

Appears in 1 contract

Samples: Convertible Loan Agreement (Digital Recorders Inc)

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At Loan Closing. Borrower and its Subsidiaries shall not have any outstanding Indebtedness, except Indebtedness arising under this Agreement, the Debentures, the Guaranties, or Permitted Indebtedness or as set forth in Schedule 6.01. Borrower and its Subsidiaries will not incur or guarantee any Indebtedness senior to or pari passu with the Debentures, without the consent of the LendersLender, except for bank debt Senior Obligations and asset-based backed loans for Borrower's operations and or acquisitions.

Appears in 1 contract

Samples: Convertible Loan Agreement (Freepcsquote Com)

At Loan Closing. Borrower and its Subsidiaries shall not have any outstanding Indebtedness, except Indebtedness arising under this Agreement, the Debentures, the Guaranties, or Permitted Indebtedness or as set forth in Schedule 6.01Indebtedness. Borrower and its Subsidiaries will not incur or guarantee any Indebtedness senior to or pari passu PARI PASSU with the Debentures, without the consent of the LendersLender, except for bank debt and assetAsset-based loans for Borrower's operations and acquisitionsBacked Acquisition or Operations Indebtedness.

Appears in 1 contract

Samples: Convertible Loan Agreement (Cover All Technologies Inc)

At Loan Closing. Borrower and its Subsidiaries shall not have any material outstanding Indebtedness, except Indebtedness arising under this Agreement, the Debentures, the Guaranties, Permitted Indebtedness or as set forth in Schedule 6.01. Except for senior obligations for operations and/or acquisitions, Borrower and its Subsidiaries will not incur or guarantee any Indebtedness senior to or pari passu with the Debentures, without the consent of the Lenders, except for bank debt and asset-based loans for Borrower's operations and acquisitions.

Appears in 1 contract

Samples: Convertible Loan Agreement (Laserscope)

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