Common use of Creation of Indebtedness; Guarantees Clause in Contracts

Creation of Indebtedness; Guarantees. The Special Purpose Subsidiary shall not create, incur, assume or suffer to exist any Indebtedness other than Indebtedness approved in writing by all Lenders. Without the prior written consent of the Lenders, the Special Purpose Subsidiary shall not assume, guarantee, endorse or otherwise be or become directly or contingently liable for the obligations of any Person by, among other things, agreeing to purchase any obligation of another Person, agreeing to advance funds to such Person or causing or assisting such Person to maintain any amount of capital, in each case, except as otherwise provided in this Agreement or any other Loan Document.

Appears in 4 contracts

Samples: Term Loan Agreement (Specialty Foods Acquisition Corp), Term Loan Agreement (Specialty Foods Corp), Term Loan Agreement (Specialty Foods Corp)

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