Common use of Limitation on Debt Clause in Contracts

Limitation on Debt. Borrower shall not, nor allow any Subsidiary to, create, incur, assume, become liable in any manner in respect of, or suffer to exist, any debt for borrowed money except:

Appears in 14 contracts

Samples: Loan Agreement (Guaranty Bancshares Inc /Tx/), Loan Agreement (First Financial Bankshares Inc), Loan Agreement (Guaranty Bancshares Inc /Tx/)

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Limitation on Debt. The Borrower shall not, nor allow and shall not permit any Subsidiary of the Borrower to, create, incur, assume, become liable in any manner in respect of, create or suffer to existexist any Debt, any debt for borrowed money exceptexcept for:

Appears in 7 contracts

Samples: Credit and Reimbursement Agreement (Aes Corp), Credit and Reimbursement Agreement (Aes Corp), Reimbursement Agreement (Aes Corp)

Limitation on Debt. The Borrower shall not, nor allow any Subsidiary to, createnot have, incur, assume, assume or otherwise become liable in any manner in respect offor, or suffer permit any Subsidiary to existhave, incur, assume or otherwise become liable for, any debt for borrowed money except:Debt other than Permitted Debt.

Appears in 6 contracts

Samples: Credit Agreement (Greenfire Resources Ltd.), Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Hammerhead Energy Inc.)

Limitation on Debt. Borrower shall not, nor allow and shall not permit any Subsidiary to, create, incur, assume, become or be liable in any manner in respect of, or suffer to exist, any debt for borrowed money except:Debt except Permitted Debt.

Appears in 4 contracts

Samples: Pledge and Security Agreement (Hallmark Financial Services Inc), Credit Agreement (Gainsco Inc), Credit Agreement (Hallmark Financial Services Inc)

Limitation on Debt. The Borrower shall not, nor allow and shall not permit any Material Subsidiary to, create, incur, assumecreate or permit to exist any Debt, become liable in any manner in respect of, or suffer to exist, any debt for borrowed money except:other than Permitted Debt.

Appears in 3 contracts

Samples: Credit Agreement (Bellatrix Exploration Ltd.), Credit Agreement (Bellatrix Exploration Ltd.), Credit Agreement (Bellatrix Exploration Ltd.)

Limitation on Debt. (a) The Borrower shall not, nor allow will not permit any Subsidiary to, to create, incur, assume, become liable in any manner in respect of, assume or suffer to existexist any Debt, any debt for borrowed money except:

Appears in 2 contracts

Samples: Credit Agreement (Burlington Northern Santa Fe Corp), Credit Agreement (Burlington Northern Santa Fe Corp)

Limitation on Debt. Borrower shall not, nor allow any ------------------ Subsidiary to, create, incur, assume, become liable in any manner in respect of, or suffer to exist, any debt for borrowed money except:

Appears in 2 contracts

Samples: Loan Agreement (Summit Bancshares Inc /Tx/), Loan Agreement (Summit Bancshares Inc /Tx/)

Limitation on Debt. Borrower shall will not, nor allow and will not permit any Subsidiary to, createincur or be obligated on any Debt, incureither directly or indirectly, assumeby way of Guarantee, become liable in any manner in respect ofsuretyship or otherwise, or suffer to exist, any debt for borrowed money exceptother than:

Appears in 2 contracts

Samples: Credit Agreement (Shoe Carnival Inc), Credit Agreement (Shoe Carnival Inc)

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Limitation on Debt. The Borrower shall notnot have or incur, nor allow or permit any Subsidiary to, create, to have or incur, assume, become liable in any manner in respect of, or suffer to exist, any debt for borrowed money except:Debt other than Permitted Debt.

Appears in 2 contracts

Samples: Credit Agreement (Pacific Energy Partners Lp), Credit Agreement (Trident Resources Corp)

Limitation on Debt. Borrower shall not, nor allow and shall not permit any Subsidiary of its Subsidiaries to, create, incur, assume, become or be liable in any manner in respect of, or suffer to exist, any debt for borrowed money except:Debt except Permitted Debt.

Appears in 1 contract

Samples: Credit Agreement (Affirmative Insurance Holdings Inc)

Limitation on Debt. Borrower shall notnot create, nor incur, assume, become liable in any manner in respect of, or suffer to exist, any debt for borrowed money except debt created under this Agreement. Borrower shall not allow any Subsidiary to, create, incur, assume, become liable in any manner in respect of, or suffer to exist, any debt for borrowed money except:

Appears in 1 contract

Samples: Loan Agreement (CBTX, Inc.)

Limitation on Debt. Borrower shall not, nor allow any Subsidiary ------------------ to, create, incur, assume, become liable in any manner in respect of, or suffer to exist, any debt for borrowed money except:

Appears in 1 contract

Samples: Loan Agreement (Summit Bancshares Inc /Tx/)

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