Common use of Guarantees, Contracts, etc Clause in Contracts

Guarantees, Contracts, etc. (a) No Borrower owns nor holds equity or long term debt investments in, has any outstanding advances to, or serves as guarantor, surety or accommodation maker for the obligations of, or has any outstanding borrowings from or other Indebtedness owing to, any Person except as described in Schedule 2 hereto. (b) No Borrower is a party to any contract or agreement, or subject to any charter or other corporate restriction, which would be reasonably likely to cause a Material Adverse Effect. (c) Except as otherwise specifically provided in this Agreement, no Borrower has agreed or consented to cause or permit any of the Collateral whether now owned or hereafter acquired to be subject in the future (upon the happening of a contingency or otherwise) to a lien or encumbrance not permitted by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Healthessentials Solutions Inc)

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Guarantees, Contracts, etc. (a) No Borrower owns nor holds partnership interests or equity or long term debt investments in, has any outstanding advances to, or serves as guarantor, surety or accommodation maker for the obligations of, or has any outstanding borrowings from or other Indebtedness owing tofrom, any Person except as described in Schedule 2 5.11 hereto. (b) No Borrower is a party to any contract or agreement, or subject to any charter or other corporate restriction, entity restriction which would could reasonably be reasonably likely expected to cause a Material Adverse Effect. (c) Except as otherwise specifically provided in this Agreement, no Borrower has agreed or consented to cause or permit any of the Collateral whether now owned or hereafter acquired to be subject in the future (upon the happening of a contingency or otherwise) to a lien or encumbrance not permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Adcare Health Systems, Inc)

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Guarantees, Contracts, etc. (a) No Borrower owns nor or holds partnership interests or equity or long term debt investments in, has any outstanding advances to, or serves as guarantor, surety or accommodation maker for the obligations of, or has any outstanding borrowings from or other Indebtedness owing to, any Person except as described in Schedule 2 5.11 hereto. (b) No Borrower is a party to any contract or agreement, or subject to any charter or other corporate restriction, entity restriction which would could reasonably be reasonably likely expected to cause a Material Adverse Effect. (c) Except as otherwise specifically provided in this Agreement, no Borrower has agreed or consented to cause or permit any of the Collateral whether now owned or hereafter acquired to be subject in the future (upon the happening of a contingency or otherwise) to a lien or encumbrance not permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Prospect Medical Holdings Inc)

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