Common use of Debts and Other Obligations Clause in Contracts

Debts and Other Obligations. The Borrower will not incur, create, assume, or permit to exist any Indebtedness except: (1) the Loan; (2) existing Indebtedness as set forth in Schedule 5.9; (3) trade Indebtedness incurred in the ordinary course of business; (4) contingent Indebtedness permitted by Paragraph 7.8; (5) Indebtedness secured by Permitted Liens; (6) Capitalized Lease Obligations and/or Purchase Money Indebtedness not to exceed, in the aggregate at any one time, $100,000; and Indebtedness owed to Guarantor and incurred pursuant to Section 6.17.

Debts and Other Obligations. The Borrower will not incur, create, assume, or permit to exist any Indebtedness except: (1) the Loan; (2) existing Indebtedness as set forth in Schedule 5.9; (3) trade Indebtedness incurred in the ordinary course of business; (4) contingent Indebtedness permitted by Paragraph 7.8; (5) Indebtedness secured by Permitted Liens; (6) Capitalized Lease Obligations and/or Purchase Money Indebtedness not to exceed, in the aggregate at any one time, $100,000; and Indebtedness owed to Guarantor and incurred pursuant to Section Paragraph 6.17.