Creation of Debt. Create, assume or suffer to exist any Debt or any Guarantee, except for Permitted Debt.
Creation of Debt. Each Authorization shall create a debt of the relevant amount from You to FundScrip and shall be debited from the Authorized Account. Furthermore, each debit made from the Authorized Account(s), shall be treated the same as if You had personally issued a cheque authorizing Your financial institution to pay FundScrip. You will not request the reimbursement in respect to any Authorization that has been initiated by the use of the Password.
Creation of Debt. Except as provided in paragraph 8.4, neither the Borrowers nor any of Borrower Subsidiaries will incur, create or suffer to exist any indebtedness for borrowed money, or issue, discount or sell any obligation of the Borrowers or Borrower Subsidiaries, excluding only: (a) the indebtedness to the Bank contemplated by this Agreement; (b) current accounts payable arising in the ordinary course of their respective businesses; (c) financing for working capital of Borrower Subsidiaries of SDC secured only by the personal guaranties of minority interest holders in such Borrower Subsidiary; (d) the items enumerated in clauses (c), (d), (e) and (f) of paragraph 10.1; (e) an amount not to exceed $100,000.00 each incurred in the ordinary course of business by SDC and ARx, including their respective subsidiaries, for a total not to exceed $200,000.00; and (d) such other indebtedness as the Bank specifically approves in writing. Amended and Restated Loan Agreement
Creation of Debt. Except as provided herein, neither the Company nor any of its Subsidiaries will incur, create or suffer to exist any indebtedness for borrowed money, or issue, discount or sell any obligation of the Company or its Subsidiaries, excluding only Permitted Indebtedness.
Creation of Debt. 45 7.2 Grant of Liens...................................................45
Creation of Debt. Except as provided in paragraph 6.4 and 7.21, neither the Borrowers nor any of Borrower Subsidiaries will incur, create or suffer to exist any indebtedness for borrowed money, or issue, discount or sell any obligation of the Borrowers or Borrower Subsidiaries, excluding only: (a) the indebtedness to the Bank contemplated by this Agreement; (b) current accounts payable arising in the ordinary course of their respective businesses; (c) financing for working capital of Borrower Subsidiaries of SDC secured only by the personal guaranties of minority interest holders in such Borrower Subsidiary; (d) the items enumerated in clauses (c), (d), (e) of paragraph 8.1; (e) an amount not to exceed $100,000.00 incurred in the ordinary course of business by SDC , including its subsidiaries, ; and (d) such other indebtedness as the Bank specifically approves in writing.
Creation of Debt. Create, incur, assume or suffer to exist, or permit Guarantor to create, incur, assume or suffer to exist, any Debt except Permitted Debt. No Debt shall be Permitted Subordinated Debt unless each of the following conditions is satisfied.
(i) The Debt is issued at a time when no Event of Default exists.
(ii) A summary of all of the material terms of the proposed Permitted Subordinated Debt (including, without limitation, the subordination provisions) is submitted to the Agent for its review and reasonable approval at least five (5) Business Days prior to issuance of the Debt.
(iii) The maturity of such Debt shall be no earlier than 179 days after the then-current Maturity Date at the time of issuance.
Creation of Debt. The Borrower will not incur, create or suffer to exist any indebtedness for borrowed money, or issue, discount or sell any obligation of the Borrower, excluding only: (a) the indebtedness to the Bank contemplated by this Agreement; (b) current accounts payable arising in the ordinary course of the Borrower's business; (c) indebtedness outstanding as of the Closing Date; and (d) other indebtedness of the Borrower and the Subsidiaries not to exceed Twenty-five Million Dollars ($25,000,000.00) in the aggregate.
