Common use of Debt; Liabilities Clause in Contracts

Debt; Liabilities. Except in the ordinary course of its business consistent with its past practices, (i) enter into or become bound by any promissory note, loan agreement or other agreement or arrangement pertaining to its borrowing of money, (ii) assume, guarantee, endorse or otherwise become responsible or liable for any obligation of any other person or entity, or (iii) incur any other liability or obligation (absolute or contingent).

Appears in 10 contracts

Samples: Merger Agreement (FNB Corp/Nc), Merger Agreement (United Financial Inc), Merger Agreement (New Century Bancorp Inc)

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