Common use of Limitation on Contingent Obligations Clause in Contracts

Limitation on Contingent Obligations. Agree to, or assume, --------------------------------------- guarantee, endorse or otherwise in any way be or become responsible or liable for, directly or indirectly, any Contingent Obligation except for those created or contemplated by the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Telscape International Inc)

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Limitation on Contingent Obligations. Agree to, or assume, --------------------------------------- guarantee, endorse or otherwise in any way be or become responsible or liable for, directly or indirectly, any Contingent Obligation Obligation, except for (i) those created by or contemplated by specified in the Loan DocumentsDocuments or with respect to the Obligations of the Loan Parties, (ii) those described on Schedule 8.3 and (iii) endorsements of negotiable instruments for collection.

Appears in 1 contract

Samples: Loan and Security Agreement (Eschelon Telecom Inc)

Limitation on Contingent Obligations. Agree to, or assume, --------------------------------------- guarantee, endorse or otherwise in any way be or become responsible or liable for, directly or indirectly, any Contingent Obligation except for (i) those created or contemplated by the Loan Documents, and (ii) Contingent Obligations in respect of any Affiliate of the Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (GST Telecommunications Inc)

Limitation on Contingent Obligations. Agree to, or assume, --------------------------------------- guarantee, endorse or otherwise in any way be or become responsible or liable for, directly or indirectly, any Contingent Obligation except for those created or contemplated by the Loan Documents, and except for those that would not cause Borrower to fail to meet its financial covenants set forth in Schedule 7.15 hereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Focal Communications Corp)

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Limitation on Contingent Obligations. Agree to, or assume, --------------------------------------- guarantee, endorse or otherwise in any way be or become responsible or liable for, directly or indirectly, any Contingent Obligation Obligation, except for (i) those created by or contemplated by specified in the Loan DocumentsDocuments or with respect to the Obligations of the Borrower or any of the Restricted Subsidiaries, (ii) those described on Schedule 8.3 and (iii) endorsements of negotiable instruments for collection.

Appears in 1 contract

Samples: Loan and Security Agreement (Us Xchange LLC)

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