Common use of Further Indebtedness Clause in Contracts

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:

Appears in 4 contracts

Samples: Loan Agreement (Ontro Inc), Loan Agreement (Ontro Inc), Loan Agreement (Ontro Inc)

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