Limitation on Debt and Liens. During the period beginning on the Execution Date and ending on the Termination Date, the Company shall refrain, and shall ensure that each Company Subsidiary refrains, from (A) incurring any Debt other than Permitted Debt, and (B) granting, establishing or maintaining any Lien on any of its Property other than Permitted Liens.
Appears in 2 contracts
Samples: Note Purchase Agreement (Manaris Corp), Securities Purchase Agreement (Innuity, Inc. /Ut/)
Limitation on Debt and Liens. During the period beginning on the Execution Date and ending on the Termination Date, the Company shall refrain, and shall ensure that each Subsidiary of the Company Subsidiary refrains, from (A) incurring any Debt other than Permitted Debt, and (B) granting, establishing or maintaining any Lien on any of its Property other than Permitted Liens.
Appears in 1 contract
Samples: Securities Purchase Agreement (Zap)
Limitation on Debt and Liens. During the period beginning on the Execution Effective Date and ending on the Termination Date, the Company shall refrain, and shall ensure that each Company Subsidiary of its Subsidiaries refrains, (a) from (A) incurring any Debt other than Permitted Debt, and (Bb) from granting, establishing or maintaining any Lien on any of its Property Property, other than Permitted Liens.
Appears in 1 contract
Samples: Forbearance and Amendment Agreement (Earth Biofuels Inc)
