Subordinated Debt; and. (e) Indebtedness to trade creditors incurred in the ordinary course of business.
Subordinated Debt; and. (6) Debt shown on the financial statements of Borrower dated as of March 31, 1997, as heretofore furnished to the Bank.
Subordinated Debt; and. (6) other unsecured Debt in an aggregate amount not in excess of $250,000 at any time outstanding.
Subordinated Debt; and. (i) Intercompany Debt; provided, that none of the Debt permitted to be incurred by this Section shall restrict, limit or otherwise encumber (by covenant or otherwise) the ability of any Subsidiary of any Borrower to make any payment to any such Borrower or any other Subsidiary (in the form of dividends, intercompany advances or otherwise) for the purpose of enabling such Borrower to pay the Obligations.
Subordinated Debt; and. (F) Capitalized Leases, so long as the aggregate annual payments under all Capitalized Leases do not exceed $1,000,000.00.
Subordinated Debt; and. (i) any other unsecured any other unsecured Debt in an aggregate amount not to exceed $500,000 at any time outstanding in an aggregate amount not to exceed $500,000 at any time outstanding.
Subordinated Debt; and. (t) other unsecured Indebtedness not otherwise permitted under clauses (a) through (r) in an aggregate outstanding principal amount not to exceed at any time (x) prior to the Milestone, $2,500,000 and (y) from and after the occurrence of the Milestone, $10,000,000.
Subordinated Debt; and. 1.1.129.10 Debt consisting of the financing of insurance premiums in the ordinary course of business provided that such Debt does not exceed an aggregate amount of $1,000,000 at any time.
Subordinated Debt; and. (n) Indebtedness of the Borrower not described in the foregoing clauses (a)-(m) which is incurred to develop one or more Projects for which the Agent and the Majority Banks have refused to provide financing, provided that (A) such Indebtedness does not at anytime exceed $25,000,000 ------------- in the aggregate, and (B) the collateral securing such Indebtedness shall be limited to the Project for which such Indebtedness is used and the Base Contracts originated for VOIs or Lots located in such Project.
Subordinated Debt; and. (i) other Debt not exceeding in the aggregate $10,000,000.
