Limitation on Other Indebtedness. Except for the items listed on Exhibit B under "Other Obligations," Borrowers will not create, incur, assume, become or be liable in any manner in respect of, or suffer to exist, any indebtedness whether evidenced by a note, bond, debenture, agreement, letter of credit or similar or other obligation, or accept any deposits or advances of any kind, except: (i) trade payables and current indebtedness (other than for borrowed money) incurred in, and deposits and advances accepted in, the ordinary course of business; (ii) indebtedness other than to the Bank hereunder; (iii) contingent liabilities arising from the operations of Borrowers in the ordinary course of business such as plugging liabilities and similar operational matters customary for operators in the oil and gas industry; and (iv) the Indebtedness.
Limitation on Other Indebtedness. The Company shall not, directly or indirectly, incur any indebtedness for borrowed money of the Company that does not constitute Senior Indebtedness, unless such indebtedness is either:
(i) pari passu in right of payment with the Notes, or
(ii) expressly subordinated in right of payment to the Notes.
Limitation on Other Indebtedness. During any fiscal year thereof the -------------------------------- Company will not create, incur, assume, become or be liable in any manner in respect of, or suffer to exist, any indebtedness whether evidenced by a note, bond, debenture, letter of credit, lease financing or similar or other obligation in the aggregate in excess of $500,000 or accept any deposits or advances of any kind, except (i) trade payables and current indebtedness (other than for borrowed money) incurred in, and deposits and advances accepted in, the ordinary course of business and (ii) Indebtedness created pursuant to this Agreement.
Limitation on Other Indebtedness. Except for the items listed on Exhibit C under "Other Obligations," Borrowers will not create, incur, assume, become or be liable in any manner in respect of, or suffer to exist, any indebtedness whether evidenced by a note, bond, debenture, agreement, letter of credit or similar or other obligation, or accept any deposits or advances of any kind, except: (i) trade payables and current indebtedness (other than for borrowed money) incurred in, and deposits and advances accepted in, the ordinary course of business; (ii) indebtedness other than to the Agent hereunder; (iii) contingent liabilities arising from the operations of Borrowers in the ordinary course of business such as plugging liabilities and similar operational matters customary for operators in the oil and gas industry; and (iv) the Indebtedness, and (v) aggregate indebtedness limited to $250,000. All debt other than the Indebtedness shall be subordinated to the Indebtedness through subordination agreements in form, scope and substance acceptable to the Agent.
Limitation on Other Indebtedness. Neither the Borrowers nor their subsidiaries will create, incur, assume, become or be liable in any manner in respect of, or suffer to exist, any indebtedness whether evidenced by a note, bond, debenture, agreement, letter of credit or similar or other obligation, or accept any deposits or advances of any kind, in excess of $7,500,000 in the aggregate at any time, including the existing item(s) of indebtedness more particularly described on Schedule I annexed hereto, except (i) plugging bonds, surface damage bonds, bonds with respect to self insured workers compensation insurance or bonds, undertakings or contracts and obligations for trade payables and current indebtedness (other than for borrowed money) incurred in, and deposits and advances accepted in, the ordinary course of business and which are not past due or delinquent; (ii) usual and customary insurance premiums financed in the normal course of business; and (iii) the Indebtedness.
Limitation on Other Indebtedness. The Borrowers will not create, incur, assume, become or be liable in any manner in respect of, or suffer to exist, any indebtedness whether evidenced by a note, bond, debenture, agreement, letter of credit or similar or other obligation, or accept any deposits or advances of any kind, in excess of $250,000.00 in the aggregate during any fiscal year of Borrowers except (i) trade payables and current indebtedness (other than for borrowed money) incurred in, and deposits and advances accepted in, the ordinary course of Borrowers' existing business; (ii) the Indebtedness or (iii) the existing indebtedness more particularly described on Exhibit D hereto, the Administrative Agent's review and approval of which is noted thereon.
Limitation on Other Indebtedness. The Company and its subsidiaries shall not incur other indebtedness in excess of $5 million in the aggregate. The Company and its subsidiaries shall not incur subordinated debt in excess of $50 million in the aggregate (subject to satisfactory inter-creditor documentation).
Limitation on Other Indebtedness. The Borrowers will not create, incur, assume, become or be liable in any manner in respect of, or suffer to exist, any indebtedness whether evidenced by a note, bond, debenture, agreement, letter of credit or similar or other obligation, or accept any deposits or advances of any kind, except (i) trade payables and current indebtedness (other than for borrowed money) incurred in, and deposits and advances accepted in, the ordinary course of business; (ii) indebtedness incurred for the acquisition of assets secured by purchase money security interests not exceeding $300,000 in the aggregate during any fiscal year of the Borrower and (iii) the Indebtedness.
Limitation on Other Indebtedness. The Borrowers will not create, incur, assume, become or be liable in any manner in respect of, or suffer to exist, any indebtedness whether evidenced by a note, bond, debenture, agreement, letter of credit or similar or other obligation, or accept any deposits or advances of any kind, except (i) trade payables and current indebtedness (other than for borrowed money) incurred in, and deposits and advances accepted in, the ordinary course of business; (ii) indebtedness incurred for the acquisition of assets secured by purchase money security interests not exceeding $500,000 in the aggregate during any fiscal year of the Borrowers with a cumulative aggregate amount not in excess of $750,000 at any time outstanding; (iii) the Bank Obligations; and (iv) such other Indebtedness as defined and permitted in Paragraph 6(C)(2) of the respective Note Purchase Agreements.
Limitation on Other Indebtedness. The Borrower will not create, incur, assume, become or be liable in any manner in respect of, or suffer to exist, any indebtedness, whether evidenced by a note, bond, debenture, agreement, letter of credit or similar or other obligation, or accept any deposits or advances of any kind, except (i) trade payables and current indebtedness (other than for borrowed money) incurred in, and deposits and advances accepted in, the ordinary course of business, provided that such indebtedness shall be promptly paid and discharged when due or in conformity with customary trade terms; (ii) indebtedness arising under the Shareholders rights Agreement described in Section 5.26 below; and (iii) the Indebtedness.
