Common use of Limitation on Guaranties Clause in Contracts

Limitation on Guaranties. The Borrower shall not, and shall not permit any of its Subsidiaries to, at any time Guaranty, assume, be obligated with respect to, or permit to be outstanding any Guaranty of, any obligation of any other Person other than: (a) a guaranty by endorsement of negotiable instruments for collection in the ordinary course of business; (b) as may be contained in any Loan Document; or (c)

Appears in 2 contracts

Samples: Loan Agreement (Gray Communications Systems Inc /Ga/), Loan Agreement (Gray Television Inc)

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Limitation on Guaranties. The Borrower shall not, and shall not permit any cause each of its Subsidiaries not to, at any time Guarantyguarantee, assume, be obligated with respect to, or permit to be outstanding any Guaranty of, any obligation of any other Person (including, without limitation, any Subsidiary) other than: than (a) a guaranty by endorsement of negotiable instruments for collection in the ordinary course of business; , or (b) as may be contained in any Loan Document; or (c)Document including, without limitation, the Parent Guaranty and the Subsidiary Guaranty.

Appears in 1 contract

Samples: Loan Agreement (State Communications Inc)

Limitation on Guaranties. The Borrower shall not, and shall not permit any of its Subsidiaries to, at any time Guaranty, assume, be obligated with respect to, or permit to be outstanding any Guaranty of, any obligation of any other Person other than: than (a) a guaranty by endorsement of negotiable instruments for collection in the ordinary course of business; , or (b) Guaranties constituting Indebtedness permitted pursuant to Section 7.1 hereof, or (c) as may be contained in any Loan Document; or (c)Document including, without limitation, the Parent Guaranty and any Subsidiary Guaranty.

Appears in 1 contract

Samples: Loan Agreement (Advanced Communications Group Inc/De/)

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Limitation on Guaranties. The Parent and the Borrower shall not, and shall not permit any of its the Borrower's Subsidiaries to, at any time Guaranty, assume, be obligated with respect to, or permit to be outstanding any Guaranty of, any obligation of any other Person other than: (a) a guaranty by endorsement of negotiable instruments for collection in the ordinary course of business; (b) as may be contained in any Loan Document; or (c)

Appears in 1 contract

Samples: Loan Agreement (Tritel Finance Inc)

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