Common use of Guaranteed Indebtedness Clause in Contracts

Guaranteed Indebtedness. No Borrower shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Green Mountain Coffee Inc), Inertial Products Purchase Agreement (Wpi Group Inc), Convertible Note Agreement (Sunrise Capital Partners Lp)

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Guaranteed Indebtedness. No Borrower shall not create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Solo Cup CO), Credit Agreement (Sweetheart Holdings Inc \De\)

Guaranteed Indebtedness. No Borrower shall create, incur, assume or not (and shall not permit to exist any ----------------------- of its Subsidiaries to) incur any Guaranteed Indebtedness except (ai) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and such Person or (bii) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this AgreementAgreement for Borrower to incur (and such Guaranteed Indebtedness shall be treated as a primary obligation for all purposes hereof).

Appears in 2 contracts

Samples: Loan and Security Agreement (Premier Graphics Inc), Loan and Security Agreement (Master Graphics Inc)

Guaranteed Indebtedness. No Borrower shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this Agreement, (c) Guaranteed Indebtedness outstanding on the Closing Date and (d) Guaranteed Indebtedness evidenced by the Holdings Guaranties.

Appears in 1 contract

Samples: Credit Agreement (Core-Mark Holding Company, Inc.)

Guaranteed Indebtedness. No Borrower shall create, incur, assume or ----------------------- permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this AgreementAgreement other than Indebtedness, if any, of a Target existing at the time such Target is acquired.

Appears in 1 contract

Samples: Credit Agreement (Intercept Group Inc)

Guaranteed Indebtedness. No Borrower shall create, incur, assume or ----------------------- permit to exist any Guaranteed Indebtedness except except: (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and ; or (b) for Guaranteed Indebtedness incurred for existing as of the benefit of any other Borrower if the primary obligation is expressly permitted by this Agreement.Closing Date and described in SCHEDULE 6.6. ------------

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Boston Chicken Inc)

Guaranteed Indebtedness. No Borrower shall not create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this Agreementaccount.

Appears in 1 contract

Samples: Term Loan Agreement (Northland Cable Properties Seven Limited Partnership)

Guaranteed Indebtedness. No Borrower shall create, incur, assume or permit to exist incur any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account deposit accounts of any Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Fruehauf Trailer Corp)

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Guaranteed Indebtedness. No Borrower shall create, incur, assume or permit to exist not incur ----------------------- any Guaranteed Indebtedness except (ai) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (bii) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Securicor International LTD)

Guaranteed Indebtedness. No Borrower shall not create, incur, assume or permit to exist any Guaranteed Indebtedness except (ai) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (bii) for Guaranteed Indebtedness incurred for the benefit of any other Borrower Borrower, if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (United Homes Inc)

Guaranteed Indebtedness. No Borrower shall not create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Green Mountain Coffee Roasters Inc)

Guaranteed Indebtedness. No Borrower shall, or shall create, incur, assume cause or permit to exist any Subsidiary thereof to, incur any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Borrower or such Subsidiary if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Akorn Inc)

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