Common use of Borrowing and Guarantees Clause in Contracts

Borrowing and Guarantees. Except as otherwise disclosed by AMWS, AMWS (a) does not have any indebtedness for borrowed money, (b) is not lending or committed to lend any money (except for advances to employees in the ordinary course of business), and (c) is not a guarantor or Surety with respect to the obligations of any Person.