NO FINANCIAL INDEBTEDNESS Sample Clauses
NO FINANCIAL INDEBTEDNESS it does not have any Financial Indebtedness other than as permitted by Clause 16.17 of the Facility Agreement;
NO FINANCIAL INDEBTEDNESS except for the Permitted Financial Indebtedness or with the prior written consent of the Bank, the Borrower shall not incur or permit to exist any Financial Indebtedness;
NO FINANCIAL INDEBTEDNESS. As at the date hereof and as at each Utilisation Date no Borrower had any Financial Indebtedness other than:
(a) towards the Finance Parties under any Finance Document,
(b) as is otherwise expressly permitted under this Agreement.
NO FINANCIAL INDEBTEDNESS. The Obligors shall not, and shall make sure that no member of the Group, incur or permit to remain outstanding, any Financial Indebtedness (whether secured or unsecured) other than
(i) the Financial Indebtedness arising under the Bond Issue, (ii) Financial Indebtedness under the Existing Bond pending redemption thereof (subject to full covenant and security defeasance from the Disbursement Date); (iii) any unpaid Initial Dividend (limited to the amount deposited on the Initial Dividend Account from time to time), Intra-Group Loans or Subordinated Loans or (iv) as a result of seller's credit provided by third party suppliers in the ordinary course of business consistent with market practice.
NO FINANCIAL INDEBTEDNESS. No member of the Issuer's Group has or will at the time of an Advance have any Financial Indebtedness other than any Permitted Financial Indebtedness.
NO FINANCIAL INDEBTEDNESS. (a) The Borrower shall procure that no Collateral Owner shall, without the prior written consent of the Agent, incur any Financial Indebtedness except:
(i) under the Finance Documents to which it is a party; or
(ii) unsecured Financial Indebtedness from the Borrower or affiliates of the Borrower and provided that the Borrower procures that any Financial Indebtedness incurred by the Collateral Owners to the Borrower or affiliates of the Borrower shall be subordinated to the Indebtedness, in the case of any Financial Indebtedness incurred by the Collateral Owners to the Borrower, on the terms set out in Clause 12.3.10(d) and, in the case of any Financial Indebtedness incurred by the Collateral Owners to an affiliate of the Borrower, on terms acceptable to the Agent; or
(iii) Financial Indebtedness incurred by Genco Auvergne Limited by way of a counter-indemnity for an amount of $900,000 in favour of Skandinaviska Enskilda Xxxxxx XX (publ) in order to allow the release of m.v. "GENCO AUVERGNE" from the arrest in connection with certain claims of a charterparty dated 7 August 2012 made between Genco Auvergne Limited as owner and Hamburg Bulk Carriers GmbH & Co KG as charterer.
NO FINANCIAL INDEBTEDNESS. Save with the prior written consent of the Banks, the Borrower will not incur or have and will procure that the Group will not incur or have any Financial Indebtedness, save for Permitted Financial Indebtedness. Without limiting the generality of the aforegoing, the Borrower will not and will procure that its Subsidiaries (other than Jazz and its Subsidiaries) will not make any loans or give any guarantees or incur other contingent Indebtedness, other than as referred to (and subject to the limits set out) in clause 1.1.115(e). The Borrower will deliver to the Banks, within 60 (sixty) days of the end of each Quarter during this Agreement, a certificate from the chief financial officer of the Borrower confirming compliance by the Borrower with the provisions of this clause 16.
NO FINANCIAL INDEBTEDNESS. Neither Company nor any of its Subsidiaries has any outstanding Financial Indebtedness (other than Financial Indebtedness owed to Company or any of its Subsidiaries).
NO FINANCIAL INDEBTEDNESS. It has not incurred any Financial Indebtedness other than Permitted Financial Indebtedness.
NO FINANCIAL INDEBTEDNESS. Save with the prior written consent of the Banks, the Borrower will not incur and will procure that the Group will not incur any Financial Indebtedness, save for Permitted Financial Indebtedness. Without limiting the generality of the aforegoing, the Borrower will not and will procure that its Subsidiaries will not make any loans or give any guarantees or incur other contingent Indebtedness, other than as referred to (and subject to the limits set out) in clause 1.1.115(e). The Borrower will deliver to the Banks, within 60 (sixty) days of the end of each Quarter during this Agreement, a certificate from the chief financial officer of the Borrower confirming compliance by the Borrower with the provisions of this clause 16.