Common use of Guaranteed Indebtedness Clause in Contracts

Guaranteed Indebtedness. Borrower shall not and shall not permit any Subsidiary of Borrower to incur any Guaranteed Indebtedness (excluding the Guaranteed Indebtedness pursuant to the Guaranty) except (i) by endorsement of instruments or items of payment for deposit to the general account of Borrower or such Subsidiary, and (ii) for Guaranteed Indebtedness incurred for the benefit of Borrower or any Subsidiary of Borrower if the primary obligation is permitted by this 1998 Credit Agreement.

Appears in 2 contracts

Samples: Restructuring Agreement (Wes Acquisition Corp), Credit Agreement (Wahlco Environmental Systems Inc)

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Guaranteed Indebtedness. Borrower shall not and shall not permit any Subsidiary of Borrower to incur any Guaranteed Indebtedness (excluding the Guaranteed Indebtedness pursuant to the Guaranty) except (i) by endorsement of instruments or items of payment for deposit to the general account of Borrower or such Subsidiary, and (ii) for Guaranteed Indebtedness incurred for the benefit of Borrower or any Subsidiary of Borrower if the primary obligation or transaction is permitted by this 1998 Credit Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Act Iii Theatres Inc), Loan Agreement (Act Iii Theatres Inc)

Guaranteed Indebtedness. Borrower shall not and shall not permit any Subsidiary of Borrower to incur any Guaranteed Indebtedness (excluding the Guaranteed Indebtedness pursuant to the Guaranty) except (i) by endorsement of instruments or of items of payment for deposit to the general account of Borrower or such Subsidiary, and (ii) for Guaranteed Indebtedness incurred for the benefit of Borrower or any Subsidiary of Borrower if the primary obligation is permitted by this 1998 Credit Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Quixote Corp), Senior Subordinated Term Loan Agreement (Merry Land Properties Inc)

Guaranteed Indebtedness. Neither Borrower shall not and nor shall not it ----------------------- permit any Subsidiary of Borrower to incur any Guaranteed Indebtedness (excluding the Guaranteed Indebtedness pursuant to the Guaranty) except (i) by endorsement of instruments or items of payment for deposit to the general account of such Borrower or such Subsidiary, and (ii) for Guaranteed Indebtedness incurred for the benefit of such Borrower or any Subsidiary of Borrower if the primary obligation is permitted by this 1998 Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Thermatrix Inc)

Guaranteed Indebtedness. No Borrower shall, or shall not and shall not cause or permit any Subsidiary of Borrower to thereof to, incur any Guaranteed Indebtedness (excluding the Guaranteed Indebtedness pursuant to the Guaranty) except (i) by endorsement of instruments or items of payment for deposit to the general account of Borrower or such Subsidiaryany Borrower, and (ii) for Guaranteed Indebtedness incurred for the benefit of any Borrower or any such Subsidiary of Borrower if the primary obligation is expressly permitted by this 1998 Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Akorn Inc)

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Guaranteed Indebtedness. Borrower shall not and shall not permit any Subsidiary of Borrower to incur any Guaranteed Indebtedness (excluding the Guaranteed Indebtedness pursuant to the Guaranty) except (i) by endorsement of instruments or items of payment for deposit to the general account of Borrower or such Subsidiary, and (ii) for Guaranteed Indebtedness incurred for the benefit of Borrower or any Subsidiary of Borrower if the primary obligation is permitted by this 1998 Credit Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Wahlco Environmental Systems Inc)

Guaranteed Indebtedness. Borrower shall not and shall not permit any Acquiring Subsidiary of Borrower to incur any Guaranteed Indebtedness (excluding the Guaranteed Indebtedness pursuant to the Guaranty) except (i) by endorsement of instruments or of items of payment for deposit to the general account of Borrower or such Subsidiary, and (ii) for Guaranteed Indebtedness incurred for the benefit of Borrower or any Acquiring Subsidiary of Borrower if the primary obligation is permitted by this 1998 Credit Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Banyan Strategic Realty Trust)

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