Common use of Indebtedness and Disqualified Stock Clause in Contracts

Indebtedness and Disqualified Stock. No Borrower shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, incur, create, assume directly or indirectly, or suffer to exist any Indebtedness (including Disqualified Stock) except:

Appears in 4 contracts

Samples: Security Agreement (Texas Petrochemicals Inc.), Revolving Credit Agreement (Texas Petrochemicals Inc.), Revolving Credit Agreement (Texas Petrochemicals Inc.)

AutoNDA by SimpleDocs

Indebtedness and Disqualified Stock. No The Borrower shallwill not, nor shall it and will not permit any of its Subsidiaries to issue any Disqualified Stock or to, directly or indirectlycreate, incur, create, assume directly or indirectly, or suffer to exist any Indebtedness (including Disqualified Stock) Indebtedness, except:

Appears in 4 contracts

Samples: Revolving Credit and Term Loan Agreement (Stanley, Inc.), Revolving Credit and Term Loan Agreement (Stanley, Inc.), Revolving Credit and Term Loan Agreement (Stanley, Inc.)

AutoNDA by SimpleDocs

Indebtedness and Disqualified Stock. No The Borrower shall, nor shall it permit and its direct and indirect Subsidiaries will not issue any of its Subsidiaries to, directly Disqualified Stock or indirectlycreate, incur, create, assume directly or indirectly, or suffer to exist any Indebtedness (including Disqualified Stock) Indebtedness, except:

Appears in 2 contracts

Samples: Credit Agreement (Superior Uniform Group Inc), Credit Agreement (Superior Uniform Group Inc)

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