Common use of Borrower Indebtedness Clause in Contracts

Borrower Indebtedness. Borrower will not incur or permit to exist any Indebtedness 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.

Appears in 8 contracts

Samples: Credit and Security Agreement (International Paper Co /New/), Credit and Security Agreement (International Paper Co /New/), Credit and Security Agreement (International Paper Co /New/)

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Borrower Indebtedness. The Borrower will not incur or permit to exist any Indebtedness or liability on account of deposits except: (iA) as provided in the Obligations, (ii) the Subordinated Loans, Transaction Documents and (iiiB) other current accounts payable arising in the ordinary course of business and not overdueoverdue in any material respect.

Appears in 7 contracts

Samples: Credit and Security Agreement (Quest Diagnostics Inc), Credit and Security Agreement (Quest Diagnostics Inc), Credit and Security Agreement (Quest Diagnostics Inc)

Borrower Indebtedness. Borrower will not incur or permit to exist any Indebtedness or liability on account of deposits except: (i) the Obligations, Obligations and (ii) the Subordinated Loans, and (iii) other current accounts payable arising in the ordinary course of business and not overdue.

Appears in 5 contracts

Samples: Credit and Security Agreement (Allied Waste Industries Inc), Credit and Security Agreement (Allied Waste Industries Inc), Credit and Security Agreement (Allied Waste Industries Inc)

Borrower Indebtedness. Borrower will not incur or permit to exist any Indebtedness 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.

Appears in 3 contracts

Samples: Credit and Security Agreement (Boston Scientific Corp), Credit and Security Agreement (Boston Scientific Corp), Credit and Security Agreement (Boston Scientific Corp)

Borrower Indebtedness. Borrower will not incur or permit to exist any Indebtedness or liability on account of deposits except: (i) the Obligations, and (ii) the Subordinated Loans, and (iii) other current accounts payable arising in the ordinary course of business and not overduebusiness.

Appears in 3 contracts

Samples: Credit and Security Agreement (Mohawk Industries Inc), Credit and Security Agreement (Mohawk Industries Inc), Credit and Security Agreement (Mohawk Industries Inc)

Borrower Indebtedness. The Borrower will not incur or permit to exist any Indebtedness or liability on account of deposits except: (i) the Obligations, and (ii) the Subordinated Loans, and (iii) other current accounts payable arising in the ordinary course of business and not overdue.

Appears in 2 contracts

Samples: Credit and Security Agreement (Acuity Brands Inc), Credit and Security Agreement (Zep Inc.)

Borrower Indebtedness. Except as contemplated by the Transaction Documents, Borrower will not incur or permit to exist any Indebtedness or liability on account of deposits except: (i) the Obligations, Borrower Obligations and (ii) the Subordinated Loans, and (iii) other current accounts payable arising in the ordinary course of business and not overdue, unless such overdue accounts payable are disputed and being contested in good faith.

Appears in 2 contracts

Samples: Credit and Security Agreement (Columbus McKinnon Corp), Credit and Security Agreement (Columbus McKinnon Corp)

Borrower Indebtedness. Borrower will not incur or permit to exist any Indebtedness or liability on account of deposits except: (i) the Obligations, (ii) the Subordinated Loans, and (iii) other current accounts payable to Servicer, as servicer, and to Bxxx Microproducts under the Administrative Support Agreement arising in the ordinary course of business and not overdue.

Appears in 1 contract

Samples: Credit and Security Agreement (Bell Microproducts Inc)

Borrower Indebtedness. The Borrower will not incur or permit to exist any Indebtedness or liability on account of deposits except: or advances or for borrowed money or for the deferred purchase price of any property or services, except (i) indebtedness arising under the Obligations, Transaction Documents and (ii) the Subordinated Loans, and (iii) other current accounts payable arising in the ordinary course of business and not overdue, in an aggregate amount at any time outstanding not to exceed $10,699 (excluding fees payable to professionals).

Appears in 1 contract

Samples: Credit and Security Agreement (Lanier Worldwide Inc)

Borrower Indebtedness. Borrower will not incur or permit to exist any Indebtedness or liability on account of deposits except: (i) the ObligationsAggregate Unpaids, (ii) the Subordinated LoansNotes, and (iii) other current accounts payable arising in the ordinary course of business and not overdue.

Appears in 1 contract

Samples: Credit and Security Agreement (Louisiana Pacific Corp)

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Borrower Indebtedness. Borrower will not incur or permit to --------------------- exist any Indebtedness or liability on account of deposits except: (i) the Obligations, and (ii) the Subordinated Loans, and (iii) other current accounts payable arising in the ordinary course of business and not overduebusiness.

Appears in 1 contract

Samples: Credit and Security Agreement (Mohawk Industries Inc)

Borrower Indebtedness. Neither Borrower will not incur or permit to exist any Indebtedness or liability on account of deposits except: (i) the Obligations, and (ii) the Subordinated Loans, and (iii) other current accounts payable arising in the ordinary course of business and not overdue.

Appears in 1 contract

Samples: Credit and Security Agreement (Acuity Brands Inc)

Borrower Indebtedness. The Borrower will not incur or permit to exist any Indebtedness or liability on account of deposits except: deposits, or assume, or become or remain liable for, directly or indirectly, any Indebtedness, whether by guarantee, endorsement, agreement to purchase or repurchase, agreement to supply or advance funds, or otherwise, except (i) the Obligations, Obligations and (ii) permitted under this Agreement, the Subordinated Loans, and (iii) Purchase Agreement or other current accounts payable arising in the ordinary course of business and not overdueTransaction Documents.

Appears in 1 contract

Samples: Credit and Security Agreement (Horizon Technology Finance Corp)

Borrower Indebtedness. Borrower will not incur or permit to exist any Indebtedness 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.

Appears in 1 contract

Samples: Credit and Security Agreement (PPL Electric Utilities Corp)

Borrower Indebtedness. Borrower will not incur or permit to exist any Indebtedness or liability on account of deposits except: (i) the Obligations, (ii) the Subordinated Loans, and (iii) other current accounts payable to Servicer, as servicer, and to Xxxx Microproducts under the Administrative Support Agreement arising in the ordinary course of business and not overdue.

Appears in 1 contract

Samples: Credit and Security Agreement (Bell Microproducts Inc)

Borrower Indebtedness. The Borrower will not incur or permit to exist any Indebtedness or liability on account of deposits except: (iA) Subordinated Loans incurred in accordance with the ObligationsSale Agreement and evidenced by a Subordinated Note, (iiB) current payables and expense reimbursement obligations arising under the Subordinated Loans, Transaction Documents and not overdue and (iiiC) other current accounts payable arising in the ordinary course of business and not overdue, in an aggregate amount at any time outstanding of less than $10,775.

Appears in 1 contract

Samples: Credit and Security Agreement (Precision Castparts Corp)

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