Existing Debt and Guarantees Sample Clauses

Existing Debt and Guarantees loan on building xxxxxx brothers 1.7 million on real, estate.
Sample 1
AutoNDA by SimpleDocs
Existing Debt and Guarantees. Loan from Wachovia Bank in the amount of $200,000 secured by deposit accounts maintained at Wachovia Lease obligations to Leasing Innovations secured by the liens identified in Item 3 of the Schedule in principal amount of [redacted] Lease obligations to Citicorp Leasing Inc. secured by the liens identified in Item 3 of the Schedule in principal amount of [redacted] Lease obligations to Cisco Systems Capital Corporation secured by the liens identified in Item 3 of the Schedule in principal amount of [redacted]
Sample 1
Existing Debt and Guarantees. Benefactor Funding Corporation has a lien on all assets
Sample 1
Existing Debt and Guarantees. Silverstar Holdings, Ltd. -- $8.9 million of convertible debentures; $1.4 million due April 2010 and $7.5 million due March 2012. Empire Interactive Europe Limited -- £900,000 line of credit from Barclays Bank being renewed currently on a monthly basis. Silverstar Acquisitions Plc has loaned $7,721,670 to Empire Interactive Europe Limited Silverstar Holdings, Ltd. has loaned $1,335,000 to Strategy First, Inc. Silverstar Holdings, Ltd. has guaranteed the lease obligation of Empire Interactive Europe in the amount of approximately £769,000 Silverstar Holdings, Ltd. has guaranteed payments to Sonopress on behalf of Empire Interactive Europe in the amount of approximately £180,000.
Sample 1
Existing Debt and Guarantees. 14. Prior Legal Names: ------------------ Avanti Insurance Brokers LLC Addison York Insurance Brokers LLC Prior or Current Trade or Fictitious Names: ------------------------------------------- Xxxxx Insurance Agency Vista International Insurance Brokers Mergers and Acquisitions: ------------------------- In October, 2003, Borrower purchased substantially all of the insurance agency assets of Xxxxxxx Family Trust of July 1998, which were processed by DKWS Enterprises, Inc. which used the name "Vista International Insurance Brokers". In October, 2003, Borrower purchased substantially all of the assets of Xxxxx Insurance Agency, Inc.
Sample 1
Existing Debt and Guarantees. Borrower is indebted to AFCO with respect to certain insurance premiums in the amount of $7,164.04. This debt is unsecured by any assets of Borrower. Borrower and Parent are indebted to Comerica in the amount of approximately $3,381,800, which indebtedness will be repaid in full on the Agreement Date. Parent is indebted to various state and local governments in the aggregate principal amount of $406,926.53 with respect to tax claims as described in Item 2 of the Schedule, all of which constitute Priority Tax Claims. Parent is also indebted to Vertical Computer Systems, Inc. in the amount of $14,383.46, and such indebtedness is unsecured by any assets of Parent.
Sample 1
Existing Debt and Guarantees. Other than the Existing Credit Agreement that is to be repaid from the proceeds of the Term Loan hereunder, no Loan Party or any Subsidiary is indebted to any other Person for money borrowed nor has any Loan Party or any Subsidiary issued any guaranty of payment or performance by any other Person, except as set forth on Schedule 8(q).
Sample 1
AutoNDA by SimpleDocs
Existing Debt and Guarantees. 1. Credit Agreement, dated as of February 14, 2020, among GTY Technology Holdings Inc., the several banks and other financial institutions and lenders from time to time party thereto and Wilmington Trust, National Association.
Sample 1

Related to Existing Debt and Guarantees

  • Indebtedness and Guaranties Incur any indebtedness for borrowed money other than in the ordinary course of business consistent with past practice with a term not in excess of one year; or incur, assume or become subject to, whether directly or by way of any guarantee or otherwise, any obligations or liabilities (absolute, accrued, contingent or otherwise) of any other person or entity, other than the issuance of letters of credit in the ordinary course of business and in accordance with the restrictions set forth in Section 5.2(r).

  • Loans and Guarantees (a) The Borrower shall not (and the Borrower shall ensure that no member of the Group will):

  • Debt and Guaranty Obligations Schedule 7.1(t) is a complete and correct listing of all Debt and Guaranty Obligations of the Borrower and its Subsidiaries as of the Closing Date in excess of $1,000,000. The Borrower and its Subsidiaries have performed and are in compliance in all material respects with all of the terms of such Debt and Guaranty Obligations and all instruments and agreements relating thereto, and no default or event of default, or event or condition which with notice or lapse of time or both would constitute such a default or event of default on the part of the Borrower or any of its Subsidiaries exists with respect to any such Debt or Guaranty Obligation.

  • Collateral Documents and Guaranties Each Lender (which term shall include, for purposes of this Section 8.6, any Hedge Agreement Counterparty) hereby further authorizes Administrative Agent, on behalf of and for the benefit of Lenders, to enter into each Collateral Document as secured party and to be the agent for and representative of Lenders under each Guaranty, and each Lender agrees to be bound by the terms of each Collateral Document and the Guaranties; provided that Administrative Agent shall not (a) enter into or consent to any material amendment, modification, termination or waiver of any provision contained in any Collateral Document or the Guaranties or (b) release any Collateral (except as otherwise expressly permitted or required pursuant to the terms of this Agreement or the applicable Collateral Document), in each case without the prior consent of Requisite Lenders (or, if required pursuant to Section 9.6, all Lenders); provided further, however, that, without further written consent or authorization from Lenders, Administrative Agent may execute any documents or instruments necessary to (i) release any Lien encumbering any item of Collateral that is the subject of a sale or other disposition of assets permitted by this Agreement or to which Requisite Lenders have otherwise consented, (ii) release any Subsidiary Guarantor from the Subsidiary Guaranty if all of the Capital Stock of such Subsidiary Guarantor is sold to any Person (other than an Affiliate of Company) pursuant to a sale or other disposition permitted hereunder or to which Requisite Lenders have otherwise consented or (iii) subordinate the Liens of Administrative Agent, on behalf of Secured Parties, to any Liens permitted by clause (v) of Section 6.2(a); provided that, in the case of a sale or other disposition of such item of Collateral or stock referred to in subdivision (i) or (ii), the requirements of Section 9.14 are satisfied. Anything contained in any of the Loan Documents to the contrary notwithstanding, (A) no Lender shall have any right individually to realize upon any of the Collateral under any Collateral Document or to enforce any Guaranty, it being understood and agreed that all powers, rights and remedies under the Collateral Documents and the Guaranties may be exercised solely by Administrative Agent for the benefit of Lenders in accordance with the terms thereof and (B) in the event of a foreclosure by Administrative Agent on any of the Collateral pursuant to a public or private sale, Administrative Agent or any Lender may be the purchaser of any or all of such Collateral at any such sale and Administrative Agent, as agent for and representative of Lenders (but not any Lender or Lenders in its or their respective individual capacities unless Requisite Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on account of the purchase price for any Collateral payable by Administrative Agent at such sale.

  • Indebtedness and Guaranty Obligations Create, incur or assume any Indebtedness or Guaranty Obligation except:

  • Subordinated Debt Documents Subject to Section 10.6(m), the failure of any Loan Party to comply with the terms of any intercreditor agreement or any subordination provisions of any note or other document running to the benefit of the Administrative Agent or Lenders, or if any such document becomes null and void or unenforceable against any lender holding the Subordinated Debt.

  • ACQUISITIONS AND GUARANTIES (a) Loan, invest in or advance money or assets, (b) purchase, create or acquire any interest in any other enterprise or entity, or (c) incur any obligation as surety or guarantor other than in the ordinary course of business.

  • Collateral Documents and Guaranty (a) The Secured Parties irrevocably authorize the Collateral Agent, at its option and in its discretion,

  • Investments and Guaranties As of the Agreement Date, no Borrower Party or any Subsidiary of a Borrower Party owns any Equity Interests of any Person except as disclosed on Schedules 5.1(c)-1 and 5.1(c)-2, or has outstanding loans or advances to, or guaranties of the obligations of, any Person, except as reflected in the financial statements referred to in Section 5.1(k) or disclosed on Schedule 5.1(m).

  • Release of Liens and Guarantees In the event that any Loan Party conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of its assets (including the Equity Interests of any of its Subsidiaries) to a Person that is not (and is not required to become) a Loan Party in a transaction not prohibited by the Loan Documents, the Administrative Agent and the Collateral Agent shall promptly (and the Lenders hereby authorize the Administrative Agent and the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by the Borrower and at the Borrower’s expense to release any Liens created by any Loan Document in respect of such Equity Interests or assets that are the subject of such disposition and to release any guarantees of the Obligations, and any Liens granted to secure the Obligations, in each case by a Person that ceases to be a Subsidiary of the Borrower as a result of a transaction described above. Any representation, warranty or covenant contained in any Loan Document relating to any such Equity Interests or assets shall no longer be deemed to be made once such Equity Interests or assets are so conveyed, sold, leased, assigned, transferred or disposed of. The Security Documents, the guarantees made therein, the Security Interest (as defined therein) and all other security interests granted thereby shall terminate, and each Loan Party shall automatically be released from its obligations thereunder and the security interests in the Collateral granted by any Loan Party shall be automatically released, when all the Obligations are paid in full in cash and Commitments are terminated (other than (A) contingent indemnification obligations, (B) obligations and liabilities under Secured Cash Management Agreements and Secured Swap Agreements and (C) obligations and liabilities under Revolving Letters of Credit as to which arrangements satisfactory to the Issuing Banks shall have been made). At such time, the Administrative Agent and the Collateral Agent agree to take such actions as are reasonably requested by the Borrower at the Borrower’s expense to evidence and effectuate such termination and release of the guarantees, Liens and security interests created by the Loan Documents.

Time is Money Join Law Insider Premium to draft better contracts faster.