Common use of Restrictions on Debt Clause in Contracts

Restrictions on Debt. The Borrower and each Guarantor will not directly or indirectly, create, incur, assume, guarantee, endorse or be or remain liable, contingently or otherwise, with respect to any Debt other than the following (“Permitted Debt”):

Appears in 3 contracts

Samples: Loan and Security Agreement (Healthy Choice Wellness Corp.), Loan and Security Agreement (Healthier Choices Management Corp.), Loan and Security Agreement (Vivakor, Inc.)

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Restrictions on Debt. The Borrower will not, each Guarantor will not, and the Borrower and each Guarantor will not directly or indirectlypermit any of their respective Subsidiaries to, create, incur, assume, guarantee, endorse or be or remain liable, contingently or otherwise, with respect to any Debt other than the following (“Permitted Debt”):than:

Appears in 1 contract

Samples: Loan and Security Agreement (Healthier Choices Management Corp.)

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