Limit on Indebtedness. The Company and its subsidiaries shall not, directly or indirectly, create, incur, assume or be or remain liable with respect to, any indebtedness or obligation other than indebtedness (i) outstanding on the date hereof described on Schedule 5.2(a); or (ii) arising in the ordinary course of the Company’s business that are approved by the Company’s Board of Directors.
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Samples: Investor Rights Agreement (Aldagen Inc), Investor Rights Agreement (Aldagen Inc)
Limit on Indebtedness. The Company and its subsidiaries shall not, directly or indirectly, create, incur, assume or be or remain liable with respect to, any indebtedness or obligation obligations in excess of $250,000 in the aggregate, other than indebtedness borrowings (i) outstanding on the date hereof described on Schedule 5.2(a)hereof; (ii) incurred for inventory financing; or (iiiii) arising in the ordinary course of the Company’s 's business that are approved by the Company’s 's Board of Directors.
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Limit on Indebtedness. The Company and its subsidiaries shall not, directly or indirectly, create, incur, assume or be or remain liable with respect to, any indebtedness or obligation obligations in excess of $750,000 in the aggregate, other than indebtedness borrowings (i) outstanding on the date hereof described on Schedule 5.2(a)hereof, (ii) incurred for inventory financing; (iii) currently budgeted or contemplated by a subsequently approved budget; or (iiiv) arising in the ordinary course of the Company’s 's business that are approved by the Company’s 's Board of Directors.
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