Restriction on Incurring Additional Debt Sample Clauses
POPULAR SAMPLE Copied 1 times
Restriction on Incurring Additional Debt. Neither the Company nor any subsidiary of the Company (whether now owned or acquired in the future while the Debentures are outstanding) shall incur any additional debt without the prior written approval of the Buyer.
Restriction on Incurring Additional Debt. The Company shall not incur any additional debt without the prior written approval of the Buyer with the exception of equipment purchases and real estate acquisitions used in the normal course of business.
Restriction on Incurring Additional Debt. So long as any of the Debentures remain outstanding, the Company shall not incur any additional debt or permit any subsidiary of the Company to incur any additional debt without the Buyer’s prior written consent. Any debt in the Company or any debt which is assumed or generated as a result of any acquisition, including seller carry back notes must be approved by the Buyer and in all cases shall be fully subordinated to the Debentures.