Common use of Incurrence of Indebtedness Clause in Contracts

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, assume or suffer to exist any senior, non-convertible Indebtedness for borrowed money, other than any such Indebtedness comprising Permitted Indebtedness.

Appears in 2 contracts

Samples: Convertible Security Agreement (Dolphin Entertainment, Inc.), Convertible Security Agreement (Dolphin Entertainment, Inc.)

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Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, (i) incur or guarantee, assume or suffer to exist any senior, non-convertible Indebtedness for borrowed money, that is senior to Indebtedness under the Notes other than any such Indebtedness comprising Permitted Indebtedness, or (ii) increase the amount owed under any existing Indebtedness, as set forth in Schedule 3(q) to the Securities Purchase Agreement.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Blue Ocean Acquisition Corp), Securities Purchase Agreement (TNL Mediagene)

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, guarantee or assume or suffer to exist any senior, non-convertible Indebtedness for borrowed moneyIndebtedness, other than any such Indebtedness comprising Permitted Indebtedness.

Appears in 2 contracts

Samples: Note Agreement (Zhibao Technology Inc.), Note Agreement (Trio Petroleum Corp.)

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, guarantee or assume or suffer to exist any senior, non-convertible Indebtedness for borrowed money, (other than any such Indebtedness comprising (i) this Note, the Other Notes, and the Additional Notes upon issuance, and (ii) Permitted Indebtedness).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Tuatara Capital Acquisition Corp), Note (SpringBig Holdings, Inc.)

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, guarantee or assume or suffer to exist any senior, non-convertible Indebtedness for borrowed moneyIndebtedness, other than any such Indebtedness comprising (i) this Note, and (ii) Permitted Indebtedness.

Appears in 2 contracts

Samples: Note Agreement (Caravelle International Group), Note Agreement (Caravelle International Group)

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, guarantee or assume or suffer to exist any senior, non-convertible Indebtedness for borrowed moneyIndebtedness, other than any such Indebtedness comprising (i) this Note and the Additional Note upon issuance, and (ii) Permitted Indebtedness.

Appears in 2 contracts

Samples: Note (Caravelle International Group), Note Agreement (Trio Petroleum Corp.)

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, guarantee or assume or suffer to exist any senior, non-convertible Indebtedness for borrowed moneyIndebtedness, other than (i) this Note and any such Indebtedness comprising Additional Note upon issuance, and (ii) Permitted Indebtedness.

Appears in 2 contracts

Samples: Note Agreement (Healthcare Triangle, Inc.), Promissory Note (Healthcare Triangle, Inc.)

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, without the prior express written consent of the Holder, incur or guarantee, assume or suffer to exist any senior, non-convertible Indebtedness for borrowed moneyIndebtedness, other than (i) the Indebtedness evidenced by this Note, (ii) Permitted Indebtedness and (iii) Indebtedness solely between or among the Company and any such Indebtedness comprising Permitted Indebtednessof its Subsidiaries.

Appears in 1 contract

Samples: Note Agreement (Workstream Inc)

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, without the prior express written consent of the Holder, incur or guarantee, assume or suffer to exist any senior, non-convertible Indebtedness for borrowed moneyIndebtedness, other than (i) the Indebtedness evidenced by this Note and the Other Notes, (ii) Permitted Indebtedness and (iii) Indebtedness solely between or among the Company and any such Indebtedness comprising Permitted Indebtednessof its Subsidiaries.

Appears in 1 contract

Samples: Note (Workstream Inc)

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, guarantee or assume or suffer to exist any senior, non-convertible Indebtedness for borrowed moneyIndebtedness, other than any such Indebtedness comprising (i) this Note and the First Tranche Note upon issuance, and (ii) Permitted Indebtedness.

Appears in 1 contract

Samples: Note Agreement (Trio Petroleum Corp.)

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, guarantee or assume or suffer to exist any senior, non-convertible Indebtedness for borrowed money, (other than any such Indebtedness comprising (i) this Advance Note, the Other Advance Note and the Prepaid-Tranches upon issuance, and (ii) Permitted Indebtedness).

Appears in 1 contract

Samples: Securities Purchase Contract (Ascent Solar Technologies, Inc.)

Incurrence of Indebtedness. The Company Corporation shall not, and the Company Corporation shall cause each of its Subsidiaries to not, directly or indirectly, incur or incur, guarantee, or assume or suffer to exist any senior, non-convertible Indebtedness for borrowed money, (other than any such (i) the Indebtedness comprising evidenced by this Note and (ii) other Permitted IndebtednessIndebtedness (as defined in the Restated Securities Purchase Agreement)).

Appears in 1 contract

Samples: Securities Purchase Agreement (Neovasc Inc)

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, guaranty or assume or suffer to exist any senior, non-convertible Indebtedness for borrowed money, (other than any such Indebtedness comprising (i) this Note and the Convertible Notes and (ii) Permitted Indebtedness).

Appears in 1 contract

Samples: Secured Term Promissory Note (SpringBig Holdings, Inc.)

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Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur create or guaranteeauthorize the creation of any debt security, assume borrow money or suffer to exist guaranty any senior, non-convertible Indebtedness for borrowed money, (other than any such (i) the Indebtedness comprising evidenced by this Note and the other Notes and (ii) other Permitted Indebtedness).

Appears in 1 contract

Samples: Security Agreement (Lucid Diagnostics Inc.)

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, guarantee or assume or suffer to exist any senior, non-convertible Indebtedness for borrowed money, (other than any such Indebtedness comprising (i) the Notes, and (ii) Permitted Indebtedness).

Appears in 1 contract

Samples: Note Agreement (Snail, Inc.)

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, assume or suffer to exist any senior, non-convertible Indebtedness for borrowed money, other than any such (i) the Indebtedness comprising evidenced by this Note and the Other Notes and (ii) other Permitted Indebtedness.

Appears in 1 contract

Samples: Securities Purchase Agreement (Crumbs Bake Shop, Inc.)

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, assume or suffer to exist any senior, non-convertible Indebtedness for borrowed money, (other than (i) the Indebtedness evidenced by this Note and the Other Notes and (ii) any such other Indebtedness comprising Permitted Indebtednessincurred pursuant to the Settlement Agreement, the NPA or the SEPA).

Appears in 1 contract

Samples: Convertible Note (Volato Group, Inc.)

Incurrence of Indebtedness. The At all times prior to the Defeasance Time, the Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, assume or suffer to exist any senior, non-convertible Indebtedness for borrowed money, (other than any such (i) the Indebtedness comprising evidenced by this Note and the Other Notes and (ii) other Permitted Indebtedness).

Appears in 1 contract

Samples: Securities Purchase Agreement (BOQI International Medical, Inc.)

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, guaranty or assume or suffer to exist any senior, non-convertible Indebtedness for borrowed money, (other than any such Indebtedness comprising (i) this Note and the Term Notes and (ii) Permitted Indebtedness).

Appears in 1 contract

Samples: Note Agreement (SpringBig Holdings, Inc.)

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, assume or suffer to exist any senior, non-convertible Indebtedness for borrowed money, (other than any such (i) the Indebtedness comprising evidenced by this Note and (ii) other Permitted Indebtedness).

Appears in 1 contract

Samples: Securities Purchase Agreement

Incurrence of Indebtedness. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guaranteeguarantee or assume any Indebtedness (other than (i) this Note and the Additional Notes upon issuance, assume or suffer to exist any senior, non-convertible and (ii) Indebtedness for borrowed money, other than any such Indebtedness comprising operational costs incurred in the normal course of business not to exceed $150,000 and expenses associated with D&O and general liability insurance policies (β€œPermitted Indebtedness”).

Appears in 1 contract

Samples: Convertible Security Agreement (cbdMD, Inc.)

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