Common use of Limitation on Guarantee Obligations Clause in Contracts

Limitation on Guarantee Obligations. Borrower shall not create, incur, assume or suffer to exist any Guarantee Obligations except (a) in the ordinary course or for (i) product warranties; or (ii) return or replacement guaranties and similar assurances made by Borrower with respect to products sold to customers in the ordinary course of business and in accordance with its past practices; or (b) as do not exceed $25,000 in aggregate.

Limitation on Guarantee Obligations. Borrower The Borrowers shall not create, incur, assume or suffer to exist any Guarantee Obligations Obligation except (a) in the ordinary course or for (i) product warranties; or and (ii) return or replacement guaranties and similar assurances made by Borrower Borrowers with respect to products sold to customers in the ordinary course of business and in accordance with its the past practices; or (b) as do not exceed $25,000 in aggregatepractices of such Borrower.

Limitation on Guarantee Obligations. The Borrower shall not create, incur, assume or suffer to exist any Guarantee Obligations Obligation except (a) in the ordinary course or for (i) product warranties; or and (ii) return or replacement guaranties and similar assurances made by Borrower with respect to products sold to customers in the ordinary course of business and in accordance with its the past practices; or (b) as do not exceed $25,000 in aggregatepractices of such Borrower.

Limitation on Guarantee Obligations. Borrower shall not create, incur, assume or suffer to exist any Guarantee Obligations Obligation except (a) in the ordinary course or for for: (i) product warranties; or and (ii) return or replacement guaranties and similar assurances made by Borrower with respect to products sold to customers in the ordinary course of business and in accordance with its the past practices; or (b) as do not exceed $25,000 in aggregatepractices of such Borrower.

Limitation on Guarantee Obligations. Borrower shall not create, incur, assume or suffer to exist any Guarantee Obligations Obligation except (a) in the ordinary course or for (i) product warranties; or (ii) return or replacement guaranties and similar assurances made by Borrower with respect to products sold to customers in the ordinary course of business and in accordance with its the past practicespractices of Borrower; or and (biii) as do not exceed $25,000 endorsements of checks for deposit in aggregatethe normal course of business.