Borrowing and Guarantees. ECNC and its Subsidiaries (a) do not have any indebtedness for borrowed money, (b) are not lending or committed to lend any money (except for advances to employees in the ordinary course of business), and (c) are not guarantors or Sureties with respect to the obligations of any Person.
Appears in 2 contracts
Sources: Acquisition Agreement (Econnect), Acquisition Agreement (Econnect)