Common use of Guaranteed Indebtedness Clause in Contracts

Guaranteed Indebtedness. Borrower shall not, nor shall Borrower permit any of its Subsidiaries to, incur any Guaranteed Indebtedness except by endorsement of instruments or items of payment for deposit to the general account of Borrower, and for Guaranteed Indebtedness incurred for the benefit of Borrower or such Subsidiary if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Artra Group Inc)

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Guaranteed Indebtedness. Borrower shall not, nor shall Borrower permit any of its Subsidiaries to, incur any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of Borrower or such Subsidiary if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Artra Group Inc)

Guaranteed Indebtedness. Borrower shall not, nor not (and shall Borrower not permit any of ----------------------- its Subsidiaries to, ) incur any Guaranteed Indebtedness except (i) by endorsement of instruments or items of payment for deposit to the general account of Borrower, and such Person or (ii) for Guaranteed Indebtedness incurred for the benefit of Borrower or such Subsidiary 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 1 contract

Samples: Loan and Security Agreement (Master Graphics Inc)

Guaranteed Indebtedness. Borrower shall not, nor shall Borrower permit any of its Subsidiaries to, incur any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of Borrower or such Subsidiary if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Packaging Dynamics Corp)

Guaranteed Indebtedness. Borrower shall not, not (nor shall Borrower permit any of its Subsidiaries to, ) incur any Guaranteed Indebtedness except except: (a) by endorsement of instruments or items of payment for deposit to the general account of Borrower, and for Guaranteed Indebtedness incurred for the benefit of Borrower or such Subsidiary if the primary obligation is expressly permitted by this Agreement.Subsidiary; (b)

Appears in 1 contract

Samples: Credit Agreement (Ramsay Health Care Inc)

Guaranteed Indebtedness. Borrower shall not, nor shall Borrower permit any of its Subsidiaries to, not incur any Guaranteed ----------------------- Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of Borrower or such Subsidiary if the primary obligation is expressly permitted by this Agreement, and (c) those obligations set forth in Part K of the Disclosure Schedule.

Appears in 1 contract

Samples: Credit Agreement (Beringer Wine Estates Holdings Inc)

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Guaranteed Indebtedness. Borrower shall not, nor not (and shall Borrower not permit ----------------------- any of its Subsidiaries to, ) incur any Guaranteed Indebtedness except except: (a) by endorsement of instruments or items of payment for deposit to the general account of Borrower, and for Guaranteed Indebtedness incurred for the benefit of Borrower or such Subsidiary if the primary obligation is expressly permitted by this Agreement.Person;

Appears in 1 contract

Samples: Credit Agreement (Seven Up Rc Bottling Company of Southern California Inc)

Guaranteed Indebtedness. Borrower shall not, not (nor shall Borrower permit ----------------------- any of its Subsidiaries to, ) incur any Guaranteed Indebtedness except except: (a) by endorsement of instruments or items of payment for deposit to the general account of Borrower, and for Guaranteed Indebtedness incurred for the benefit of Borrower or such Subsidiary if the primary obligation is expressly permitted by this Agreement.Subsidiary; (b)

Appears in 1 contract

Samples: Credit Agreement (Ramsay Health Care Inc)

Guaranteed Indebtedness. Borrower shall not, nor shall Borrower it cause or permit any of its Subsidiaries Subsidiary thereof to, incur any Guaranteed Indebtedness except (i) by endorsement of instruments or items of payment for deposit to the general account of Borrower, and (ii) for Guaranteed Indebtedness incurred for the benefit of Borrower or such any Subsidiary thereof if the primary obligation is expressly permitted by this AgreementAgreement and (iii) existing Guaranteed Indebtedness set forth on Schedule 6.6 hereto.

Appears in 1 contract

Samples: Credit Agreement (Lasermaster Technologies Inc)

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