Indebtedness and obligations. No circumstances or events have arisen or occurred or so far as the Company is aware are likely to arise or occur such that any person is (or would, with the giving of notice and/or lapse of time and/or fulfilment of any condition and/or the making of any determination, become) entitled to repayment of any material indebtedness prior to its due date for payment by any member of the Group, or to take any step to enforce any security for any such indebtedness of any member of the Group and no person to whom any indebtedness for borrowed money of any member of the Group which is payable on demand is owed has demanded or threatened to demand repayment of the same; no member of the Group is party to or under any obligation which is material and is of an unusual or unduly onerous nature; neither this Agreement nor the Subscription will constitute or give rise to a breach of or default under any agreement or other arrangement to which the Company or any other member of the Group is party or give rise to any rights of any third party in respect of any assets of the Group.
Indebtedness and obligations. Except for indebtedness under the Loan Documents, neither the Company nor any Subsidiary shall incur indebtedness for borrowed money. The Company and each Subsidiary shall pay all of its respective obligations as such obligations become due, consistent with past practices, so that all such obligations shall be current, consistent with past practices, as of the Closing Date. Without limiting the generality of the foregoing, the Company and each Subsidiary shall perform their respective obligations under the Loan Documents.
Indebtedness and obligations. The words “indebtedness” and “obligations”, which words are used in describing the Obligations, are used in their most comprehensive sense and means and includes any and all of Debtor’s liabilities, obligations, debts, and indebtedness to Creditor, now existing or later incurred or created, including, without limitation, all loans, advances, interest, costs, debts, statutory obligations, tort obligations (including under negligence, intentional tort, strict liability, or any other legal doctrine), other obligations, and liabilities of Debtor, and any present or future judgments against Debtor relating to the Lease Documents or the transactions, rights, and duties contemplated by the Lease Documents; and whether any such indebtedness is voluntarily or involuntarily incurred, due or not due, absolute or contingent, liquidated or unliquidated, determine or undetermined; whether Debtor may be liable individually or jointly with others, or primarily or secondarily, or as guarantor or surety; whether recovery on the indebtedness or obligation may be or may become barred or unenforceable against Debtor for any reason whatsoever; and whether the indebtedness or obligation arises from transactions which may be voidable or unenforceable on account of infancy, insanity, ultra xxxxx, or otherwise.
Indebtedness and obligations. 24 6.6 Amendments.............................................24 6.7 Securities.............................................24 6.8 Licenses...............................................25 6.9
Indebtedness and obligations. Neither the Company nor any Subsidiaries shall incur any indebtedness for borrowed money except pursuant to distributions under the ESOP pursuant to the terms of the ESOP. The Company and its Subsidiaries shall pay all their obligations as they become due, consistent with past practices, so that all such obligations shall be current as of the Closing Date.
Indebtedness and obligations. Create, incur, assume or become liable in any manner for ANY indebtedness for borrowed money or contingent liability, other than to Bank, except for existing indebtedness disclosed to Bank in writing and acknowledged by Bank prior to the date of this Agreement. For the purposes hereof, the sale or assignment of accounts receivable, the deferred payment for the purchase of assets (but excluding accounts payable incurred in the normal course of business) and the execution of agreements which would be classified as capitalized leases pursuant to GAAP shall constitute incurring indebtedness for borrowed money, and the execution of any guaranty agreement or letter of credit agreement shall constitute the incurrence of a contingent liability.
Indebtedness and obligations. Incur any additional Indebtedness other than (i) Indebtedness under the KeyBank Credit Documents and (ii) other liabilities (other than for borrowed money or the guarantee of indebtedness) arising under Contracts entered into in accordance with this Section 5 (including those liabilities permitted as a result of obtaining Buyer's prior written consent);
Indebtedness and obligations. (A) The amount borrowed by the Company from each of its bankers does not exceed the overdraft facility agreed with such banker.
(B) The total amount borrowed by the Company from any source does not exceed any limitation on its borrowing contained in the articles of association of the Company (if any) or in any debenture or loan stock trust deed or instrument or any other document executed by the Company.
(C) Save for the Bond, the Company has no outstanding loan capital or loan stock.
(D) Particulars of all money borrowed by and guarantee and indemnity given by the Company have been Disclosed.
(E) No circumstances or events have arisen or occurred or are likely to arise or occur such that any person is (or would, with the giving of notice and/or lapse of time and/or fulfilment of any condition and/or the making of any determination, become) entitled to repayment of any material indebtedness prior to its due date for payment by the Company, or to take any step to enforce any security for any such indebtedness of any member of the Company and no person to whom any indebtedness for borrowed money of the Company which is payable on demand is owed has demanded or threatened to demand repayment of the same; neither this Agreement nor the consummation of the transactions contemplated will constitute or give rise to a breach of or default under any agreement or other arrangement to which the Company is party or give rise to any rights of any third party adverse to the Company in respect of any assets of the Company.
Indebtedness and obligations. Seller shall not incur any indebtedness for borrowed money. Seller shall pay all its obligations as they become due, consistent with past practices. Without limiting the generality of the foregoing, HDA shall contribute to Seller such amounts as are required to permit Seller to pay on a timely basis all amounts of principal and interest due under the GE Loan and the payments due under the IRS Debt.
Indebtedness and obligations. The Company shall not increase the amount of indebtedness owed to Paxsxx-00 pursuant to the Loan Documents as of the date hereof or incur any other indebtedness for borrowed money. The Company shall pay all of its obligations (including, without limitation, under the Loan Documents) as they become due so that all such obligations shall be current as of the Closing Date.
