Common use of Guaranties; Contingent Liabilities Clause in Contracts

Guaranties; Contingent Liabilities. 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, or the incurrence of surety bonds or performance bonds and other obligations of like nature, in its ordinary course of business 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)

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Guaranties; Contingent Liabilities. 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, or transactions in the incurrence of surety bonds or performance bonds and other obligations of like nature, in its ordinary course of Borrower’s business as currently conductedconducted on the Effective 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, or transactions in the incurrence of surety bonds or performance bonds and other obligations of like nature, in its ordinary course of business business, or (b) Agree to maintain the working capital or net worth of any Person or to make investments in any Person (except for short-term investments of excess cash as currently conductedherein permitted).

Appears in 2 contracts

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

Guaranties; Contingent Liabilities. 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, or the incurrence of surety bonds or performance bonds and other obligations of like nature, transactions in its ordinary course of business as currently conducted.

Appears in 2 contracts

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

Guaranties; Contingent Liabilities. 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, or transactions in the incurrence of surety bonds or performance bonds and other obligations of like nature, in its ordinary course of its business as currently conducted.

Appears in 2 contracts

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

Guaranties; Contingent Liabilities. 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 in the endorsement of negotiable instruments for deposit or collection or similar transactions, or the incurrence of surety bonds or performance bonds and other obligations of like nature, in its ordinary course of Borrower's or such Guarantor's business as currently conducted.

Appears in 1 contract

Samples: Loan Agreement (Diversified Security Solutions Inc)

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Guaranties; Contingent Liabilities. 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, or transactions in the incurrence of surety bonds or performance bonds and other obligations of like nature, in its ordinary course of Borrower's business as currently conductedconducted on the Effective Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Hooper Holmes Inc)

Guaranties; Contingent Liabilities. 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, or the incurrence of surety bonds or performance bonds and other obligations of like nature, transactions in its ordinary course of business as currently conducted.

Appears in 1 contract

Samples: Revolving Loan Agreement (Jaclyn 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, or transactions in the incurrence of surety bonds or performance bonds and other obligations of like nature, in its ordinary course of business as currently conductedbusiness, or (b) agree to maintain the working capital or net worth of any Person.

Appears in 1 contract

Samples: Loan and Security Agreement (Community Distributors Inc)

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