Common use of Indebtedness for Money Borrowed Clause in Contracts

Indebtedness for Money Borrowed. Create, assume, or otherwise become or remain obligated in respect of, or permit or suffer to exist or to be created, assumed or -95- 103 incurred or to be outstanding any Indebtedness for Money Borrowed, except that this Section 11.2 shall not apply to:

Appears in 1 contract

Samples: Loan and Security Agreement (American Aircarriers Support Inc)

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Indebtedness for Money Borrowed. Create, assume, or otherwise become or remain obligated in respect of, or permit or suffer to exist or to be created, assumed or -95- 103 incurred or to be outstanding any Indebtedness for Money Borrowed, except that this Section 11.2 SECTION 10.2 shall not apply to:

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Synthetic Industries Inc)

Indebtedness for Money Borrowed. Create, assume, or otherwise become or remain obligated in respect of, or permit or suffer to exist or to be created, assumed or -95- 103 incurred or to be outstanding any Indebtedness for Money Borrowed, except that this Section 11.2 12.2 shall not apply to:

Appears in 1 contract

Samples: Loan and Security Agreement (Standard Commercial Corp)

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Indebtedness for Money Borrowed. Create, assume, or otherwise become or remain obligated in respect of, or permit or suffer to exist or to be created, assumed or -95- 103 incurred or to be outstanding any Indebtedness for Money Borrowed, except that this Section 11.2 shall not apply to:apply

Appears in 1 contract

Samples: Safety Components International Inc

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