Common use of Notice of Additional Debt Clause in Contracts

Notice of Additional Debt. Incur or permit any of the Guarantors to incur any additional Debt without Lender’s prior written consent with the exception of unsecured borrowings, purchase money loans, and capital lease obligations less than $2,000,000 in the aggregate for the Borrower and the Guarantors combined in any fiscal year; provided that, prior to any such additional Debt, Borrower shall provide evidence satisfactory to Lender, in form and substance, that no Event of Default will occur or shall be threatened as a result of the incurrence of such additional Debt. 6.6

Appears in 2 contracts

Samples: Credit Loan Agreement, Loan Agreement

AutoNDA by SimpleDocs

Notice of Additional Debt. Incur or permit any of the Guarantors to incur any additional Debt without Lender’s prior written consent with the exception of unsecured borrowings, purchase money loans, and capital lease obligations less than $2,000,000 in the aggregate for the Borrower and the Guarantors combined in any fiscal year; provided that, prior to any such additional Debt, Borrower shall provide evidence satisfactory to Lender, in form and substance, that no Event of Default will occur or shall be threatened as a result of the incurrence of such additional Debt. 6.6.

Appears in 2 contracts

Samples: Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc), Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc)

AutoNDA by SimpleDocs

Notice of Additional Debt. Incur or permit any of the Guarantors to incur any additional Debt without LenderXxxxxx’s prior written consent with the exception of unsecured borrowings, purchase money loans, and capital lease obligations less than $2,000,000 in the aggregate for the Borrower and the Guarantors combined in any fiscal year; provided that, prior to any such additional Debt, Borrower shall provide evidence satisfactory to Lender, in form and substance, that no Event of Default will occur or shall be threatened as a result of the incurrence of such additional Debt. 6.6.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.