Restriction on Debt. The Borrower will not, and will not permit any of its Subsidiaries to, incur or at any time be liable with respect to any Debt or any Attributable Debt in respect of any Sale and Leaseback Transaction except:
Restriction on Debt. Borrower shall not create, incur, assume, or suffer to exist any debt except as permitted by this Section 6.14. Debt means (i) indebtedness or liability for borrowed money; (ii) obligations evidenced by bonds, debentures, notes, or other similar instruments; (iii) obligations for the deferred purchase price of property or services (including trade obligations); (iv) obligations as lessee under capital leases; (v) current liabilities in respect of unfunded vested benefits under Plans covered by ERISA; (vi) obligations under letters of credit; (vii) obligations under acceptance facilities; (viii) all guarantees, endorsements (other than for collection or deposit in the ordinary course of business), and other contingent obligations to purchase, to provide funds for payment, to supply funds to invest in any person or entity, or otherwise to assure a creditor against loss; and (ix) obligations secured by any mortgage, deed of trust, lien, pledge, or security interest or other charge or encumbrance on property, whether or not the obligations have been assumed. Permitted exceptions to this covenant are: (i) debt contemplated by this Loan Agreement; and (ii) accounts payable to trade creditors for goods or services which are not aged more than ninety (90) days from the billing date and current operating liabilities (other than for borrowed money) which are not more than ninety (90) days past due, in each case incurred in the ordinary course of business, as presently conducted, and paid within the specified time, unless contested in good faith and by appropriate proceedings.
Restriction on Debt. Declarant shall not incur any debt or promissory note secured by a deed of trust or other security instrument that encumbers the Housing Unit in excess of the Original Purchase Price.
Restriction on Debt. The Borrower shall not make any borrowing, or incur or assume any Debt, directly or indirectly.
Restriction on Debt. The Loan Parties will not, and will not allow any non-Loan Party Subsidiary to, create, incur, assume, or suffer to exist any Debt except as permitted by this Section 6.16. Permitted exceptions to this covenant are: (a) the Loan; (b) Intercompany Loans; (c) obligations under Hedging Transaction Documents with Lender or its affiliates; (d) Debt, not to exceed an aggregate outstanding principal amount of $3,000,000, which amount includes secured debt as authorized under Sections 6.15(e) and (f) of this Agreement; (e) the Subordinated Debt; (f) any foreign currency or interest rate hedge in the ordinary course of business; (g) Existing Debt; and (h) contingent obligations of (A) the Loan Parties or any non-Loan Party Subsidiaries in respect of Debt otherwise permitted hereunder of the Loan Parties or any non-Loan Party Subsidiaries, and (B) the Loan Parties or any non-Loan Party Subsidiaries for customary and commercially reasonable indemnification obligations incurred in good faith in connection with any Permitted Acquisitions or otherwise in connection with contractual obligations entered into in the ordinary course of business.
Restriction on Debt. 50 SECTION 5.17. Limitation on Investments and Acquisitions..............52 SECTION 5.19. Dispositions of Assets..................................54 SECTION 5.20. Use of Proceeds.........................................55 SECTION 5.21. Restrictions on Asset Holdings by the Borrower..........55 SECTION 5.22. Restricted Payments.....................................56 SECTION 5.23. Business of Borrower and Subsidiaries...................56 SECTION 5.24. Transactions with Affiliates............................56 SECTION 5.25. New Synthetic Leases....................................58 SECTION 5.26. Corporate Separateness..................................58 SECTION 5.27. Limitation on Derivative Obligations....................58
Restriction on Debt. The Guarantor will not, and will not permit any of its Subsidiaries to, incur or at any time be liable with respect to any Debt or any Attributable Debt in respect of any Sale and Leaseback Transaction except:
Restriction on Debt. The Borrower shall not, and shall not permit any Guarantor or other Subsidiary to, create, incur, assume or otherwise become liable upon or suffer to exist (after knowledge of the existence thereof) any Debt other than Permitted Debt.
Restriction on Debt. Except as provided within the Section, Borrower shall not issue, assume or otherwise incur any Debt other than in respect of this Loan Agreement and the Promissory Note without Lender's prior written approval, which approval shall not be unreasonably withheld.
Restriction on Debt. 23 6.17 Mergers, Consolidations, and Purchase and Sale of Assets........................23 6.18 Dividends.......................................................................24 6.19
