Permitted Senior Indebtedness. The Corporation shall not be in default in any material respect under any document governing any Permitted Senior Indebtedness.
Permitted Senior Indebtedness. The obligations of the Parent Company under this Guaranty constitute Permitted Senior Indebtedness, as defined in the Subordinated Debentures.
Permitted Senior Indebtedness. Indebtedness and guarantees (plus interest, premium, fees and other obligations associated therewith) not otherwise referred to in this covenant outstanding on the Issue Date;
Permitted Senior Indebtedness. As of the Computation Date (i) the aggregate outstanding Permitted Senior Indebtedness was $ and (ii) the aggregate purchase, redemption, prepayment or repayment of the Senior Notes during the fiscal quarter (or portion 92 thereof) ending on such date was $ , as computed in the supporting documents attached hereto as Schedule 6. Part II. The undersigned officer of Company hereby certifies that:
A. All of the information set forth in this Report (and in any Schedule attached hereto) is true and correct in all material respects.
B. As of the Computation Date, the Company has observed and performed all of its covenants and other agreements contained in the Agreement and in the Notes and any other Loan Documents to be observed, performed and satisfied by them.
C. I have reviewed the Agreement and this Report is based on an examination sufficient to assure that this Report is accurate.
D. Except as stated in Schedule 7 hereto (which shall describe any existing Event of Default or event which with the passage of time and/or the giving of notice, would constitute an Event of Default and the notice and period of existence thereof and any action taken with respect thereto or contemplated to be taken by Company), no Event of Default, or event which with the passage of time and/or the giving of notice would constitute an Event of Default, has occurred and is continuing on the date of this Report. Capitalized terms used in this Report and in the schedules hereto, unless specifically defined to the contrary, have the meanings given to them in the Agreement.
Permitted Senior Indebtedness. 19 SECTION 6. PAYMENTS FREE AND CLEAR OF TAXES.............................. 19
Permitted Senior Indebtedness. The Purchase Agreement is hereby amended to eliminate the ability of the Company to incur up to $1,000,000 in indebtedness senior to the obligations of the Company under the Convertible Note. In connection with such agreement, clause (f) of Section 7.3 and the definition of “Permitted Senior Indebtedness” in Section 1.1 are each deleted from the Purchase Agreement.
Permitted Senior Indebtedness. The obligations of the Company under this Guarantee constitute Permitted Senior Indebtedness, as defined in the Subordinated Debentures.
Permitted Senior Indebtedness. There shall occur a default under any agreement governing or evidencing -------------------------------------- Permitted Senior Indebtedness; or (l)
Permitted Senior Indebtedness. Indebtedness, other than Borrower's Obligations, incurred by Borrower to purchase tangible personal property or Indebtedness incurred by Borrower to lease tangible personal property pursuant to Capitalized Leases, provided that (i) the aggregate amount of such Indebtedness outstanding as of the Closing Date shall not exceed $50,000, and (ii) prior to the Revolving Loan Maturity Date, the amount of such Indebtedness at any one time outstanding shall not exceed $50,000 and (iii) no Event of Default exists at the time or will be caused as a result of the incurrence of any Indebtedness described in clause (ii).
Permitted Senior Indebtedness. Make regularly scheduled payments on account of Permitted Senior Indebtedness.