Common use of Limitations on Guaranty Obligations Clause in Contracts

Limitations on Guaranty Obligations. Create, incur, assume or permit to exist any Guaranty Obligations except for (a) the endorsement of negotiable or nonnegotiable instruments for collection in the ordinary course of business, and (b) Guaranty Obligations in favor of a Lender; and (c) Guaranty Obligations described on Schedule 6.3 existing on the date of this Agreement, provided that the principal amount thereof shall not be increased.

Appears in 3 contracts

Samples: Credit Agreement (Ladish Co Inc), Credit Agreement (Ladish Co Inc), Credit Agreement (Ladish Co Inc)

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Limitations on Guaranty Obligations. Create, incur, assume or permit suffer to exist any Guaranty Obligations except for (aGuaranty Obligations disclosed on Schedule 5.1(t) as the endorsement of negotiable or nonnegotiable instruments for collection in the ordinary course of business, same may have been supplemented and (b) Guaranty Obligations in favor of a Lender; the Administrative Agent for the benefit of the Administrative Agent and (c) Guaranty Obligations described on Schedule 6.3 existing on the date of this Agreement, provided that the principal amount thereof shall not be increasedLenders.

Appears in 1 contract

Samples: Credit Agreement (United States Lime & Minerals Inc)

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Limitations on Guaranty Obligations. Create, incur, assume or permit suffer to exist any Guaranty Obligations except for except: (a) the endorsement of negotiable or nonnegotiable instruments for collection in the ordinary course of business, and (b) Guaranty Obligations in favor of a Lender; the Administrative Agent for the benefit of the Administrative Agent and the Lenders; (cb) Guaranty Obligations described on Schedule 6.3 existing on the date Closing Date and not otherwise permitted under this Section 10.2, as set forth on Schedule 6.1(t) (or specifically permitted to be excluded from Schedule 6.1(t)) and the renewal and refinancing (but not the increase of this Agreement, provided that the aggregate principal amount thereof shall not be increased.thereof) thereof; and

Appears in 1 contract

Samples: Credit Agreement (Mindspring Enterprises Inc)

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