Common use of No Additional Liability Clause in Contracts

No Additional Liability. Neither the Borrower nor any of its Material Subsidiaries has any material obligation, contingent liability or liability for taxes, long-term leases or unusual forward or long-term commitment which is not reflected in the Financial Statements referred to in Section 4.3(a) (Accuracy of Financial Statements) or in the notes thereto or otherwise permitted by this Agreement.

Appears in 2 contracts

Samples: Security Agreement (National Steel Corp), Subordinated Credit Agreement (National Steel Corp)

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No Additional Liability. Neither the Borrower nor any of its Material Subsidiaries has any material obligation, contingent liability or liability for taxes, long-term leases or unusual forward or long-term commitment which that is not reflected in the Financial Statements referred to in Section 4.3(a) (Accuracy of Financial Statements) or in the Financial Statements delivered pursuant to clauses (a), (b) or (c) of Section 6.1 (Financial Statements and Information) or in the notes thereto or otherwise permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (National Steel Corp)

No Additional Liability. Neither the Borrower nor any of its Material Subsidiaries has any material obligation, contingent liability or liability for taxes, long-term leases or unusual forward or long-term commitment which that is not reflected in the Financial Statements referred to in Section 4.3(a) (Accuracy of Financial Statements) or in the notes thereto or otherwise permitted by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (National Steel Corp)

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No Additional Liability. Neither the Borrower nor any of its Material Subsidiaries has any material obligation, contingent liability or liability for taxes, long-term leases or unusual forward or long-term commitment which that is not reflected in the Financial Statements referred to in Section 4.3(a) (Accuracy of Financial Statements) or in the notes thereto or otherwise permitted by this Agreement.

Appears in 1 contract

Samples: Pledge and Security Agreement (National Steel Corp)

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