INDEBTEDNESS; LIABILITIES; ETC Sample Clauses
The "INDEBTEDNESS; LIABILITIES; ETC" clause defines and regulates the obligations a party has regarding debts and financial liabilities under the agreement. It typically outlines what constitutes indebtedness, such as loans, guarantees, or other financial commitments, and may set limits or require disclosure of such obligations. This clause helps ensure transparency about a party's financial obligations, thereby allowing the other party to assess risk and protect their interests in the event of default or insolvency.
INDEBTEDNESS; LIABILITIES; ETC. Other than in the ordinary course of business consistent with past practice, incur any indebtedness for borrowed money, assume, guarantee, endorse or otherwise as an accommodation become responsible or liable for the obligations of any other individual, corporation or other entity.
INDEBTEDNESS; LIABILITIES; ETC. Except as set forth ------------------------------ on Schedule 3.3, other than in the ordinary course of business consistent with past practice, incur any indebtedness for borrowed money, assume, guarantee, endorse or otherwise as an accommodation become responsible or liable for the obligations of any other individual, corporation or other entity; provided, however, the Company shall incur no indebtedness for borrowed money or engage in any of the actions described in this Section 3.3.
INDEBTEDNESS; LIABILITIES; ETC. Other than in the ordinary course of business consistent with past practice, incur any indebtedness for borrowed money, repay any indebtedness except on its due date, or assume, guarantee, endorse or otherwise as an accommodation become responsible or liable for the obligations of any other individual, corporation or other entity.
INDEBTEDNESS; LIABILITIES; ETC. Lines of Business; Operating Procedures; Etc.