Restriction on Other Indebtedness Sample Clauses

Restriction on Other Indebtedness. Incur any indebtedness for borrowed money or extensions of credit except: (a) the Obligations; (b) indebtedness incurred in the ordinary course of business for necessary merchandise, services, equipment, materials, and supplies, all of which will be paid not more than 60 days from the due date of invoice except when being contested in good faith; (c) any other indebtedness the repayment of which is expressly subordinated, in writing satisfactory to GMAC in its sole, absolute discretion, to the repayment to GMAC of all Obligations; (d) indebtedness relating to liens permitted by Section 7.5; (e) indebtedness secured by mortgages or deed of trust liens on real estate which is financed with another lender; or (f) any other indebtedness of the Rush Group not exceeding in the aggregate $30,000,000.

Restriction on Other Indebtedness. Dealer shall not incur any indebtedness for borrowed money or extensions of credit except: (i) the Dealer Obligations; (ii) indebtedness incurred by Dealer in the ordinary course of business for necessary merchandise, services, equipment, materials, and supplies, all of which shall be paid not more than ninety days from the date of invoice and none of which shall be past due more than forty-five days; (iii) any other indebtedness the repayment of which is expressly subordinated, in writing, to the repayment to GMAC of all Dealer Obligations; (iv) indebtedness for purchase money financing permitted by subparagraph 6(d)(iii).