Common use of No Further Indebtedness Clause in Contracts

No Further Indebtedness. Loan Holder and Borrowers do hereby warrant and represent that as of the date hereof, the only Subordinated Debt currently outstanding which is due and owing from Borrowers to Loan Holder, is $100,388.89, and that no further indebtedness or financial obligations of any kind shall be incurred between Borrowers and Loan Holder during the term of the Debentures, the SPA and this Agreement.

Appears in 1 contract

Samples: Subordination Agreement (POSITIVEID Corp)

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No Further Indebtedness. Loan Holder and Borrowers Credit Parties do hereby warrant and represent that as of the date hereof, the only Subordinated Debt currently outstanding which is due and owing from Borrowers any Credit Parties to Loan Holder, Holder is $100,388.89560,239.00, and that no further indebtedness or financial obligations of any kind shall be incurred between Borrowers Credit Parties and Loan Holder during the term of the Debentures, the SPA Loan and this Agreement.

Appears in 1 contract

Samples: Subordination Agreement (Pulse Network, Inc.)

No Further Indebtedness. Loan Holder and Borrowers Credit Parties do hereby warrant and represent that as of the date hereof, the only Subordinated Debt currently outstanding which is due and owing from Borrowers any Credit Parties to Loan Holder, Holder is $100,388.8979,722.00, and that no further indebtedness or financial obligations of any kind shall be incurred between Borrowers Credit Parties and Loan Holder during the term of the Debentures, the SPA Loan and this Agreement.

Appears in 1 contract

Samples: Subordination Agreement (Pulse Network, Inc.)

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No Further Indebtedness. Loan Holder and Borrowers Credit Parties do hereby warrant and represent that as of the date hereof, the only Subordinated Debt currently outstanding which is due and owing from Borrowers any Credit Parties to Loan Holder, Holder is $100,388.89344,152.00, and that no further indebtedness or financial obligations of any kind shall be incurred between Borrowers Credit Parties and Loan Holder during the term of the Debentures, the SPA Loan and this Agreement.

Appears in 1 contract

Samples: Subordination Agreement (Pulse Network, Inc.)

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