Indebtedness; Bank Accounts. (a) Create, incur, assume or suffer to exist any Indebtedness, except Indebtedness created or permitted under the Loan Documents including expenses payable in the ordinary course of business, obligations under its Organization Documents or pursuant to customary indemnification, expense reimbursement and similar provisions under the Collateral Asset Documents related to the Collateral Assets; or (b) open or establish any bank accounts except as contemplated by the Loan Documents.
Indebtedness; Bank Accounts. Inspire has no outstanding Indebtedness. Other than those bank accounts that are part of a pool of bank accounts under a Merck (or Affiliate) pool header, Inspire has no separate bank accounts maintained by or for the benefit of Inspire at any bank or other financial institution.
Indebtedness; Bank Accounts. Schedule 4.17-1 sets forth a list, with a description of the most significant terms, of all obligations of the Company for borrowed money or obligations of the Company which are evidenced by bonds, debentures, notes or similar instruments or letters of credit; all obligations of the Company under any conditional sales or title retention agreements relating to property purchased by the Company; all obligations of the Company issued or assumed as the deferred purchase price of property or services (other than accounts payable to suppliers incurred in the ordinary course of business); all obligations of the Company which are required to be accounted for as a capital lease pursuant to accounting principles derived from Brazilian corporate law and applicable accounting standards; all obligations of any third party secured by any lien or encumbrance on any assets of the Company and all obligations of the Company guaranteeing or having the economic effect of guaranteeing any obligation of any third party. Copies of all documents evidencing such obligations (or written description thereof if such obligations are not in writing) have been delivered to Buyer, during the Due Diligence. Schedule 4.17-2 sets forth the name, address and account number of each bank or other financial institution at which the Company maintains an account, safety deposit box, deposit agreement or loan or borrowing agreements or arrangements, together with the names of all Persons who are authorized to use them and to make withdrawals, loans, borrowing or overdraft agreements.
Indebtedness; Bank Accounts. (a) As of the Closing Date, Newco shall be free of any and all Indebtedness.
Indebtedness; Bank Accounts. Create, incur, assume or suffer to exist any Indebtedness, except Indebtedness under the Loan Documents, or open or establish any bank accounts except as contemplated by the Collateral Administration Agreement. 57
