Common use of Limitations on Guaranty Obligations Clause in Contracts

Limitations on Guaranty Obligations. Create, incur, assume or suffer to exist any Guaranty Obligations except: (a) Guaranty Obligations in favor of the Administrative Agent for the benefit of the Administrative Agent and the Lenders;

Appears in 4 contracts

Samples: Credit Agreement (Performance Food Group Co), Credit Agreement (Performance Food Group Co), Credit Agreement (Performance Food Group Co)

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Limitations on Guaranty Obligations. Create, incur, assume or suffer to exist any Guaranty Obligations except: except (a) Guaranty Obligations in favor of the Administrative Agent for the benefit of the Administrative Agent and the Lenders;, and (b) Debt consisting of Guaranty Obligations guaranteeing Debt of another Borrower that is otherwise expressly permitted by Section 10.1.

Appears in 2 contracts

Samples: Credit Agreement (Tessco Technologies Inc), Credit Agreement (Tessco Technologies Inc)

Limitations on Guaranty Obligations. Create, incur, assume or suffer to exist any Guaranty Obligations except: (a) except Guaranty Obligations in favor of the Administrative Agent for the benefit of the Administrative Agent and the Lenders;.

Appears in 2 contracts

Samples: Credit Agreement (Imagemax Inc), Credit Agreement (Imagemax Inc)

Limitations on Guaranty Obligations. Create, incur, assume or suffer to exist any Guaranty Obligations except: (a) Guaranty Obligations in favor of the Administrative Agent Agent, for the benefit of the Administrative Agent itself and the Lenders;; and (b) Guaranty Obligations incurred in the ordinary course of business in an aggregate amount not to exceed $500,000 at any date of determination.

Appears in 1 contract

Samples: Credit Agreement (Dollar Express Inc)

Limitations on Guaranty Obligations. Create, incur, assume or suffer to exist any Guaranty Obligations Obligations, except: (a) Guaranty Obligations in favor of the Administrative Agent for the benefit of the Administrative Agent and the Lenders; (b) Guaranty Obligations permitted under Section 9.1(k);

Appears in 1 contract

Samples: Working Capital Credit Agreement (JLG Industries Inc)

Limitations on Guaranty Obligations. Create, incur, assume or suffer to exist any Guaranty Obligations Obligations, except: (a) a. Guaranty Obligations in favor of the Administrative Agent for the benefit of the Administrative Agent and the Lenders; b. Guaranty Obligations permitted under Section 10.1(j);

Appears in 1 contract

Samples: Credit Agreement (JLG Industries Inc)

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Limitations on Guaranty Obligations. Create, incur, assume ----------------------------------- or suffer to exist any Guaranty Obligations except: (a) except Guaranty Obligations in favor of the Administrative Agent for the benefit of the Administrative Agent and the Lenders;.

Appears in 1 contract

Samples: Credit Agreement (Wilmar Industries Inc)

Limitations on Guaranty Obligations. Create, incur, assume or suffer to exist any Guaranty Obligations except: (a) except Guaranty Obligations in favor of the Administrative Agent for the benefit of the Administrative Agent and the Lenders;.

Appears in 1 contract

Samples: Credit Agreement (Vermont Pure Holdings LTD)

Limitations on Guaranty Obligations. Create, incur, assume ----------------------------------- or suffer to exist any Guaranty Obligations except: (a) Guaranty Obligations in favor of the Administrative Agent for the benefit of the Administrative Agent and the Lenders; (b) Guaranty Obligations in an amount not to exceed $500,000 to secure payment or performance of customer service contracts incurred in the ordinary course of business; and (c) Guaranty Obligations of the Company with respect to the Debt of any Subsidiary Borrower permitted by Section 10.1.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

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