Common use of Other Debts Clause in Contracts

Other Debts. Not to have outstanding or incur any direct or contingent liabilities (other than those to the Bank), or become liable for the liabilities of others, without the Bank's written consent. This does not prohibit: (a) Acquiring goods, supplies, or merchandise on normal trade credit. (b) Endorsing negotiable instruments received in the usual course of business. (c) Obtaining surety bonds in the usual course of business. (d) Liabilities and lines of credit in existence on the date of this Agreement disclosed in writing to the Bank. (e) Additional debts which do not exceed a total principal amount of One Million Dollars ($1,000,000) outstanding at any one time.

Appears in 1 contract

Samples: Business Loan Agreement (Sunrise Telecom Inc)

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Other Debts. Not to have outstanding or incur any direct or contingent liabilities debts (other than those to the Bank), or become liable for the liabilities debts of others, others without the Bank's written consent. This does not prohibit: (a) Acquiring goods, supplies, supplies or merchandise on normal trade credit. (b) Endorsing negotiable instruments received in the usual course of business. (c) Obtaining surety bonds in the usual course of business. (d) Liabilities and lines Additional debts for the acquisition of credit in existence on the date of this Agreement disclosed in writing fixed or capital assets, to the Bankextent permitted elsewhere in this Agreement. (e) Additional debts and lease obligations for business purposes which do not exceed a total principal amount of One Million and No/100 Dollars ($1,000,0001,000,000.00) outstanding at any one time.

Appears in 1 contract

Samples: Business Loan Agreement (Lec Technologies Inc)

Other Debts. Not to have outstanding or incur any direct or contingent liabilities (other than those to the Bank), or become liable for the liabilities of others, without the Bank's written consent. This does not prohibit: (a) Acquiring goods, supplies, merchandise, or merchandise services on normal trade credit. (b) Endorsing negotiable instruments received in the usual course of business. (c) Obtaining surety bonds in the usual course of business. (d) Liabilities and lines of credit in existence on the date of this Agreement disclosed in writing to the Bank. (e) Additional debts which do not exceed a total principal amount of One Million Hundred Thousand Dollars ($1,000,000100,000) outstanding at any one time.

Appears in 1 contract

Samples: Business Loan Agreement (Motorcar Parts & Accessories Inc)

Other Debts. Not to have outstanding or incur any direct or contingent liabilities debts or lease obligations (other than those to the Bank), or become liable for the liabilities debts of others, others without the Bank's written consent. This does not prohibit: (a) Acquiring goods, supplies, or merchandise on normal trade credit. (b) Endorsing negotiable instruments received in the usual course of business. (c) Obtaining surety bonds in the usual course of business. (d) Liabilities Debts and lines of credit in existence on the date of this Agreement disclosed in writing to the Bank. (e) Additional debts for business purposes which do not exceed a total principal amount of One Two Million and No/100 Dollars ($1,000,0002,000,000.00) outstanding at any one time.

Appears in 1 contract

Samples: Business Loan Agreement (Agribiotech Inc)

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Other Debts. Not to have outstanding or incur any direct or contingent liabilities debts (other than those to the BankBank and its affiliates), or become liable for the liabilities debts of others, others without the Bank's written consent. This does not prohibit: (a) Acquiring goods, supplies, or merchandise on normal trade credit. (b) Endorsing negotiable instruments received in the usual course of business. (c) Obtaining surety bonds in the usual course of business. (d) Liabilities Debts and lines of credit in existence on the date of this Agreement disclosed in writing to the Bank. (e) Additional debts for business purposes which do not exceed a total principal amount of One Million Five Hundred Thousand Dollars ($1,000,000500,000) outstanding at any one time.

Appears in 1 contract

Samples: Business Loan Agreement (United Bancorp /Or/)

Other Debts. Not to have outstanding or incur any direct or contingent liabilities (other than those to the Bank), or become liable for the liabilities of others, without the Bank's ’s written consent. This does not prohibit: (a) Acquiring goods, supplies, or merchandise on normal trade credit. (b) Endorsing negotiable instruments received in the usual course of business. (c) Obtaining surety bonds in the usual course of business. (d) Liabilities and lines of credit and leases in existence on the date of this Agreement disclosed in writing to the Bank. (e) Additional debts for equipment purchases which do not exceed a total principal amount of One Million Five Hundred Thousand Dollars ($1,000,000500,000) outstanding at any one time.

Appears in 1 contract

Samples: Business Loan Agreement (Bebe Stores Inc)

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