Common use of Limitation on Contingent Obligations Clause in Contracts

Limitation on Contingent Obligations. Create, incur, assume or suffer ------------------------------------ to exist any Contingent Obligation except guarantees made in the ordinary course of its business by the Borrower of obligations of any of its Subsidiaries or Affiliates, provided those obligations are otherwise permitted under this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Creditrust Corp), Credit Agreement (Creditrust Corp)

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Limitation on Contingent Obligations. Create, incur, ------------------------------------ assume or suffer ------------------------------------ to exist any Contingent Obligation Obligation, except guarantees and indemnities made in the ordinary course of its business by any Person constituting the Borrower of obligations of any Person constituting the Borrower or any of its their respective Subsidiaries or Affiliatesand except Letter of Credit Reimbursement Obligations, provided provided, in any case those obligations are not otherwise permitted prohibited under this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Guest Supply Inc)

Limitation on Contingent Obligations. Create, incur, assume or suffer ------------------------------------ to exist any Contingent Obligation except except: (a) guarantees made in the ordinary course of its business by any of the Borrower Borrowers or its Subsidiaries of obligations of any of its Subsidiaries or Affiliatestheir Subsidiaries, provided those obligations are otherwise permitted under this Agreement; (b) Contingent Obligations described on Schedule VII; (c) the Letters of Credit; and (d) the U.S. Dollar Borrowers Guarantee and any other guarantees created pursuant to the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Standard Automotive Corp)

Limitation on Contingent Obligations. Create, incur, assume or suffer ------------------------------------ to exist any Contingent Obligation except except: (a) guarantees made in the ordinary course of its business by any of the Borrower Borrowers or its Subsidiaries of obligations of any of its Subsidiaries or Affiliatestheir Subsidiaries, provided those obligations are otherwise permitted under this Agreement; (b) Contingent Obligations described on Schedule 6.9; and (c) Guarantees of the Borrowers' obligations under the Loan Documents pursuant to the Guarantees.

Appears in 1 contract

Samples: Credit Agreement (West Coast Entertainment Corp)

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Limitation on Contingent Obligations. Create, incur, ------------------------------------ assume or suffer ------------------------------------ to exist any Contingent Obligation except guarantees made in the ordinary course of its business by the any Borrower of obligations of a Borrower or any of its Subsidiaries or AffiliatesSubsidiaries, provided those obligations are not otherwise permitted prohibited under this Agreement.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Guest Supply Inc)

Limitation on Contingent Obligations. Create, incur, assume or suffer ------------------------------------ to exist any Contingent Obligation Obligation, except guarantees and indemnities made in the ordinary course of its business by the Borrower Debtor of obligations of Debtor, provided, in any of its Subsidiaries or Affiliates, provided case those obligations are not otherwise permitted prohibited under this Agreement.

Appears in 1 contract

Samples: Purchase Order Financing Agreement (Amincor, Inc.)

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