Common use of Indebtedness for Borrowed Money Clause in Contracts

Indebtedness for Borrowed Money. Borrower will not incur any indebtedness for borrowed money, except to Trade Bank and except for indebtedness subordinated to the Obligations by an instrument or agreement in form acceptable to Trade Bank.

Appears in 9 contracts

Samples: Credit Agreement (Design Within Reach Inc), Credit Agreement (International Displayworks, Inc), Credit Agreement (Zumiez Inc)

AutoNDA by SimpleDocs

Indebtedness for Borrowed Money. Borrower will not incur any indebtedness for borrowed money, except (i) to Trade Bank Bank, (ii) unsecured indebtedness not to exceed $250,000 in the aggregrate at any one time and except for (iii) indebtedness subordinated to the Obligations by an instrument or agreement in form acceptable to Trade Bank.

Appears in 1 contract

Samples: Credit Agreement (Cutter & Buck Inc)

Indebtedness for Borrowed Money. Borrower will not incur any indebtedness for borrowed money, except to Trade Bank and except (a) for indebtedness subordinated to the Obligations by an instrument or agreement in form acceptable to Trade Bank, and (b) new purchase money debt.

Appears in 1 contract

Samples: Credit Agreement (Design Within Reach Inc)

AutoNDA by SimpleDocs

Indebtedness for Borrowed Money. Borrower will not incur any ------------------------------- indebtedness for borrowed money, except to Trade Bank and except for indebtedness subordinated to the Obligations by an instrument or agreement in form acceptable to Trade Bank.

Appears in 1 contract

Samples: Credit Agreement (Somera Communications Inc)

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