Borrower Debt. Borrower will not incur or permit to exist any Debt or liability on account of deposits except: (i) the Obligations, (ii) the Subordinated Loans, and (iii) other current accounts payable arising in the ordinary course of business and not overdue.
Borrower Debt. Permit the Borrower or any Subsidiary of the Borrower (other than Panhandle and its Subsidiaries) to create, incur, assume or suffer to exist any debt (as such term is construed in accordance with GAAP) other than:
Borrower Debt. The Borrower will not incur or permit to exist any Debt, except (A) Debt of the Borrower to the Transferor incurred in accordance with the Purchase and Resale Agreement, (B) as contemplated by the Transaction Documents and (C) other current accounts specifically payable in the ordinary course of business and not overdue in an aggregate amount of any time outstanding not to exceed $25,000.
Borrower Debt. 2 1.20 Borrower Pension Plan.......................................................2 1.21
Borrower Debt. In the case of the Borrower only, create, incur or suffer to exist any Debt, other than (i) Debt arising under the Loan Documents and the Existing Credit Agreement and the Surviving Credit Facilities, (ii) Debt existing on the Closing Date as described on Schedule III, which Debt shall not be renewed, extended or replaced except for guarantees of surety bonds with respect to xxxxxxx'x compensation claims and performance bonds in an aggregate amount not to exceed $10,000,000 at any time outstanding and (iii) other Debt not to exceed $75,000,000 at any one time outstanding.
Borrower Debt. The Borrower will not incur or permit to exist Indebtedness of the Borrower to exceed 45%, of the sum of the Borrower's tangible net worth and its Long Term Debt. As
Borrower Debt. The Borrower will not incur or permit to exist Indebtedness of the Borrower to exceed 45%, of the sum of the Borrower's tangible net worth and its Long Term Debt. As used herein, "tangible net worth" means the excess of total assets over total liabilities, total assets and total liabilities each to be
