Production Financing; Additional Indebtedness Clause Samples

Production Financing; Additional Indebtedness. The Company shall have closed on an additional $_____________ in debt financing from _________________ (“Production Lender”) on or before ____ ____, 2013 to provide working capital for inventory and production costs (“Production Financing”). With the exception of the Production Financing, the Company shall not issue any debt securities or promissory notes in the absence of the Buyer’s prior written consent, which consent shall not be unreasonably withheld.