Common use of Guaranty Obligations Clause in Contracts

Guaranty Obligations. The Borrower will not, nor will it permit any Subsidiary to, enter into or otherwise become or be liable in respect of any Guaranty Obligations (excluding specifically therefrom endorsements in the ordinary course of business of negotiable instruments for deposit or collection) other than (i) those in favor of the Lenders in connection herewith, (ii) Guaranty Obligations by the Borrower or its Subsidiaries of other Indebtedness permitted under Section 6.1 (except, as regards Indebtedness under subsection (b) thereof, only if and to the extent such Indebtedness was guaranteed on the Closing Date), and (iii) other Guaranty Obligations of the Borrowers and its Subsidiaries to the extent permitted by Section 6.1(f) hereof.

Appears in 2 contracts

Samples: Credit Agreement (Cybex International Inc), Credit Agreement (Cybex International Inc)

AutoNDA by SimpleDocs

Guaranty Obligations. The Borrower will not, nor will it permit any Subsidiary to, enter into or otherwise become or be liable in respect of any Guaranty Obligations (excluding specifically therefrom endorsements in the ordinary course of business of negotiable instruments for deposit or collection) other than (i) those in favor of the Lenders in connection herewith, and (ii) Guaranty Obligations by the Borrower or its Subsidiaries of other Indebtedness permitted under Section 6.1 6.1(b) and Section 6.1(g) (except, as regards Indebtedness under subsection (bSection 6.1(b) thereof, only if and to the extent such Indebtedness was guaranteed on the Closing Date), and (iii) other Guaranty Obligations of the Borrowers and its Subsidiaries to the extent permitted by Section 6.1(f) hereof.

Appears in 2 contracts

Samples: Credit Agreement (TTM Technologies Inc), Credit Agreement (TTM Technologies Inc)

Guaranty Obligations. The Borrower will not, nor will it permit any -------------------- Restricted Subsidiary to, enter into or otherwise become or be liable in respect of any Guaranty Obligations (excluding specifically therefrom endorsements in the ordinary course of business of negotiable instruments for deposit or collection) other than (i) those in favor of the Lenders in connection herewith, (ii) Guaranty Obligations by the Borrower or its Subsidiaries any Restricted Subsidiary of other Indebtedness permitted under Section 6.1 (except, as regards Indebtedness under subsection (b) thereof, only if and to the extent such Indebtedness was guaranteed on the Closing Date), ) and (iii) other Guaranty Obligations of the Borrowers and its Subsidiaries to the extent permitted by Section 6.1(f) hereofwhich do not exceed $5,000,000 at any time outstanding.

Appears in 1 contract

Samples: Credit Agreement (T Sf Communications Corp)

Guaranty Obligations. The Borrower will not, nor will it permit any Restricted Subsidiary to, enter into or otherwise become or be liable in respect of any Guaranty Obligations (excluding specifically therefrom endorsements in the ordinary course of business of negotiable instruments for deposit or collection) other than (i) those in favor of the Lenders in connection herewith, (ii) Guaranty Obligations by the Borrower or its Subsidiaries any Restricted Subsidiary of other Indebtedness permitted under Section 6.1 (except, as regards Indebtedness under subsection (b) thereof, only if and to the extent such Indebtedness was guaranteed on the Closing Date), ) and (iii) other Guaranty Obligations of the Borrowers and its Subsidiaries to the extent permitted by Section 6.1(f) hereofwhich do not exceed $5,000,000 at any time outstanding.

Appears in 1 contract

Samples: Credit Agreement (Official Information Co)

Guaranty Obligations. The Borrower Borrowers will not, nor will it they permit any Subsidiary to, enter into or otherwise become or be liable in respect of any Guaranty Obligations (excluding specifically therefrom endorsements in the ordinary course of business of negotiable instruments for deposit or collection) other than (i) those in favor of the Lenders in connection herewith, (ii) Guaranty Obligations by the Borrower Borrowers or its their Subsidiaries of other Indebtedness permitted under Section 6.1 (except, as regards Indebtedness under subsection (b) thereof, only if and to the extent such Indebtedness was guaranteed on the Closing Date), and (iii) other unsecured Guaranty Obligations of the Borrowers and its Subsidiaries to the extent permitted by Section 6.1(f) hereofwhich do not exceed $10,000,000 at any time outstanding.

Appears in 1 contract

Samples: Credit Agreement (Penton Media Inc)

AutoNDA by SimpleDocs

Guaranty Obligations. The Borrower will not, nor will it permit any Subsidiary to, enter into or otherwise become or be liable in respect of any Guaranty Obligations (excluding specifically therefrom endorsements in the ordinary course of business of negotiable instruments for deposit or collection) other than (i) those in favor of the Lenders in connection herewith, (ii) Guaranty Obligations by the Borrower or its Subsidiaries of other Indebtedness permitted under Section 6.1 (except, as regards Indebtedness under subsection (b) thereof, only if and to the extent such Indebtedness was guaranteed on the Closing Date), and (iii) other Guaranty Obligations of the Borrowers and its Subsidiaries to the extent permitted by Section 6.1(f) hereofwhich do not exceed $1,000,000 at any time outstanding.

Appears in 1 contract

Samples: Credit Agreement (Farm Journal Corp)

Guaranty Obligations. The Borrower will not, nor will it permit any Subsidiary other Credit Party to, enter into or otherwise become or be liable in respect of any Guaranty Obligations (excluding specifically therefrom endorsements in the ordinary course of business of negotiable instruments for deposit or collection) other than (i) those in favor of the Lenders in connection herewith, (ii) Guaranty Obligations by the Borrower or its Subsidiaries of other Indebtedness permitted under Section 6.1 6.1(g) (except, as regards Indebtedness under subsection (bSection 6.1(b) thereof, only if and to the extent such Indebtedness was guaranteed on the Closing Date), ) and (iii) other Guaranty Obligations in respect of the Borrowers and its Subsidiaries to the extent permitted by Section 6.1(f) hereofSubordinated Notes.

Appears in 1 contract

Samples: Credit Agreement (Integrated Defense Technologies Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!