Common use of No Further Indebtedness Clause in Contracts

No Further Indebtedness. Loan Holder and 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 any Credit Parties to Loan Holder is $560,239.00, and that no further indebtedness shall be incurred between Credit Parties and Loan Holder during the term of the Loan and this Agreement.

Appears in 1 contract

Samples: Subordination of Loans Agreement (Pulse Network, Inc.)

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No Further Indebtedness. Loan Holder and 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 any Credit Parties to Loan Holder is $560,239.0079,722.00, and that no further indebtedness shall be incurred between Credit Parties and Loan Holder during the term of the Loan and this Agreement.

Appears in 1 contract

Samples: Subordination of Loans Agreement (Pulse Network, Inc.)

No Further Indebtedness. Loan Holder and 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 any Credit Parties to Loan Holder is $560,239.00344,152.00, and that no further indebtedness shall be incurred between Credit Parties and Loan Holder during the term of the Loan and this Agreement.

Appears in 1 contract

Samples: Subordination of Loans Agreement (Pulse Network, Inc.)

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No Further Indebtedness. Loan Holder and Credit Parties Borrowers do hereby warrant and represent that as of the date hereof, the only Subordinated Debt currently outstanding which is due and owing from any Credit Parties Borrowers to Loan Holder Holder, is $560,239.00100,388.89, and that no further indebtedness or financial obligations of any kind shall be incurred between Credit Parties Borrowers and Loan Holder during the term of the Loan Debentures, the SPA and this Agreement.

Appears in 1 contract

Samples: Subordination of Loans Agreement (POSITIVEID Corp)

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