Loans or credit. 22.16.1 Except as permitted under Clause 22.16.2, no Obligor shall be a creditor in respect of any Financial Indebtedness.
Appears in 3 contracts
Samples: Facilities Agreement, Facilities Agreement (MiX Telematics LTD), Facilities Agreement (PowerFleet, Inc.)
Loans or credit. 22.16.1 Except as permitted under Clause 22.16.222.16.2 below, no Obligor shall (and the Borrower shall ensure that no member of the Group will) be a creditor in respect of any Financial Indebtedness.
Appears in 2 contracts
Samples: Assignment Agreement (Enstar Group LTD), Assignment Agreement (Enstar Group LTD)
Loans or credit. 22.16.1 (a) Except as permitted under Clause 22.16.2clause 21.18(b), no Obligor shall be a creditor in respect of any Financial Indebtedness.
Appears in 1 contract
Loans or credit. 22.16.1 22.17.1 Except as permitted under Clause 22.16.222.17.2 below, no Obligor the Borrower shall not be a creditor in respect of any Financial Indebtedness.
Appears in 1 contract
Samples: And Restatement Agreement (Central European Distribution Corp)
Loans or credit. 22.16.1 (a) Except as permitted under Clause 22.16.219.18(b), no Obligor shall be a creditor in respect of any Financial Indebtedness.
Appears in 1 contract
Samples: Note Purchase Agreement
