Further Indebtedness. The Investor acknowledges that no provision of the Agreement restricts, or shall be construed to restrict, in any way the ability of the Company to incur indebtedness or to issue share capital or other equity securities (or securities convertible into equity securities) of the Company or to grant liens on its property and assets.
Further Indebtedness. Except as provided in this Agreement, create or incur any indebtedness for borrowed money which would be senior in repayment to the Loan, or become liable as a surety, guarantor, accommodation endorser, or otherwise, for or on the obligation of any other person, firm, or corporation which would provide a priority of repayment to the Loan; provided, however, that this section shall not prohibit:
Further Indebtedness. Each Lender acknowledges that no provision of the Transaction Documents executed and delivered by the Company restricts, or shall be construed to restrict, in any way the ability of the Company to incur indebtedness or to issue share capital or other equity securities (or securities convertible into equity securities) of the Company or to grant liens on its property and assets.
Further Indebtedness. The Company hereby covenants and agrees that so long as any principal amount and accrued interest remains outstanding under the Notes issued pursuant to the terms of this Agreement, that it shall not, without the written consent of Purchasers holding Notes representing at least 60% of the principal amount of all Notes then outstanding, incur, guaranty, assume or otherwise become obligated to pay indebtedness, other than amounts under equipment leases existing as of the Initial Closing Date, accounts payable and other obligations incurred in the ordinary course of business, other than pursuant to this Agreement.
Further Indebtedness. Such Investor acknowledges that no provision of the Transaction Documents executed and delivered by the Company in connection with this Agreement restricts, or shall be construed to restrict, in any way the ability of the Company to incur indebtedness or to issue share capital or other equity securities (or securities convertible into equity securities) of the Company or to grant liens on its property and assets.
Further Indebtedness. The Issuer shall not avail any Financial Indebtedness other than the Permitted Indebtedness and shall ensure that the Consolidated Net Debt does not exceed (A) 55% (fifty five percent) of the value of InvIT Assets, or (B) any limit on Consolidated Net Debt as stipulated by SEBI in the SEBI InvIT Regulations (as amended from time to time), whichever is lower.
Further Indebtedness. The Company will not incur any indebtedness other than in the ordinary course of business, including any increase in the amount of the credit lines that the Company has with Comerica Bank-California, without the prior written consent of the holders of a majority of the outstanding principal under the Note(s), such consent not to be unreasonably withheld.
Further Indebtedness. Borrower will not incur, create, assume or permit to exist any Debt including, without limitation, any indebtedness or liability on account of deposits or advances, any indebtedness for borrowed money, any indebtedness for capital leases or improvements which are payable over a period longer than one (1) year or any other indebtedness or liability evidenced by notes, bonds, debentures, guaranties or similar obligations, except: (a) indebtedness to Lender; (b) customer deposits; (c) indebtedness to any supplier so long as said indebtedness is repaid to such entity within thirty (30) days of the date the indebtedness is incurred or within such longer time period allowed by any respective supplier to still remain “current”; and (d) indebtedness otherwise described in Section 6.2 hereof.
Further Indebtedness. Except for fees and other amounts owing pursuant to this Agreement and the Security Documents, the Borrowers shall not incur any indebtedness, except trade debt in the ordinary course of business which, for greater certainty, excludes indebtedness for borrowed money.
Further Indebtedness. Borrower will not incur, create, assume or permit to exist any indebtedness or liability on account of deposits or advances or any indebtedness for borrowed money, or any other indebtedness or liability evidenced by notes, bonds, debentures, or similar obligations, except: (a) indebtedness to Lender; (b) customer deposits; (c) indebtedness to any supplier so long as said indebtedness is repaid to such entity within 30 days of the date the indebtedness is incurred or within such longer time period allowed by any respective supplier to still remain "current"; and (d) indebtedness otherwise described in Section 6.2 hereof.
