Common use of Debts, Guaranties and Other Obligations Clause in Contracts

Debts, Guaranties and Other Obligations. Borrower will not, and will not permit any Subsidiary to incur, create, assume or in any manner become or be liable in respect of any Debt (including obligations for the payment of rentals), and Borrower will not, and will not permit a Subsidiary to, guarantee or otherwise in any way become or be responsible for obligations of any other Person, whether by agreement to purchase the Debt of any other Person or agreement for the furnishing of funds to any other Person through the purchase or lease of goods, supplies or services (or by way of stock purchase, capital contribution, advance or loan) for the purpose of paying or discharging the Debt of any other Person, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 2 contracts

Samples: Loan Agreement (Harte Hanks Inc), Loan Agreement (Harte Hanks Inc)

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Debts, Guaranties and Other Obligations. Neither the Borrower will not, and will not permit nor any Subsidiary to will incur, create, assume or in any manner become or be liable in respect of any Debt indebtedness (including obligations for the payment of rentals), ; and neither the Borrower nor any Subsidiary will not, and will not permit a Subsidiary to, guarantee or otherwise in any way become or be responsible for obligations of any other Person, whether by agreement to purchase the Debt indebtedness of any other Person or agreement for the furnishing of funds to any other Person through the purchase or lease of goods, supplies or services (or by way of stock purchase, capital contribution, advance or loan) for the purpose of paying or discharging the Debt indebtedness of any other Person, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Security Agreement (Temtex Industries Inc)

Debts, Guaranties and Other Obligations. Borrower will not, and will not permit Neither the Borrowers nor any Subsidiary to will incur, create, assume or in any manner become or be liable in respect of any Debt indebtedness (including obligations for the payment of rentals), ; and Borrower neither the Borrowers nor any Subsidiary will not, and will not permit a Subsidiary to, guarantee or otherwise in any way become or be responsible for obligations of any other Person, whether by agreement to purchase the Debt indebtedness of any other Person or agreement for the furnishing of funds to any other Person through the purchase or lease of goods, supplies or services (or by way of stock purchase, capital contribution, advance or loan) for the purpose of paying or discharging the Debt indebtedness of any other Person, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Loan Agreement (Ultrak Inc)

Debts, Guaranties and Other Obligations. Borrower will not, and will not permit any Subsidiary to to, incur, create, assume or in any manner become or be liable in respect of any Debt (including obligations for the payment of rentals)indebtedness, and Borrower will not, and will not permit a Subsidiary to, or guarantee or otherwise in any way manner become or be responsible for liable in respect of any indebtedness, liabilities or other obligations of any other Person, whether by agreement to purchase the Debt indebtedness of any other Person or agreement for the furnishing of funds to any other Person through the purchase or lease of goods, supplies or services (or by way of stock purchase, capital contribution, advance or loan) for the purpose of paying or discharging the Debt indebtedness of any other Person, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Credit Agreement (Parallel Petroleum Corp)

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Debts, Guaranties and Other Obligations. Borrower will not, and will not permit any Subsidiary to incur, create, assume or in any manner become or be liable in respect of any Debt (including obligations for the payment of rentals)indebtedness, and nor will Borrower will not, and will not permit a Subsidiary to, guarantee or otherwise in any way manner become or be responsible for liable in respect of any indebtedness, liabilities or other obligations of any other Person, whether by agreement to purchase the Debt indebtedness of any other Person or agreement for the furnishing of funds to any other Person through the purchase or lease of goods, supplies or services (or by way of stock purchase, capital contribution, advance or loan) for the purpose of paying or discharging the Debt indebtedness of any other Person, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Credit Agreement (Southwest Royalties Holdings Inc)

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