Restriction of Indebtedness. Create, incur, assume or have outstanding any indebtedness for borrowed money or the deferred purchase price of any asset (including obligations under Capitalized Leases), except:
Restriction of Indebtedness. Create, incur, assume or have outstanding any Indebtedness except:
Restriction of Indebtedness. 19 15.2. Restrictions on Liens.......................................19 15.3.
Restriction of Indebtedness. The Company shall not incur or guaranty any indebtedness that would be senior, or grant any security interest that would be senior, to this Note, other than the Bridge Notes, the Qubit Note, the Cheshire Note and the Cornell Debenture.
Restriction of Indebtedness. The Company shall not incur or guaranty any indebtedness that would be senior or pari passu to the Notes, other than up to Five Hundred Thousand Dollars ($500,000) principal amount of indebtedness that would be pari passu with the Notes, including pari passu as to collateral under the Security Agreement.
Restriction of Indebtedness. Create, incur, assume or have outstanding any indebtedness for borrowed money or the deferred purchase price of any asset (including obligations under Capitalized Leases except as permitted by Section 4.2), except:
Restriction of Indebtedness. Create, incur, assume or have outstanding any Indebtedness, except in connection with the Revolving Note issued under this Agreement and Permitted Derivative Obligations.
Restriction of Indebtedness. 119 SECTION 6.02.
Restriction of Indebtedness. The Borrower shall not, nor shall it permit any of its Non-Bank Subsidiaries to directly or indirectly, create, incur, assume or have outstanding any Indebtedness, except:
Restriction of Indebtedness. Create, incur, assume or have outstanding any indebtedness for borrowed money or the deferred purchase price of any asset (including obligations under Capitalized Leases), except: (a) the Notes issued under this Agreement; (b) outstanding indebtedness in respect of industrial revenue bond financing shown on the financial statements referred to in section 4.5 above, provided that such indebtedness shall not be renewed, extended or increased; (c) additional long-term indebtedness incurred pursuant to an offering of long-term notes, bonds or similar obligations of the Company; provided that, simultaneously with the closing of such debt offering, the Term Loan shall be prepaid by an amount equal to the net proceeds to the Company of such long-term indebtedness; (d) indebtedness described in clause (v) of the definition of Permitted Liens in section 9.1, provided such indebtedness does not exceed an aggregate of $5,000,000 outstanding at any one time; (e) unsecured indebtedness which is subordinated to the prior payment of the Company's obligations under this Agreement and the Notes in a manner satisfactory to the Banks; (f) indebtedness in respect of Capitalized Leases, provided that the aggregate lease payments thereunder do not exceed $1,000,000 in any fiscal year of the Company; and (g) other indebtedness not exceeding $5,000,000 in aggregate principal amount at any time outstanding.
