Common use of Credit Parties Other than Borrowers Clause in Contracts

Credit Parties Other than Borrowers. None of the Credit Parties other than Borrowers shall engage in any trade or business or incur any Indebtedness or Guaranteed Indebtedness (other than the Obligations), and none of the Credit Parties other than Borrowers, Midway, Pacific Soft, Philomath and Sedro own any assets (other than Stock of their Subsidiaries).

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (WTD Industries Inc)

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Credit Parties Other than Borrowers. None of the Credit Parties other than Borrowers shall engage in any trade or business business, or own any assets (other than Stock of their Subsidiaries) or incur any Indebtedness or Guaranteed Indebtedness (other than the Obligations), and none of the Credit Parties other than Borrowers, Midway, Pacific Soft, Philomath and Sedro own any assets (other than Stock of their Subsidiaries).

Appears in 1 contract

Samples: Credit Agreement (Astec Industries Inc)

Credit Parties Other than Borrowers. None of the Credit Parties other than Borrowers shall engage in any trade or business business, or incur any Indebtedness or Guaranteed Indebtedness (other than the Obligations), and none of the Credit Parties other than Borrowers, Midway, Pacific Soft, Philomath and Sedro own any assets (other than Stock of their Subsidiaries) or incur any Debt or Guaranteed Debt (other than the Obligations).

Appears in 1 contract

Samples: Credit Agreement (FCA Acquisition Corp.)

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Credit Parties Other than Borrowers. None of the Credit Parties other than Borrowers shall engage in any assembly, manufacturing or distribution trade or business business, or own any material assets or incur any Indebtedness or Guaranteed Indebtedness (other than the Obligations), and none of the Credit Parties other than Borrowers, Midway, Pacific Soft, Philomath and Sedro own any assets (other than Stock of their Subsidiaries).

Appears in 1 contract

Samples: Credit Agreement (Titan International Inc)

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