Common use of Incurrence of Debt Clause in Contracts

Incurrence of Debt. The Company will not voluntarily incur or assume, whether directly or by way of guaranty or otherwise, any material obligation or liability, except obligations and liabilities incurred in the ordinary course of business, consistent with past practice.

Appears in 5 contracts

Samples: Stock Purchase Agreement (Integrity Mutual Funds Inc), Stock Purchase Agreement (SBM Certificate Co), Stock Purchase Agreement (1st Atlantic Guaranty Corp)

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Incurrence of Debt. The Company will not voluntarily incur or assume, whether directly or by way of guaranty or otherwise, any material obligation or liability, except obligations and liabilities incurred in the ordinary course of business, consistent with past practicepractice and as set forth in the Baytown Budget.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Casa Ole Restaurants Inc), Stock Purchase Agreement (Showbiz Pizza Time Inc)

Incurrence of Debt. The Company will not voluntarily incur or assume, whether directly or by way of guaranty or otherwise, any material obligation or liability, except obligations and liabilities incurred in the ordinary course of business, consistent with past good business practice.

Appears in 1 contract

Samples: Stock Purchase Agreement (Fyi Inc)

Incurrence of Debt. The Company will not voluntarily incur or assume, ------------------ whether directly or by way of guaranty xx xxx xx xxxxxxxx or otherwise, any material obligation or liability, except obligations and liabilities incurred in the ordinary course of business, consistent with past practice.

Appears in 1 contract

Samples: Stock Purchase Agreement (Seirios International Inc)

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Incurrence of Debt. The Company Companies will not voluntarily incur or assume, whether directly or by way of guaranty or otherwise, any material obligation or liability, except obligations and liabilities incurred in the ordinary course of business, consistent with past practice.

Appears in 1 contract

Samples: Share Purchase Agreement and Change of Advisor (Integrity Mutual Funds Inc)

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