Common use of Guaranteed Indebtedness Clause in Contracts

Guaranteed Indebtedness. Borrower shall not create, incur, assume or permit to exist any Guaranteed Indebtedness except by endorsement of instruments or items of payment for deposit to the general account of Borrower.

Appears in 2 contracts

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

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Guaranteed Indebtedness. Borrower shall not create, incur, assume or permit to exist any Guaranteed Indebtedness obligation to guaranty any indebtedness or other obligation of any other Person in any manner except by endorsement of instruments or items of payment for deposit to the general account of Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Great American Group, Inc.), Credit Agreement (Great American Group, Inc.)

Guaranteed Indebtedness. Borrower shall not, and shall not permit any of its Subsidiaries to create, incur, assume or permit to exist any Guaranteed Indebtedness except by endorsement of instruments or items of payment for deposit to the general account of Borrowersuch Person.

Appears in 1 contract

Samples: Credit Agreement (American Coin Merchandising Inc)

Guaranteed Indebtedness. Borrower shall not create, incur, assume or permit to exist any Guaranteed Indebtedness obligation to guaranty any indebtedness or other obligation of any other Person in any manner except by endorsement of instruments or items of payment for deposit to the general account of Borrower; provided, however, that the English Borrower may, with Lender’s prior written consent, guarantee the obligations of any Subsidiary of the English Borrower formed to conduct Liquidation Sales solely arising in connection with Liquidation Sales permitted hereunder or Permitted Capital Assets Transactions.

Appears in 1 contract

Samples: Credit Agreement (Great American Group, Inc.)

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Guaranteed Indebtedness. Borrower shall not create, incur, assume or permit to exist any Guaranteed guaranty of any Indebtedness of any Person except by endorsement of instruments or items of payment for deposit to the general account of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Cybergy Holdings, Inc.)

Guaranteed Indebtedness. No Borrower shall not create, incur, assume or permit to exist any Guaranteed obligation to guaranty any Indebtedness or other obligation of any other Person in any manner except by endorsement of instruments or items of payment for deposit to the general account of BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Great American Group, Inc.)

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