Common use of Debt, Mortgages and Liens Clause in Contracts

Debt, Mortgages and Liens. Create, incur, assume or allow to exist, voluntarily or involuntarily, any Debt or Liens, excluding only (a) Debt to and interests held by the Lender under this Agreement, (b) Debt described in Schedule 11.1(a) attached hereto and made a part hereof, which Debt may not be renewed, extended, amended or modified, (c) Permitted Liens, (d) Debt and interests to which the Lender consents in writing, (e) Debt of Borrower to any Guarantor or of any Guarantor to Borrower, and (f) debt to the sellers of IECW&C to Borrower, covered by subordination agreements satisfactory to Lender.

Appears in 1 contract

Samples: Credit Facility Agreement (Iec Electronics Corp)

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Debt, Mortgages and Liens. Create, incur, assume or allow to exist, voluntarily or involuntarily, any Debt or Liens, excluding only (a) Debt to and interests held by the Lender under this Agreement, (b) Debt described in Schedule 11.1(a14.1(a) attached hereto and made a part hereof, which Debt may not be renewed, extended, amended or modified, (c) Permitted Liens, (d) Debt and interests to which the Lender consents in writing, (e) Debt of Borrower to any Guarantor or of any Guarantor to Borrower, and (f) debt to the sellers of IECW&C to Borrower, covered by subordination agreements satisfactory to Lender.

Appears in 1 contract

Samples: Credit Facility Agreement (Iec Electronics Corp)

Debt, Mortgages and Liens. Create, incur, assume or allow to exist, voluntarily or involuntarily, any Debt or Liens, excluding only (a) Debt to and interests held by the Lender under this Agreement, (b) Debt described in Schedule 11.1(a) 13.1 attached hereto and made a part hereof, which Debt may not be renewed, extended, amended or modified, (c) Permitted Liens, (d) Debt and interests to which the Lender consents in writing, (e) Debt of Borrower to any Guarantor or of any Guarantor to Borrower, and (f) debt to the sellers of IECW&C to Borrower, covered by subordination agreements satisfactory to Lender.

Appears in 1 contract

Samples: Credit Facility Agreement (Iec Electronics Corp)

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Debt, Mortgages and Liens. Create, incur, assume or allow to exist, voluntarily or involuntarily, any Debt or Liens, excluding only (a) Debt to and interests held by the Lender under this Agreement, (b) Debt described in Schedule 11.1(a) 12.1 attached hereto and made a part hereof, which Debt may not be renewed, extended, amended or modified, (c) Permitted Liens, (d) Debt and interests to which the Lender consents in writing, (e) Debt of Borrower to any Guarantor or of any Guarantor to Borrower, and (f) debt to the sellers of IECW&C to Borrower, covered by subordination agreements satisfactory to Lender.

Appears in 1 contract

Samples: Credit Facility Agreement (Iec Electronics Corp)

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