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 the 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 2 contracts

Samples: Merger Agreement (American Community Bancshares Inc), Merger Agreement (FNB Bancshares Inc /Sc/)

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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 the 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 2 contracts

Samples: Merger Agreement (FNB Corp/Nc), Merger Agreement (Carolina Fincorp Inc)

Debt; Liabilities. Except in the ordinary course of its business consistent with its past practices, (i) enter Enter into or become bound by any promissory note, loan agreement or other agreement or arrangement pertaining to the its borrowing of money; , (ii) assumeii)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), except, in the case of Select Bank, in the ordinary course of its business consistent with its past practices.

Appears in 1 contract

Samples: Merger Agreement (New Century Bancorp Inc)

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 the 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 material liability or obligation (absolute or contingent).

Appears in 1 contract

Samples: Merger Agreement (United Community Bancorp)

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Debt; Liabilities. Except in the ordinary course of its business consistent with its past practices, (i) enter Enter into or become bound by any promissory note, loan agreement or other agreement or arrangement pertaining to the its borrowing of money; , (ii) assumeii)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), except, in the case of Target Bank, in the ordinary course of its business consistent with its past practices.

Appears in 1 contract

Samples: Merger Agreement (Select Bancorp, Inc.)

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