Common use of Limitation on Contingent Liabilities Clause in Contracts

Limitation on Contingent Liabilities. The Borrower shall not, and shall not permit any of its Subsidiaries to, assume, guarantee, endorse or otherwise become directly or contingently liable (including without limitation, liable by way of agreement, contingent or otherwise to purchase or provide funds for payment, to supply funds to or otherwise invest in any debtor or otherwise to assure any creditor against any loss) in connection with any Indebtedness of any other Person, except for: (a) liabilities to the Lender arising under any of the Financing Documents; and (b) guarantees made in the ordinary course of the business by the Borrower of obligations of any Subsidiary, which obligations are otherwise permitted under this Agreement.

Limitation on Contingent Liabilities. The Borrower shall not, and ------------------------------------ shall not permit any of its Subsidiaries to, assume, guarantee, endorse or otherwise become directly or contingently liable (including without limitation, liable by way of agreement, contingent or otherwise to purchase or provide funds for payment, to supply funds to or otherwise invest in any debtor or otherwise to assure any creditor against any loss) in connection with any Indebtedness of any other Person, except for: (a) liabilities to the Lender arising under any of the Financing Documents; and (b) guarantees made in the ordinary course of the business by the Borrower of obligations of any Subsidiary, which obligations are otherwise permitted under this Agreement.

Limitation on Contingent Liabilities. The Such Borrower shall not, and shall not permit any of its Subsidiaries to, assume, guarantee, endorse or otherwise become directly or contingently liable (including without limitation, liable by way of agreement, contingent or otherwise to purchase or provide funds for payment, to supply funds to or otherwise invest in any debtor or otherwise to assure any creditor against any loss) in connection with any Indebtedness of any other Person, except for: (a) liabilities to the Lender arising under any of the Financing Loan Documents; and (b) guarantees made in the ordinary course of the business by the such Borrower of obligations of any Subsidiary, which obligations are otherwise permitted under this Agreement.