Total Liabilities. Debtors shall not create, incur, assume or suffer to exist or otherwise become liable in respect of any Liabilities in excess of Fifty-Six Million and 00/100 Dollars ($56,000,000.00) in the aggregate. As used herein, “Liabilities” means any and all obligations to pay an amount in money, goods, or services to any internal or external party, as reflected in the Debtors’ balance sheet, prepared on a consolidated and consolidating basis, in reasonable detail, including, without limitation, any and all liabilities (contingent or otherwise) and in conformity with GAAP.
Appears in 4 contracts
Samples: Movable Hypothec and General Security Agreement (Quest Solution, Inc.), Universal Movable Hypothec and General Security Agreement (Quest Solution, Inc.), Security Agreement (Quest Solution, Inc.)
Total Liabilities. Debtors shall not create, incur, assume or suffer to exist or otherwise become liable in respect of any Liabilities in excess of FiftyThirty-Six Three Million and 00/100 Dollars ($56,000,000.0033,000,000.00) in the aggregate. As used herein, “Liabilities” means any and all obligations to pay an amount in money, goods, or services to any internal or external party, as reflected in the Debtors’ Debtor’s balance sheet, prepared on a consolidated and consolidating basis, in reasonable detail, including, without limitation, any and all liabilities (contingent or otherwise) and in conformity with GAAP.”
Appears in 2 contracts
Samples: Pledge and Security Agreement (Quest Solution, Inc.), Security Agreement (Quest Solution, Inc.)
