Common use of Debt and Stock Redemption Clause in Contracts

Debt and Stock Redemption. 3. (a) Persons shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank and the Commissioner. All requests for prior written approval shall contain, but not be limited to, a statement regarding the purpose[PageBreak] of the debt, the terms of the debt, and the planned source(s) for debt repayment, and an analysis of the cash flow resources available to meet such debt repayment.

Debt and Stock Redemption. 3. (a) Persons Monarch shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank and the CommissionerBank. All requests for prior written approval shall contain, but not be limited to, a statement regarding the purpose[PageBreak] purpose of the debt, the terms of the debt, and the planned source(s) for debt repayment, and an analysis of the cash flow resources available to meet such debt repayment.

Debt and Stock Redemption. 3. (a3.(a) Persons 1st Financial shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank and the CommissionerBank. All requests for prior written approval shall contain, but not be limited to, a statement regarding the purpose[PageBreak] purpose of the debt, the terms of the debt, and the planned source(s) for debt repayment, and an analysis of the cash flow resources available to meet such debt repayment.

Debt and Stock Redemption. 3. (a) Persons The Companies and Trust I shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank and the CommissionerBank. All requests for prior written approval shall contain, but not be limited to, a statement regarding the purpose[PageBreak] purpose of the debt, the terms of the debt, and the planned source(s) for debt repayment, and an analysis of the cash flow resources available to meet such debt repayment.

Debt and Stock Redemption. 3. (a) Persons 1st Financial shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank and the CommissionerBank. All requests for prior written approval shall contain, but not be limited to, a statement regarding the purpose[PageBreak] purpose of the debt, the terms of the debt, and the planned source(s) for debt repayment, and an analysis of the cash flow resources available to meet such debt repayment.

Debt and Stock Redemption. 3. (a) Persons Xxxxxxxxx shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank and the CommissionerBank. All requests for prior written approval shall contain, but not be limited to, a statement regarding the purpose[PageBreak] purpose of the debt, the terms of the debt, and the planned source(s) for debt repayment, and an analysis of the cash flow resources available to meet such debt repayment.