Permitted Debt. Create, incur, guarantee or suffer to exist any Debt, except: (a) the Obligations; (b) Subordinated Debt; (c) Permitted Purchase Money Debt; (d) Borrowed Money (other than the Obligations, Subordinated Debt and Permitted Purchase Money Debt), but only to the extent outstanding on the Closing Date and not satisfied with proceeds of the initial Loans;
Appears in 3 contracts
Samples: Loan and Security Agreement (P&f Industries Inc), Loan and Security Agreement (P&f Industries Inc), Loan and Security Agreement (Sport Chalet Inc)
Permitted Debt. Create, incur, guarantee Guarantee or suffer to exist any Debt, except:
(a) the Obligations;
(b) Subordinated Debt;
(c) Permitted Purchase Money Debt;
(d) Borrowed Money (other than the Obligations, Subordinated Debt and Permitted Purchase Money Debt), but only to the extent outstanding on the Closing Date and not satisfied with proceeds of the initial Loans;
Appears in 1 contract
Samples: Credit Agreement (Sanmina Corp)
Permitted Debt. Create, incur, guarantee or suffer to exist any Debt, except:
: (a) the Obligations;
; (b) Subordinated Debt;
(c) Permitted Purchase Money Debt;
(d) Borrowed Money (other than the Obligations, Subordinated Debt and Permitted Purchase Money Debt), but only to the extent outstanding on the Closing Date and not satisfied with proceeds of the initial Loans;
Appears in 1 contract
Samples: Credit and Security Agreement (Titan International Inc)
Permitted Debt. Create, incur, assume, guarantee or suffer to exist any Debt, except:
(ai) the Obligations;
(bii) Subordinated Debtaccounts payable by Borrower or a Subsidiary to trade creditors and current operating expenses (other than for Money Borrowed), in each case incurred in the Ordinary Course of Business;
(ciii) obligations to pay Rentals;
(iv) Permitted Purchase Money Debt;
(d) Borrowed Money (other than the Obligations, Subordinated Debt and Permitted Purchase Money Debt), but only to the extent outstanding on the Closing Date and not satisfied with proceeds of the initial Loans;
Appears in 1 contract
Permitted Debt. Create, incur, guarantee or suffer to exist any Debt, except:
(a) the Obligations;
(b) Subordinated Debt;
(c) Permitted Purchase Money Debt;
(d) Borrowed Money (other than the Obligations, the obligations under the Term Loan Documents, Subordinated Debt and Permitted Purchase Money Debt), but only to the extent outstanding on the Closing Date and not satisfied with proceeds of the initial Revolver Loans;
Appears in 1 contract
Permitted Debt. Create, incur, guarantee or suffer to exist any Debt, except:
(a) the Obligations;
(b) Subordinated Debt;
(c) Permitted Purchase Money Debt;
(d) Borrowed Money (other than the Obligations, Subordinated Debt and Permitted Purchase Money Debt), but only to the extent outstanding on the Closing Date and not satisfied with proceeds of the initial Revolver Loans;
Appears in 1 contract
Permitted Debt. Create, incur, guarantee or suffer to exist any Debt, except:
: (a) the Obligations;
; (b) Subordinated Debt;
; (c) Permitted Purchase Money Debt;
; (d) Borrowed Money and other Debt (other than the Obligations, Obligations and Subordinated Debt and Permitted Purchase Money Debt), but only to the extent outstanding identified on Schedule 10.2.1; (e) Secured Bank Product Obligations, together with all other obligations arising in connection with Bank Products entered into in the Closing Date and not satisfied with proceeds ordinary course of the initial Loans;business, (f) Permitted Contingent Obligations; (
Appears in 1 contract
Samples: Loan and Security Agreement (Commercial Vehicle Group, Inc.)
Permitted Debt. Create, incur, assume, guarantee or suffer to exist any Debt, except:
(ai) the Obligations;
(bii) Subordinated Debtaccrued expenses and accounts payable by such Borrower or a Domestic Subsidiary, in each case incurred in the Ordinary Course of Business;
(ciii) Permitted Purchase Money Debt;
(d) Borrowed Money (other than the Obligations, Subordinated Debt and Permitted Purchase Money Debt), but only to the extent outstanding on the Closing Date and not satisfied with proceeds of the initial Loans;
Appears in 1 contract
Permitted Debt. Create, incur, guarantee or suffer to exist any Debt, except:
: (a) the Obligations;
; (b) Subordinated Debt;
(c) Permitted Purchase Money Debt;
(d) Borrowed Money (other than the Obligations, Subordinated Debt and Permitted Purchase Money Debt), but only to the extent outstanding on the Closing Date and not satisfied with proceeds of the initial Loans;
Appears in 1 contract
Permitted Debt. Create, incur, guarantee or suffer to exist any Debt, except:
(a) the Obligations;
(b) Subordinated Debt;
(c) Permitted Purchase Money Debt;
(d) Borrowed Money (other than the Obligations, Integrated Debt, Subordinated Debt and Permitted Purchase Money Debt), but only to the extent outstanding on the Closing Date and not satisfied with proceeds of the initial Loans;
Appears in 1 contract
Samples: Loan and Security Agreement (Radiant Logistics, Inc)