Common use of Other Debts Clause in Contracts

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank or to any affiliate of 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, lines of credit and leases in existence on the date of this Agreement disclosed in writing to the Bank.

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank Bank) or to any affiliate of the Bank)lease obligations as a tenant, 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, lines of credit and leases in existence on the date of this Agreement disclosed in writing to the Bank. (e) Additional debts and lease obligations of Borrower for business purposes which, together with the debts permitted under subparagraph(s) (a) — (d), above, do not exceed a total principal amount of $2,000,000 outstanding at any one time.

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank or to any affiliate of 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, lines of credit and leases in existence on the date of this Agreement disclosed in writing to the Bank. (e) Additional debts and lease obligations for the acquisition of fixed assets, to the extent permitted elsewhere in this Agreement.

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank or to any affiliate of 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, lines of credit and leases in existence on the date of this Agreement disclosed in writing to the Bank. (e) Additional debts and lease obligations for the acquisition of fixed assets, to the extent permitted elsewhere in this Agreement.

Other Debts. Not to have outstanding or incur any direct or contingent liabilities debts or lease obligations (other than those to the Bank or to any affiliate of the Bank), or become liable for the liabilities debts of others, others without the Bank’s 's written consent, which will not be unreasonably withheld. 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) LiabilitiesDebts, lines of credit and leases in existence on the date of this Agreement disclosed in writing to the Bank.

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank or to any affiliate of the Bankand excluding operating leases), or become liable for the liabilities of others, without the Bank’s 's written consent, which consent shall not be unreasonably withheld. 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, lines of credit and leases Liabilities 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.