Common use of Financial Debt Clause in Contracts

Financial Debt. (a) The Borrower shall not incur, assume or permit to exist any Financial Debt except: (1) that provided in the Financing Plan, including the Loan; (2) that provided in the Existing Loan Agreements; and (3) Short-term Debt for working capital purposes in an aggregate amount not to exceed EUR 1,000,000 (or the equivalent thereof in other currencies at then current rates of exchange). (b) The Borrower shall not enter into any agreement or arrangement to guarantee or, in any way or under any condition, to become obligated for all or any part of any financial or other obligation of another person.

Financial Debt. (a) The Borrower shall not incur, assume or permit to exist any Financial Debt except: (1) that provided in the Financing Plan, including the Loan; (2) that provided in the Existing Loan AgreementsSubordinated Debt; and (3) Short-term Debt for working capital purposes in an aggregate amount not to exceed EUR USD 1,000,000 (or the equivalent thereof in other currencies at then current rates of exchange). (b) The Borrower shall not enter into any agreement or arrangement to guarantee or, in any way or under any condition, to become obligated for all or any part of any financial or other obligation of another person.

Financial Debt. (a) The Borrower shall not incur, assume or permit to exist any Financial Debt except: (1) : • that provided in the Financing Plan, including the Loan; (2) that provided in the Existing Loan Agreements; and (3) • Subordinated Debt; • Short-term Debt for working capital purposes in an aggregate amount not to exceed EUR 1,000,000 USD 2,000,000 (or the equivalent thereof in other currencies at then current rates of exchange). (b) at any time. • The Borrower shall not enter into any agreement or arrangement to guarantee or, in any way or under any condition, to become obligated for all or any part of any financial or other obligation of another person.

Financial Debt. (a) The Borrower shall not incur, assume or permit to exist any Financial Debt except: (1) that provided in the Financing Plan, including the Loan; (2) that provided in the Existing Loan Agreements; and (3) Short-term Debt for working capital purposes in an aggregate amount not to exceed EUR 1,000,000 (or the equivalent thereof in other currencies at then current rates of exchange). (b) The Borrower shall not enter into any agreement or arrangement to guarantee or, in any way or under any condition, to become obligated for all or any part of any financial or other obligation of another person.