Common use of Limitations on Additional Indebtedness Clause in Contracts

Limitations on Additional Indebtedness. The Company shall not, and shall not permit any of its Subsidiaries to, incur, directly or indirectly, any Indebtedness (including Acquired Indebtedness), other than (a) the Indebtedness evidenced by the Notes, (b) Senior Indebtedness, and (c) the Series A Preferred, the Series B Preferred, the Series D Preferred, the Series E Preferred and the Series F Preferred, (d) up to $5,500,000 of purchase money Indebtedness in connection with the Feverall Acquisition, and (e) Indebtedness in an aggregate amount not in excess of $500,000 secured by Capitalized Leases or Purchase Money Liens." Capitalized terms used here but not otherwise defined herein have the meanings ascribed thereto in the Securities Purchase Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Triumph Connecticut LTD Partnership)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!