Common use of Indebtedness and Liens Clause in Contracts

Indebtedness and Liens. As of the Closing Date, (i) no Subsidiary of the Borrower had outstanding any Indebtedness that was created, incurred or assumed after June 30, 2007, except Indebtedness that would have been permitted by Section 7.2 (without giving effect to the Indebtedness permitted by Section 7.2(a)(i)) if created, incurred or assumed by such Subsidiary on the Closing Date and (ii) there does not exist (a) any Lien that was created, incurred or assumed after June 30, 2007, upon any stock or Indebtedness of any Subsidiary to secure any Debt of the Borrower or any of its Subsidiaries or any other Person (other than the obligations hereunder) or (b) any Lien that was created, incurred or assumed after June 30, 2007, upon any other Property, to secure any Debt of the Borrower or any of its Subsidiaries or any other Person (other than the obligations hereunder), except, in the case of (a) or (b), Liens that would have been permitted by Section 7.3 hereof (without giving effect to the Liens that would have been permitted by Section 7.3(i)(x)) if so created, incurred or assumed on the Closing Date.

Indebtedness and Liens. As of the Closing Date, (i) no Subsidiary (other than the Borrower) of either of the Borrower Loan Parties had outstanding any Indebtedness that was created, incurred or assumed after June September 30, 20072006, except Indebtedness that would have been permitted by Section 7.2 (without giving effect to the Indebtedness permitted by Section 7.2(a)(i7.2(a)) if created, incurred or assumed by such Subsidiary on the Closing Date and (ii) there does not exist (a) any Lien that was created, incurred or assumed after June September 30, 20072006, upon any stock or Indebtedness of any Subsidiary to secure any Debt of the Borrower any Loan Party or any of its their Subsidiaries or any other Person (other than the obligations hereunder) or (b) any Lien that was created, incurred or assumed after June September 30, 20072006, upon any other Property, to secure any Debt of the Borrower any Loan Party or any of its their Subsidiaries or any other Person (other than the obligations hereunder), except, in the case of (a) or (b), Liens that would have been permitted by Section 7.3 hereof (without giving effect to the Liens that would have been permitted by Section 7.3(i)(x)) if so created, incurred or assumed on the Closing Date.

Indebtedness and Liens. As of the Closing Date, (i) no Subsidiary of the Borrower had outstanding any Indebtedness that was created, incurred or assumed after June 30, 20072011, except Indebtedness that would have been permitted by Section 7.2 (without giving effect to the Indebtedness permitted by Section 7.2(a)(i7.2(a), except for refinancings, refundings, renewals or extensions permitted by such Section) if created, incurred or assumed by such Subsidiary on the Closing Date and (ii) there does not exist (a) any Lien that was created, incurred or assumed after June 30, 20072011, upon any stock or Indebtedness of any Subsidiary to secure any Debt of the Borrower or any of its Subsidiaries or any other Person (other than the obligations hereunder) or (b) any Lien that was created, incurred or assumed after June 30, 20072011, upon any other Property, to secure any Debt of the Borrower or any of its Subsidiaries or any other Person (other than the obligations hereunder), except, in the case of (a) or (b), Liens that would have been permitted by Section 7.3 hereof (without giving effect to the Liens that would have been permitted by Section 7.3(i)(x)) if so created, incurred or assumed on the Closing Date.

Indebtedness and Liens. As of the Closing Effective Date, (i) no Subsidiary of the Borrower had outstanding any Indebtedness that was created, incurred or assumed after June 30, 20072014, except Indebtedness that would have been permitted by Section 7.2 6.02 (without giving effect to the Indebtedness permitted by Section 7.2(a)(i6.02(a)(i)) if created, incurred or assumed by such Subsidiary on the Closing Effective Date and (ii) there does not exist (a) any Lien that was created, incurred or assumed after June 30, 20072014, upon any stock or Indebtedness of any Subsidiary to secure any Debt of the Borrower or any of its Subsidiaries or any other Person (other than the obligations hereunder) or (b) any Lien that was created, incurred or assumed after June 30, 20072014, upon any other Property, to secure any Debt of the Borrower or any of its Subsidiaries or any other Person (other than the obligations hereunder), except, in the case of (a) or (b), Liens that would have been permitted by Section 7.3 6.03 hereof (without giving effect to the Liens that would have been permitted by Section 7.3(i)(x6.03(i)(x)) if so created, incurred or assumed on the Closing Effective Date.

Indebtedness and Liens. As of the Closing Date, (i) no Subsidiary (other than White Mountains Re) of either of the Borrower Borrowers had outstanding any Indebtedness that was created, incurred or assumed after June September 30, 20072006, except Indebtedness that would have been permitted by Section 7.2 (without giving effect to the Indebtedness permitted by Section 7.2(a)(i)) if created, incurred or assumed by such Subsidiary on the Closing Date and (ii) there does not exist (a) any Lien that was created, incurred or assumed after June September 30, 20072006, upon any stock or Indebtedness of any Subsidiary to secure any Debt of the Borrower Borrowers or any of its their Subsidiaries or any other Person (other than the obligations hereunder) or (b) any Lien that was created, incurred or assumed after June September 30, 20072006, upon any other Property, to secure any Debt of the Borrower Borrowers or any of its their Subsidiaries or any other Person (other than the obligations hereunder), except, in the case of (a) or (b), Liens that would have been permitted by Section 7.3 hereof (without giving effect to the Liens that would have been permitted by Section 7.3(i)(x)) if so created, incurred or assumed on the Closing Date.

Indebtedness and Liens. As of the Closing Date, (i) no Subsidiary of the Borrower had outstanding any Indebtedness that was created, incurred or assumed after June September 30, 20072011, except Indebtedness that would have been permitted by Section 7.2 6.02 (without giving effect to the Indebtedness permitted by Section 7.2(a)(i6.02(a)(i)) if created, incurred or assumed by such Subsidiary on the Closing Date and (ii) there does not exist (a) any Lien that was created, incurred or assumed after June September 30, 20072011, upon any stock or Indebtedness of any Subsidiary to secure any Debt of the Borrower or any of its Subsidiaries or any other Person (other than the obligations hereunder) or (b) any Lien that was created, incurred or assumed after June September 30, 20072011, upon any other Property, to secure any Debt of the Borrower or any of its Subsidiaries or any other Person (other than the obligations hereunder), except, in the case of (a) or (b), Liens that would have been permitted by Section 7.3 6.03 hereof (without giving effect to the Liens that would have been permitted by Section 7.3(i)(x6.03(i)(x)) if so created, incurred or assumed on the Closing Date.

Indebtedness and Liens. As of the Closing Date, (i) no Subsidiary (other than Fund American) of either of the Borrower Borrowers had outstanding any Indebtedness that was created, incurred or assumed after June 30, 20072004, except Indebtedness that would have been permitted by Section 7.2 (without giving effect to the Indebtedness permitted by Section 7.2(a)(i7.2(a)) if created, incurred or assumed by such Subsidiary on the Closing Date and (ii) there does not exist (a) any Lien that was created, incurred or assumed after June 30, 20072004, upon any stock or Indebtedness indebtedness of any Subsidiary to secure any Debt of the Borrower Borrowers or any of its their Subsidiaries or any other Person person (other than the obligations hereunder) or (b) any Lien that was created, incurred or assumed after June 30, 20072004, upon any other Property, to secure any Debt of the Borrower Borrowers or any of its their Subsidiaries or any other Person person (other than the obligations hereunder), except, in the case of (a) or (b), Liens that would have been permitted by Section 7.3 hereof (without giving effect to the Liens that would have been permitted by Section 7.3(i)(x7.3(a)(x)) if so created, incurred or assumed on the Closing Date.

Indebtedness and Liens. As of the Closing Date, (i) no Subsidiary of the Borrower had outstanding any Indebtedness that was created, incurred or assumed after June 30March 31, 2007, except Indebtedness that would have been permitted by Section 7.2 (without giving effect to the Indebtedness permitted by Section 7.2(a)(i)) if created, incurred or assumed by such Subsidiary on the Closing Date and (ii) there does not exist (a) any Lien that was created, incurred or assumed after June 30March 31, 2007, upon any stock or Indebtedness of any Subsidiary to secure any Debt of the Borrower or any of its Subsidiaries or any other Person (other than the obligations hereunder) or (b) any Lien that was created, incurred or assumed after June 30March 31, 2007, upon any other Property, to secure any Debt of the Borrower or any of its Subsidiaries or any other Person (other than the obligations hereunder), except, in the case of (a) or (b), Liens that would have been permitted by Section 7.3 hereof (without giving effect to the Liens that would have been permitted by Section 7.3(i)(x)) if so created, incurred or assumed on the Closing Date.

Indebtedness and Liens. As of the Closing Date, (i) no Subsidiary (other than Fund American) of either of the Borrower Borrowers had outstanding any Indebtedness of such Subsidiary that was created, incurred or assumed after June 30, 20072003, except Indebtedness that would have been permitted by Section 7.2 (without giving effect to the Indebtedness permitted by Section 7.2(a)(i7.2(a)) if created, incurred or assumed by such Subsidiary on the Closing Date and (ii) there does not exist (a) any Lien that was created, incurred or assumed after June 30, 20072003, upon any stock or Indebtedness indebtedness of any Subsidiary to secure any Debt of the Borrower Borrowers or any of its their Subsidiaries or any other Person person (other than the obligations hereunder) or (b) any Lien that was created, incurred or assumed after June 30, 20072003, upon any other Property, to secure any Debt of the Borrower Borrowers or any of its their Subsidiaries or any other Person person (other than the obligations hereunder), except, in the case of (a) or (b), Liens that would have been permitted by Section 7.3 hereof (without giving effect to the Liens that would have been permitted by Section 7.3(i)(x7.3(a)(x)) if so created, incurred or assumed on the Closing Date.

Indebtedness and Liens. As of the Closing Date, (i) no Subsidiary of the Borrower had outstanding any Indebtedness that was created, incurred or assumed after June 30, 20072013, except Indebtedness that would have been permitted by Section 7.2 (without giving effect to the Indebtedness permitted by Section 7.2(a)(i7.2(a), except for refinancings, refundings, renewals or extensions permitted by such Section) if created, incurred or assumed by such Subsidiary on the Closing Date and (ii) there does not exist (a) any Lien that was created, incurred or assumed after June 30, 20072013, upon any stock or Indebtedness of any Subsidiary to secure any Debt of the Borrower or any of its Subsidiaries or any other Person (other than the obligations hereunder) or (b) any Lien that was created, incurred or assumed after June 30, 20072013, upon any other Property, to secure any Debt of the Borrower or any of its Subsidiaries or any other Person (other than the obligations hereunder), except, in the case of (a) or (b), Liens that would have been permitted by Section 7.3 hereof (without giving effect to the Liens that would have been permitted by Section 7.3(i)(x)) if so created, incurred or assumed on the Closing Date.

Indebtedness and Liens. As of the Closing Effective Date, (i) no Subsidiary of the Borrower had outstanding any Indebtedness that was created, incurred or assumed after June 30, 20072015, except Indebtedness that would have been permitted by Section 7.2 6.02 (without giving effect to the Indebtedness permitted by Section 7.2(a)(i6.02(a)(i)) if created, incurred or assumed by such Subsidiary on the Closing Effective Date and (ii) there does not exist (a) any Lien that was created, incurred or assumed after June 30, 20072015, upon any stock or Indebtedness of any Subsidiary to secure any Debt of the Borrower or any of its Subsidiaries or any other Person (other than the obligations hereunder) or (b) any Lien that was created, incurred or assumed after June 30, 20072015, upon any other Property, to secure any Debt of the Borrower or any of its Subsidiaries or any other Person (other than the obligations hereunder), except, in the case of (a) or (b), Liens that would have been permitted by Section 7.3 6.03 hereof (without giving effect to the Liens that would have been permitted by Section 7.3(i)(x6.03(i)(x)) if so created, incurred or assumed on the Closing Effective Date.