Common use of Restriction on Indebtedness Clause in Contracts

Restriction on Indebtedness. The Borrower will not create, incur, assume or have outstanding any Indebtedness for borrowed money (including capitalized leases) except (i) any indebtedness owing to the Bank and its affiliates, and (ii) any other indebtedness outstanding on the date hereof, and shown on the Borrower’s financial statements delivered to the Bank prior to the date hereof, provided that such other Indebtedness will not be increased.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rochester Medical Corporation)

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Restriction on Indebtedness. The Borrower will not create, incur, assume or have outstanding any Indebtedness indebtedness for borrowed money (including capitalized leases) except (i) any indebtedness indebtedness, owing to the Bank and its affiliates, and (ii) any other indebtedness outstanding on the date hereof, and shown on the Borrower’s financial statements delivered to the Bank prior to the date hereof, provided that such other Indebtedness indebtedness will not be increased.

Appears in 1 contract

Samples: Term Loan Agreement (Outdoor Channel Holdings Inc)

Restriction on Indebtedness. The Borrower will not create, incur, assume or have outstanding any Indebtedness indebtedness for borrowed money (including capitalized leases) except (i) any indebtedness owing to the Bank Lender and its affiliates, and (ii) any other indebtedness outstanding on the date hereof, and shown on the Borrower’s financial statements delivered to the Bank Lender prior to the date hereof, provided that such other Indebtedness indebtedness will not be increased.

Appears in 1 contract

Samples: Credit Agreement (New Age Beverages Corp)

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Restriction on Indebtedness. The Borrower will not create, incur, assume or have outstanding any Indebtedness indebtedness for borrowed money (including capitalized leases) except (i) any indebtedness owing to the Bank and its affiliates, and (ii) any other indebtedness outstanding on the date hereof, and shown on the Borrower’s 's financial statements delivered statementsdelivered to the Bank prior to the date hereof, provided that such other Indebtedness indebtedness will not be increased.

Appears in 1 contract

Samples: Term Loan Agreement (Park City Group Inc)

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