Common use of Contingent Liabilities Clause in Contracts

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for the obligation of any Person, including Borrower, a Subsidiary or Affiliate, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, and (b) contingent liabilities in favor of CNB.

Appears in 5 contracts

Samples: Credit Agreement (Sm&A), Accounts Receivable and Inventory Loan Agreement (Signature Eyewear Inc), Accounts Receivable Loan Agreement (Emergent Information Technologies Inc)

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Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for the obligation of any Person, Person including Borrower, a Subsidiary Subsidiary, or Affiliate, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, and (b) contingent liabilities in favor of CNB.

Appears in 4 contracts

Samples: Credit Agreement (Digital Insight Corp), Credit Agreement (Spectrum Laboratories Inc /Ca), Credit Agreement (Spectrum Laboratories Inc /Ca)

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for the obligation of any Person, Person including Borrower, a Subsidiary or any Affiliate, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, and (b) contingent liabilities in favor of CNB.

Appears in 3 contracts

Samples: Credit Agreement (Highbury Financial Inc), Credit Agreement (Highbury Financial Inc), Credit Agreement (Highbury Financial Inc)

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for the obligation of any Person, including Borrower, a Subsidiary or Affiliate, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, and (b) contingent liabilities Contingent Liabilities in favor of CNB, and (c) those outstanding on the date hereof and listed on Schedule 7.4.

Appears in 3 contracts

Samples: Credit and Security Agreement (RealD Inc.), Credit and Security Agreement (RealD Inc.), Credit and Security Agreement (RealD Inc.)

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for the obligation of any Person, including Borrower, a Subsidiary or Affiliate, except (ai) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, and (bii) contingent liabilities in favor of CNBLender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Signature Eyewear Inc), Loan and Security Agreement (Signature Eyewear Inc)

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Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for the obligation of any Person, including Borrower, a Subsidiary or Affiliate, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, and (b) contingent liabilities Contingent Liabilities in favor of CNB.

Appears in 1 contract

Samples: Credit and Security Agreement (RealD Inc.)

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for upon the obligation of any Personperson, including Borrowerfirm, a Subsidiary partnership, joint venture or Affiliatecorporation, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, business and (b) contingent liabilities in favor guaran- ties by the Borrower of CNBcontractual obligations (other than for the payment of borrowed money) of any Wholly Owned Subsidiary of the Borrower.

Appears in 1 contract

Samples: Financing and Security Agreement (Forensic Technologies International Corp)

Contingent Liabilities. Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for the obligation of any Person, including Borrower, a Subsidiary or Affiliate, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, (b) such obligations in amounts not to exceed $500,000.00 in the aggregate, and (bc) contingent liabilities in favor of CNB.

Appears in 1 contract

Samples: Credit Agreement (Emergent Group Inc/Ny)

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