Common use of Outside Indebtedness Clause in Contracts

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.

Appears in 2 contracts

Samples: Advantage Business Credit Line/Loan Agreement (Advanced Media Inc), Advantage Business Credit Line/Loan Agreement (Advanced Media Inc)

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Outside Indebtedness. Not createCreate, incur, assume or permit to exist any indebtedness for borrowed money moneys other than loans Loans from the Bank except obligations now existing as shown on in the credit application or the personal financial statement or data submitted with such application pursuant to Section V.A. herein; dated September 30, 1998, excluding those obligations being refinanced by Bank, the financing of Borrower's new corporate headquarters, or sell or transfer, either with or without recourse, any accounts or notes receivable or any money moneys due or to become due.

Appears in 1 contract

Samples: Credit Agreement (Capital Title Group Inc)

Outside Indebtedness. Not createCreate, incur, assume or permit to exist any indebtedness for borrowed money moneys other than loans Loans from the Bank except obligations now existing as shown on in the credit application or the personal financial statement or data submitted with such application pursuant to Section V.A. herein; dated May 31, 1999, excluding those obligations being refinanced by Bank, or sell or transfer, either with or without recourse, any accounts or notes receivable or any money moneys due or to become due.

Appears in 1 contract

Samples: Credit Agreement (Clearcommerce Corp)

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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. VII.A. herein; or sell or transfer, either with or without recourse, any accounts or notes receivable or any money due or to become due.

Appears in 1 contract

Samples: Business Line Credit Agreement (Top Tier Software Inc)

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