Indebtedness; Investments. (a) Except as disclosed in Schedule 3.20 attached hereto, the Company does not have any Indebtedness.
Indebtedness; Investments. As of the Closing Date, Borrower has no (a) Indebtedness other than Indebtedness permitted pursuant to Section 6.1 (Indebtedness) and (b) Investments other than the Investments permitted pursuant to Section 6.4 (Investments).
Indebtedness; Investments. The Trust Depositor will not incur any Indebtedness other than Indebtedness arising hereunder or under the other Transaction Documents. Except for its residual interest in the Trust, the Trust Depositor will not make any Investments other than Permitted Investments.
Indebtedness; Investments. Not create, incur, invest in or assume any Indebtedness or Investment Securities not in the usual and ordinary course of business; and not, without the prior written consent of First Federal, incur costs and expenses in connection with the transactions contemplated by this Agreement which materially exceed the estimate set forth in the Frankfort First Disclosure Schedule pursuant to Section 8.5 of this Agreement.
Indebtedness; Investments. Sprint shall not, and shall not permit any of its Subsidiaries to, (i) incur any indebtedness for borrowed money or guarantee any such indebtedness of another Person, issue or sell any debt securities or warrants or other rights to acquire any debt securities of Sprint or any of its Subsidiaries, guarantee any debt securities of another Person, enter into any "keep well" or other agreement to maintain any financial statement condition of another Person (other than any wholly owned Subsidiary) or enter into any arrangement having the economic effect of any of the foregoing, except for (A) short-term borrowings, senior bank or similar bank financing or, subject to prior consultation with MCI WorldCom, any other indebtedness incurred by Sprint or any of its Subsidiaries with a maturity date not to exceed five years from the date of its original issuance (provided that the consummation of this Agreement or any of the transactions contemplated hereby shall not give rise to, cause or result in, a default or event of default under the agreement or instrument governing any such indebtedness or, an obligation to pay any amount thereunder solely as a result of the consummation of this Agreement or any of the transactions contemplated hereby) incurred in the ordinary course of business consistent with past practice (or to refund existing or maturing indebtedness) and (B) intercompany indebtedness between Sprint and any of its wholly owned Subsidiaries or between such wholly owned Subsidiaries, (ii) make any loans or advances to any other Person, other than (A) employee loans or advances made by Sprint in the ordinary course of business consistent with past practice and (B) loans or advances made between Sprint and any of its wholly owned Subsidiaries or between such wholly owned Subsidiaries, or (iii) investments in any Person other than (A) investments in wholly owned Subsidiaries and (B) investments in the ordinary course of business consistent with past practice and, in any event, which are not material, individually or in the aggregate, to Sprint.
Indebtedness; Investments. As of the Effective Date and Funding Date, other than the Existing Indebtedness, neither Borrower nor any Subsidiaries has (i) any Indebtedness other than the Permitted Debt and (ii) any Investments other than the Investments permitted pursuant to Section 6.6.
Indebtedness; Investments. The Borrower (a) does not have any Investments except Permitted Investments and (b) has not incurred any Indebtedness other than Permitted Indebtedness.
Indebtedness; Investments. The Seller shall not create, incur, assume or suffer to exist any Indebtedness or other liability whatsoever, except (i) obligations incurred under this Agreement, or (ii) liabilities incident to the maintenance of its corporate existence in good standing.
Indebtedness; Investments. Not: (a) make any Investment; or (b) create, incur or assume any Indebtedness, except for Indebtedness incurred in the ordinary course of business by the ESELCO Companies as described in the Disclosure Schedule.
Indebtedness; Investments. The Company shall not, and shall cause its Subsidiaries not to, directly or indirectly, except pursuant to the Company's Refinancing Plan set forth on Schedule 4.1(e) to this Agreement, (i) incur or assume any long-term or short-term debt or issue any debt securities, except for borrowings under existing lines of credit in the ordinary and usual course of business consistent with past practice and borrowings in amounts not material to the Company and its Subsidiaries taken as a whole; (ii) pledge or otherwise encumber shares of capital stock of the Company or its Subsidiaries, or mortgage or pledge any of their material assets, tangible or intangible, except to secure existing debt and except for such of the foregoing as is not material to the Company and its Subsidiaries taken as a whole; or (iii) except in an aggregate amount not to exceed $8 million, (A) assume, guarantee, endorse or otherwise become liable or responsible (whether directly, contingently or otherwise) for the obligations of any other Person, except in the ordinary and usual course of business consistent with past practice and guarantees in amounts not material to the Company and its Subsidiaries, taken as a whole, and except for obligations of the wholly owned Subsidiaries of the Company; or (B) make any loans, advances or capital contributions to, or investments in, any other Person (other than Subsidiaries of the Company, or customary loans or advances to employees in the ordinary and usual course of business consistent with past practice and in amounts not material to the Company and its Subsidiaries taken as a whole).
