Common use of Existing Indebtedness; Future Liens Clause in Contracts

Existing Indebtedness; Future Liens. (a) Schedule 6.15 sets forth a complete and correct list of all outstanding Indebtedness of the Company. Since March 31, 2005, except as set forth on Schedule 6.15, there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the Company. Neither the -9- Company nor any other CanArgo Group Member is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Indebtedness of the Company or any other CanArgo Group Member and no event or condition exists with respect to any Material Indebtedness of the Company or any other CanArgo Group Member that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment. (b) Except as disclosed in Schedule 6.15, neither the Company nor any other CanArgo Group Member has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien not permitted by Section 11.3.

Existing Indebtedness; Future Liens. (a) Schedule 6.15 5.15 sets forth a complete and correct list of all outstanding Indebtedness of the Company. Since March 31Company and its Subsidiaries as of July 15, 20052002, except as set forth on Schedule 6.15, since which date there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the CompanyCompany or its Subsidiaries. Neither the -9- Company nor any other CanArgo Group Member Subsidiary is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Indebtedness of the Company or any other CanArgo Group Member such Subsidiary and no event or condition exists with respect to any Material Indebtedness of the Company or any other CanArgo Group Member Subsidiary that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment. (b) Except as disclosed in Schedule 6.155.15, neither the Company nor any other CanArgo Group Member Subsidiary has agreed or consented to cause or permit in the future (upon the happening of a contingency or Borders Group, Inc. Note Purchase Agreement otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien not permitted by Section 11.310.7.

Existing Indebtedness; Future Liens. (a) Schedule 6.15 7.15 sets forth a complete and correct list of all outstanding Indebtedness of the Company. Since March 31, 20052006, except as set forth on Schedule 6.157.15, there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the Company. Neither the -9- Company nor any other CanArgo Group Member is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Indebtedness of the Company or any other CanArgo Group Member and no event or condition exists with respect to any Material Indebtedness of the Company or any other CanArgo Group Member that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment. (b) Except as disclosed in Schedule 6.157.15, neither the Company nor any other CanArgo Group Member has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien not permitted by Section 11.312.3.

Existing Indebtedness; Future Liens. (a) Schedule 6.15 5.15 sets forth a complete and correct list of all outstanding Indebtedness of the Company. Since March Company and its Subsidiaries as of December 31, 20052002, except as set forth on Schedule 6.15, since which date there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the CompanyCompany or its Subsidiaries. Neither the -9- Company nor any other CanArgo Group Member Subsidiary is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Indebtedness of the Company or any other CanArgo Group Member such Subsidiary and no event or condition exists with respect to any Material Indebtedness of the Company or any other CanArgo Group Member Subsidiary that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment. (b) Except as disclosed in Schedule 6.155.15, neither the Company nor any other CanArgo Group Member Subsidiary has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien not permitted by Section 11.310.8.

Existing Indebtedness; Future Liens. (a) Schedule 6.15 7.15 sets forth a complete and correct list of all outstanding Indebtedness of the Company. Since March 31September 30, 2005, except as set forth on Schedule 6.157.15, there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the Company. Neither the -9- Company nor any other CanArgo Group Member is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Indebtedness of the Company or any other CanArgo Group Member and no event or condition exists with respect to any Material Indebtedness of the Company or any other CanArgo Group Member that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment. (b) Except as disclosed in Schedule 6.157.15, neither the Company nor any other CanArgo Group Member has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien not permitted by Section 11.312.3.

Existing Indebtedness; Future Liens. (a) Except as described therein, Schedule 6.15 5.15 sets forth a complete and correct list of all outstanding Indebtedness Debt of the Company. Since March Company and its Subsidiaries as of July 31, 20052007, except as set forth on Schedule 6.15, since which date there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the CompanyCompany or its Subsidiaries. Neither the -9- Company nor any other CanArgo Group Member Subsidiary is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Indebtedness of the Company or any other CanArgo Group Member such Subsidiary and no event or condition exists with respect to any Material Indebtedness of the Company or any other CanArgo Group Member Subsidiary that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment. (b) Except as disclosed in Schedule 6.155.15, neither the Company nor any other CanArgo Group Member Guarantor has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien not permitted by Section 11.310.3.

Existing Indebtedness; Future Liens. (a) Except as described therein, Schedule 6.15 5.15 sets forth a complete and correct list of all outstanding Indebtedness of the Company. Since March Company and its Subsidiaries as of October 31, 20051997, except as set forth on Schedule 6.15, since which date there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the CompanyCompany or its Subsidiaries. Neither the -9- Company nor any other CanArgo Group Member Subsidiary is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Indebtedness of the Company or any other CanArgo Group Member such Subsidiary and no event or condition exists with respect to any Material Indebtedness of the Company or any other CanArgo Group Member Subsidiary that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment. (b) . Except as disclosed in Schedule 6.155.15, neither the Company nor any other CanArgo Group Member Subsidiary has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien not permitted by Section 11.310.3.

Existing Indebtedness; Future Liens. (a) Schedule 6.15 5.15 sets forth a complete and correct list of all outstanding Indebtedness of the Company. Since March 31Company and its Subsidiaries as of September 30, 20052002, except as set forth on Schedule 6.15, since which date there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the CompanyCompany or its Subsidiaries. Neither the -9- Company nor any other CanArgo Group Member Subsidiary is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Indebtedness of the Company or any other CanArgo Group Member Subsidiary and no event or condition exists with respect to any Material Indebtedness of the Company or any other CanArgo Group Member Subsidiary that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment.. CSS Industries, Inc. Note Purchase Agreement (b) Except as disclosed in Schedule 6.155.15, neither the Company nor any other CanArgo Group Member Subsidiary has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien not permitted by Section 11.310.6.