Common use of No Other Indebtedness Clause in Contracts

No Other Indebtedness. On the Closing Date and after giving effect to the transactions contemplated hereby, it has no Indebtedness other than Indebtedness permitted under Section 7.2(a).

Appears in 4 contracts

Samples: Loan and Security Agreement (Hooper Holmes Inc), Loan and Security Agreement (Del Global Technologies Corp), Loan and Security Agreement (Del Global Technologies Corp)

AutoNDA by SimpleDocs

No Other Indebtedness. On the Closing Date and after giving effect to the transactions contemplated hereby, it such Borrower and each Designated Affiliate has no Indebtedness other than Indebtedness permitted under Section 7.2(a).

Appears in 2 contracts

Samples: Loan and Security Agreement (Grant Prideco Inc), Loan and Security Agreement (Grant Prideco Inc)

AutoNDA by SimpleDocs

No Other Indebtedness. On the Closing Date and after giving effect to the transactions contemplated hereby, it the Borrower has no Indebtedness other than Indebtedness permitted under Section 7.2(a).

Appears in 1 contract

Samples: Loan and Security Agreement (Grand Toys International LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!