Common use of Guaranties; Contingent Liabilities Clause in Contracts

Guaranties; Contingent Liabilities. (a) Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any Person, except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, except for contractual obligations existing on the date hereof and Borrower represents the maximum aggregate liability thereunder is not more than $100,000.00 in the combined aggregate, or

Appears in 4 contracts

Samples: Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (Helios & Matheson North America Inc.)

AutoNDA by SimpleDocs

Guaranties; Contingent Liabilities. (a) Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any Person, except by the endorsement of negotiable instruments for deposit or collection or similar transactions transactions, or the incurrence of surety bonds or performance bonds and other obligations of like nature, in the its ordinary course of business, except for contractual obligations existing on the date hereof and Borrower represents the maximum aggregate liability thereunder is not more than $100,000.00 in the combined aggregate, orbusiness as currently conducted.

Appears in 4 contracts

Samples: Loan and Security Agreement (Fat Brands, Inc), Loan and Security Agreement (Fat Brands, Inc), Loan and Security Agreement (Fat Brands, Inc)

Guaranties; Contingent Liabilities. (a) Assume, guarantee, endorse, contingently agree to purchase purchase, assume or otherwise become liable upon for the obligation Indebtedness of any Person, except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, except for contractual obligations existing Borrower’s business as conducted on the date hereof and Borrower represents the maximum aggregate liability thereunder is not more than $100,000.00 in the combined aggregate, orEffective Date.

Appears in 4 contracts

Samples: Loan and Security Agreement (Castle Brands Inc), Loan and Security Agreement (General Employment Enterprises Inc), Loan and Security Agreement (Castle Brands Inc)

Guaranties; Contingent Liabilities. (a) Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any Person, except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, except for contractual obligations existing on the date hereof and Borrower represents the maximum aggregate liability thereunder is not more than $100,000.00 in the combined aggregate, or

Appears in 2 contracts

Samples: Loan and Security Agreement (Afp Imaging Corp), Loan and Security Agreement (NQL Inc)

Guaranties; Contingent Liabilities. (a) Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any Person, except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the its ordinary course of business, except for contractual obligations existing on the date hereof and Borrower represents the maximum aggregate liability thereunder is not more than $100,000.00 in the combined aggregate, orbusiness as currently conducted.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Hirsch International Corp), Term Loan Agreement (Ep Medsystems Inc)

Guaranties; Contingent Liabilities. (a) Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any Person, except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, except for contractual obligations existing on the date hereof and Borrower represents the maximum aggregate liability thereunder is not more than $100,000.00 in the combined aggregate, orits business as currently conducted.

Appears in 2 contracts

Samples: Loan Agreement (Hudson Technologies Inc /Ny), Loan Agreement (Hudson Technologies Inc /Ny)

Guaranties; Contingent Liabilities. (a) Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any Person, except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, except for contractual obligations existing on or (b) agree to maintain the date hereof and Borrower represents the maximum aggregate liability thereunder is not more than $100,000.00 in the combined aggregate, orworking capital or net worth of any Person.

Appears in 1 contract

Samples: Loan and Security Agreement (Community Distributors Inc)

AutoNDA by SimpleDocs

Guaranties; Contingent Liabilities. (a) Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any Person, Person or permit any Guarantor to engage in any such transaction except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, except for contractual obligations existing on the date hereof and Borrower represents the maximum aggregate liability thereunder is not more than $100,000.00 in the combined aggregate, orBorrower's or such Guarantor's business as currently conducted.

Appears in 1 contract

Samples: Loan Agreement (Diversified Security Solutions Inc)

Guaranties; Contingent Liabilities. (a) Assume, guarantee, endorse, contingently agree to purchase purchase, assume or otherwise become liable upon for the obligation Indebtedness of any Person, except (a) by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course Ordinary Course of business, except for contractual obligations existing Business of Borrower and (b) unsecured guarantees in existence on the date hereof and Borrower represents the maximum aggregate liability thereunder is not more than $100,000.00 Effective Date that are described in the combined aggregate, orDisclosure Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Blue Star Foods Corp.)

Guaranties; Contingent Liabilities. (a) Assume, guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any PersonPerson other than a Guarantor, except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the its ordinary course of business, except for contractual obligations existing on the date hereof and Borrower represents the maximum aggregate liability thereunder is not more than $100,000.00 in the combined aggregate, orbusiness as currently conducted.

Appears in 1 contract

Samples: Revolving Loan Agreement (Jaclyn Inc)

Guaranties; Contingent Liabilities. (a) Assume, guarantee, endorse, contingently agree to purchase purchase, assume or otherwise become liable upon for the obligation Indebtedness of any PersonPerson (or suffer the incurrence of any such Indebtedness), except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, except for contractual obligations existing Borrower's business as conducted on the date hereof and Borrower represents the maximum aggregate liability thereunder is not more than $100,000.00 in the combined aggregate, orEffective Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Hooper Holmes Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.