Common use of Limitation on Contingent Liabilities Clause in Contracts

Limitation on Contingent Liabilities. Become liable as guarantor, surety, endorser or otherwise for, or agree to purchase, repurchase or assume, any obligation of any person, firm or corporation, except for endorsement of commercial paper for deposit, collection, or discount in the ordinary course of business.

Appears in 4 contracts

Samples: Loan Agreement (Physicians Care for Connecticut Inc), Loan Agreement (Vermont Pure Holdings LTD/De), Loan and Security Agreement (Vermont Pure Holdings LTD/De)

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Limitation on Contingent Liabilities. Become liable as guarantor, surety, endorser or otherwise for, or agree to purchase, repurchase or assume, any obligation of any person, firm or corporation, except for endorsement of commercial paper and negotiable instruments for deposit, collection, or discount in the ordinary course of business.

Appears in 1 contract

Samples: Loan and Security Agreement (Vermont Pure Holdings LTD/De)

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