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

Debts, Guaranties and Other Obligations. Neither Borrower nor any Guarantor will incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will Borrower or any Guarantor guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 4 contracts

Samples: Credit Agreement (Southwest Royalties Inc), Credit Agreement (Exco Resources Inc), Credit Agreement (Exco Resources Inc)

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Debts, Guaranties and Other Obligations. Neither either Borrower nor Guarantor will, and will not permit any Guarantor will Subsidiary to, incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will Borrower or any Guarantor guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entityPerson, whether by agreement to purchase the indebtedness of any other person or entity Person or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entityPerson, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 3 contracts

Samples: Credit Agreement (Parallel Petroleum Corp), Credit Agreement (Parallel Petroleum Corp), Credit Agreement (Parallel Petroleum Corp)

Debts, Guaranties and Other Obligations. Neither Borrower of the Borrowers nor any Guarantor of the Subsidiaries will incur, create, assume or in any manner become or be liable in respect of any indebtednessDebt, nor will either Borrower or any Guarantor Subsidiary guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 3 contracts

Samples: Credit Agreement (Atwood Oceanics Inc), Credit Agreement (Atwood Oceanics Inc), Credit Agreement (Atwood Oceanics Inc)

Debts, Guaranties and Other Obligations. Neither Without the consent of Majority Lenders, no Borrower nor any Guarantor will incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will any Borrower or any Guarantor guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 2 contracts

Samples: Credit Agreement (3tec Energy Corp), Credit Agreement (3tec Energy Corp)

Debts, Guaranties and Other Obligations. Neither Without the consent of Majority Banks, neither Borrower nor any Guarantor will incur, create, assume assume, suffer to exist or in any manner become or be liable in respect of any indebtedness, nor will either Borrower or any Guarantor guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 2 contracts

Samples: Credit Agreement (Continental Resources Inc), Credit Agreement (Continental Resources Inc)

Debts, Guaranties and Other Obligations. Neither Borrower nor any --------------------------------------- Guarantor will incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will Borrower or any Guarantor guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entityPerson, whether by agreement to purchase the indebtedness of any other person or entity Person or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entityPerson, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 2 contracts

Samples: Loan Agreement (Diagnostic Health Services Inc /De/), Loan Agreement (Diagnostic Health Services Inc /De/)

Debts, Guaranties and Other Obligations. Neither the Borrower nor any Guarantor of the Subsidiaries will incur, create, assume or in any manner become or be liable in respect of any indebtednessDebt, nor will Borrower or any Guarantor Subsidiary guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 2 contracts

Samples: Credit Agreement (Atwood Oceanics Inc), Credit Agreement (Atwood Oceanics Inc)

Debts, Guaranties and Other Obligations. Neither Borrower nor any Guarantor will incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will Borrower or any Guarantor guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person Person or entity, whether by agreement to purchase the indebtedness of any other person Person or entity or agreement for the furnishing of funds to any other person Person or entity 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 indebtedness of any other person Person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Debts, Guaranties and Other Obligations. Neither Without the consent of Majority Banks, no Borrower nor any Guarantor will incur, create, assume assume, suffer to exist or in any manner become or be liable in respect of any indebtedness, nor will a Borrower or any Guarantor guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Credit Agreement (Continental Resources Inc)

Debts, Guaranties and Other Obligations. Neither of the Borrower nor any Guarantor of its Subsidiaries will incur, create, assume or in any manner become or be liable in respect of any indebtednessDebt, nor will Borrower or any Guarantor Subsidiary guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Credit Agreement (Atwood Oceanics Inc)

Debts, Guaranties and Other Obligations. Neither the Borrower nor any Subsidiary or Guarantor will incur, create, assume or in any manner become or be liable in respect of any indebtedness, indebtedness (including obligations for the payment of rentals); and neither the Borrower nor any Subsidiary or Guarantor will Borrower or any Guarantor guarantee or otherwise in any manner way become or be liable in respect of any indebtedness, liabilities or other responsible for obligations of any other person or entityPerson, whether by agreement to purchase the indebtedness of any other person or entity Person or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entityPerson, or otherwise, except that the foregoing restrictions within this Section 5.01 shall not apply to:

Appears in 1 contract

Samples: Loan Agreement (Integrated Security Systems Inc)

Debts, Guaranties and Other Obligations. Neither Borrower the Company nor any Guarantor of its Domestic Subsidiaries will incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will Borrower or any Guarantor guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person Person or entity, whether by agreement to purchase the indebtedness of any other person Person or entity or agreement for the furnishing of funds to any other person Person or entity 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 indebtedness of any other person Person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

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Debts, Guaranties and Other Obligations. Neither the Borrower nor any Guarantor of the Guarantors will incur, create, assume or in any manner become or be liable in respect of any indebtednessDebt, nor will Borrower or any Guarantor guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Credit Agreement (Newpark Resources Inc)

Debts, Guaranties and Other Obligations. Neither Borrower nor any Guarantor Subsidiary will incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will Borrower or any Guarantor guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Credit Agreement (Range Resources Corp)

Debts, Guaranties and Other Obligations. Neither Borrower the Borrowers, Guarantors nor any Guarantor of their Subsidiaries will incur, create, assume or in any manner become or be liable in respect of any indebtednessindebtedness (including obligations for the payment of rentals); and neither the Borrowers, Guarantors nor any such Subsidiary will Borrower or any Guarantor guarantee or otherwise in any manner way become or be liable in respect of any indebtedness, liabilities or other responsible for obligations of any other person or entityPerson, whether by agreement to purchase the indebtedness of any other person or entity Person or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entityPerson, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Loan Agreement (Integrated Security Systems Inc)

Debts, Guaranties and Other Obligations. Neither Without the consent of --------------------------------------- Majority Lenders, no Borrower nor any Guarantor will incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will any Borrower or any Guarantor guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Credit Agreement (3tec Energy Corp)

Debts, Guaranties and Other Obligations. Neither Borrower nor any Guarantor will incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will Borrower Borrowers or any Guarantor guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Debts, Guaranties and Other Obligations. Neither Without the consent of --------------------------------------- 100% of the Banks, no Borrower nor any Guarantor will incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will any Borrower or any Guarantor guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity 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 indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Loan Agreement (Gothic Energy Corp)

Debts, Guaranties and Other Obligations. Neither Without the consent of Majority Banks, neither Borrower nor any Guarantor will incur, create, assume or in any manner become or be liable in respect of any indebtedness, nor will Borrower or any Guarantor guarantee or otherwise in any manner become or be liable in respect of any indebtedness, liabilities or other obligations of any other person or entity, whether by agreement to purchase the indebtedness of any other person or entity or agreement for the furnishing of funds to any other person or entity 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 -41- discharging the indebtedness of any other person or entity, or otherwise, except that the foregoing restrictions shall not apply to:

Appears in 1 contract

Samples: Loan Agreement (Gothic Energy Corp)

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