Member Indebtedness Sample Clauses
Member Indebtedness. Each Seller agrees to pay or cause to be paid any and all advances and indebtedness (including interest thereon) owed by such Seller and any Affiliate of such Seller to Central Telcom or Central Utah Telephone or its subsidiaries on or prior to the Closing Time.
Member Indebtedness. Neither the initial Servicer nor any Subsidiary thereof (other than the Borrower, which shall be bound by, inter alia, Section 9.1(a) (Borrower Assets) above and Section 9.6(g) (Other Indebtedness) below) shall create, incur, assume or suffer to exist any Lien on or over property, assets or revenues, whether now owned or hereafter acquired, of the initial Servicer or any such Subsidiary consisting of loans covered by the MRP+ Program, or incur any Indebtedness that is secured or otherwise backed (directly or indirectly) by any such loans, unless, in each case, the initial Servicer shall have first (x) obtained the prior written consent of the Agent (such consent not to be unreasonably withheld) and (y) entered into an intercreditor agreement with the Agent in form and substance reasonably satisfactory to the Agent and the initial Servicer.