Common use of Indebtedness for Borrowed Money Clause in Contracts

Indebtedness for Borrowed Money. The Company shall not, nor shall it permit any Subsidiary to, issue, incur, assume, create or have outstanding any Indebtedness for Borrowed Money; provided, however, that the foregoing shall not restrict nor operate to prevent: (a) the Obligations of the Company owing to the Lender hereunder and under the other Loan Documents and any other indebtedness or obligations of the Company or any Subsidiary owing to the Lender;

Appears in 3 contracts

Samples: Credit Agreement (Maf Bancorp Inc), Credit Agreement (Maf Bancorp Inc), Credit Agreement (Maf Bancorp Inc)

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Indebtedness for Borrowed Money. The Company shall will not, nor shall will it permit any Subsidiary to, issue, incur, assume, create or have outstanding any Indebtedness for Borrowed Money; provided, however, that the foregoing provisions shall not restrict nor operate to prevent: : (a) the Obligations indebtedness of the Company owing on the Notes and other Obligations; (b) Capitalized Lease Obligations in an aggregate amount not to the Lender hereunder and under the other Loan Documents and exceed $1,500,000 at any other indebtedness or obligations of the Company or any Subsidiary owing to the Lender;one time outstanding; (

Appears in 2 contracts

Samples: Long Term Multicurrency Credit Agreement (Anicom Inc), Short Term Credit Agreement (Anicom Inc)

Indebtedness for Borrowed Money. The Company Borrower shall not, nor shall it permit any Subsidiary to, issue, incur, assume, create or have outstanding any Indebtedness for Borrowed Money; provided, however, that the foregoing shall not restrict nor operate to prevent: (a) the Obligations of the Company Borrower owing to the Lender Administrative Agent and the Lenders hereunder and under the other Loan Documents and any other indebtedness or obligations of the Company or any Subsidiary owing to the LenderDocuments;

Appears in 1 contract

Samples: Credit Agreement (Maf Bancorp Inc)

Indebtedness for Borrowed Money. The Company shall not, nor shall it permit any Subsidiary to, issue, incur, assume, create or have outstanding any Indebtedness for Borrowed Money; provided, however, that the foregoing shall not restrict nor operate to prevent: : (a) the Obligations of the Company owing to the Lender hereunder Bank and under the other Loan Documents and any other indebtedness or and obligations of the Company or any Subsidiary from time to time owing to the LenderBank;

Appears in 1 contract

Samples: Credit Agreement (Oil-Dri Corp of America)

Indebtedness for Borrowed Money. The Company shall not, nor shall it permit any Subsidiary of its Subsidiaries to, issue, incur, assume, create or have outstanding any Indebtedness for Borrowed Money; provided, however, that the foregoing shall not restrict nor operate to prevent: : (a) the Obligations of the Company owing to the Lender hereunder Agent and under the other Loan Documents and any other indebtedness or obligations of the Company or any Subsidiary owing to the LenderLenders hereunder;

Appears in 1 contract

Samples: Credit Agreement (Everest One Ipa Inc)

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Indebtedness for Borrowed Money. The Company shall will not, nor shall will it permit any Subsidiary to, issue, incur, assume, create or have outstanding any Indebtedness for Borrowed Money; provided, however, that the foregoing provisions shall not restrict nor operate to prevent: : (a) the Obligations indebtedness of the Company owing on the Notes and other Obligations; (b) Capitalized Lease Obligations in an aggregate amount not to the Lender hereunder and under the other Loan Documents and exceed $1,500,000 at any other indebtedness or obligations of the Company or any Subsidiary owing to the Lender;one time outstanding; (c)

Appears in 1 contract

Samples: Short Term Credit Agreement (Anicom Inc)

Indebtedness for Borrowed Money. The Company shall not, nor shall it permit any Subsidiary to, issue, incur, assume, create or have outstanding any Indebtedness for Borrowed Money; provided, however, that the foregoing shall not restrict nor operate to prevent: (a) the Obligations of the Company owing to the Lender hereunder Bank and under the other Loan Documents and any other indebtedness or and obligations of the Company or any Subsidiary from time to time owing to the LenderBank;

Appears in 1 contract

Samples: Credit Agreement (Midwest Banc Holdings Inc)

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