Outside Indebtedness. Other than in the ordinary course of business and consistent with past practices, create, incur, assume or permit to exist any indebtedness for borrowed moneys, other than loans from the Bank, except obligations now existing as shown in the financial statement dated March 31, 1998, excluding those obligations being refinanced by Bank.
Outside Indebtedness. Not create, incur, assume or permit to exist any indebtedness for borrowed money other than loans from the Bank except obligations now existing as shown on the credit application or the personal financial statement or data submitted with such application pursuant to Section V.A. herein; or sell or transfer, either with or without recourse, any accounts or notes receivable or any money due or to become due.
Outside Indebtedness. Except for purchase money indebtedness, create, incur, assume or permit to exist any indebtedness for borrowed moneys other than loans from you except obligations now existing as shown in financial statement dated July 1999 and extensions and modifications (but not increases) thereof, excluding those being refinanced by your bank; or sell or transfer, either with or without recourse, any accounts or notes receivable or any moneys due to become due.
Outside Indebtedness. Create, incur, or assume any indebtedness for borrowed moneys other than loans from Bank; or sell or transfer, either with or without recourse, any accounts or notes receivable or any moneys due; provided, however, that Borrower may finance accounts and inventory of foreign subsidiaries so long as said accounts and inventory are not considered “eligible” accounts or “eligible” inventory for purposes of calculation of the Borrowing Base, and the borrowing structure has been previously approved by Bank, which approval shall not be unreasonably withheld.
Outside Indebtedness. Create, incur, assume or permit to exist any indebtedness for borrowed moneys other than (i) Loans from the Bank, (ii) Permitted Indebtedness, (iii) obligations now existing as shown in the Borrower's financial statement dated June 30, 1999, (iv) future outside indebtedness not to exceed One Hundred Thousand Dollars ($100,000) in the aggregate during the term of this Agreement, excluding those obligations being refinanced by Bank, or sell or transfer, either with or without recourse, any accounts or notes receivable or any moneys due or to become due. The term "Permitted Indebtedness" means indebtedness to trade creditors in the ordinary course of business and endorsements for collection or deposit in the ordinary course of business.
Outside Indebtedness. (a) Create, incur, assume or permit to exist any indebtedness for borrowed moneys in excess of one million dollars ($1,000,000) other than (i) Loans from the Bank, (ii) obligations now existing as shown in the financial statement dated September 30, 1998, excluding those obligations being refinanced by Bank, (iii) indebtedness incurred in connection with acquisitions prior to the date of this Agreement for post-acquisition performance of the business or assets acquired in connection with such acquisition ("Earn Out Obligations"), (iv) indebtedness secured by liens permitted pursuant to Section 5.03 below and (v) short term trade indebtedness, or (b) sell or transfer, either with or without recourse, any accounts or notes receivable or any moneys due or to become due.
Outside Indebtedness. Except for indebtedness of Tier Technologies (Australia) Pty. Ltd., create, incur, assume or permit to exist with unrelated third parties any indebtedness for borrowed moneys other than Loans from the Bank, Permitted Indebtedness and obligations now existing as shown in Borrower's Form 10-Q for the quarter ended June 30, 2000, excluding those obligations being refinanced by Bank, or sell or transfer, either with or without recourse, any accounts or notes receivable or any moneys due or to become due.
Outside Indebtedness. Create, incur, assume or permit to exist any indebtedness for borrowed moneys secured by the assets or stock of each Co-Borrower other than Loans from the Lender except obligations listed on Schedule 5.02, the financial statement dated June 30, 2000, or sell or transfer, either with or without recourse, any accounts or notes receivable or any moneys due or to become due.
Outside Indebtedness. Create, incur, assume or permit to exist any indebtedness for borrowed moneys, other than loans from the Bank, except obligations now existing as shown in the financial statement dated June 30, 1996, and obligations owed to E. Khashoggi Industries and to equipment vendors and excluding those obligations being refinanced by Bank, or sell or transfer, either with or without recourse, any accounts or notes receivable or any moneys due to become due.
Outside Indebtedness. Create, incur, assume or permit to exist any indebtedness for borrowed moneys on the properties listed in section 5.03 other than Loans from the Bank except obligations now existing as shown in the financial statement dated September 30, 1998, excluding those obligations being refinanced by Bank or sell or transfer, either with or without recourse, any accounts or notes receivable or any moneys due or to become due.
