Common use of Borrowings and Guaranties Clause in Contracts

Borrowings and Guaranties. Neither the Company nor any Subsidiary will issue, incur, assume, create or have outstanding any indebtedness for borrowed money (including as such all indebtedness representing the deferred purchase price of Property and all obligations of the Company and its Subsidiaries with respect to letters of credit and banker's acceptances) or customer advances, nor be or remain liable, whether as endorser, surety, guarantor or otherwise, for or in respect of any liability or indebtedness of any other Person other than: (a) indebtedness of the Company arising under or pursuant to this Agreement or the other Loan Documents; (b) the liability of the Company or any Subsidiary arising out of the endorsement for deposit or collection of commercial paper received in the ordinary course of business; (c) indebtedness of the Company existing on the date hereof and disclosed to the Banks in the August 31, 1998 financial statements referred to in Section 5.3 hereof; (d) indebtedness not otherwise permitted by this Section 7.12 which is incurred, directly or indirectly, to finance the acquisition of Property;

Borrowings and Guaranties. Neither the The Company nor any Subsidiary will not issue, incur, assume, create or have outstanding any indebtedness for borrowed money (including as such all indebtedness representing the deferred purchase price of Property and all obligations of the Company and its Subsidiaries with respect to letters of credit and banker's acceptances) or customer advances, nor be or remain liable, whether as endorser, surety, guarantor or otherwise, for or in respect of any liability or indebtedness of any other Person other than: (a) indebtedness of the Company arising under or pursuant to this Agreement or the other Loan Documents; (b) the liability of the Company or any Subsidiary arising out of the endorsement for deposit or collection of commercial paper received in the ordinary course of business; (c) indebtedness of the Company existing on the date hereof and disclosed to the Banks Bank in the August 31, 1998 1996 financial statements referred to in Section 5.3 hereof; (d) indebtedness not otherwise permitted by this Section 7.12 7.13 which is incurred, directly or indirectly, to finance the acquisition of Property; (e) Funded Debt; and (f) renewals, extensions and refinancings of and amendments to each of the foregoing.

Borrowings and Guaranties. Neither the The Company will not, nor will it permit any Material Subsidiary will to, issue, incur, assume, create or have outstanding any indebtedness for borrowed money (including as such all indebtedness representing the deferred purchase price of Property and all obligations of the Company and its Subsidiaries or any Material Subsidiary with respect to letters of credit and banker's acceptances) or customer advances, nor be or remain liable, whether as endorser, surety, guarantor or otherwise, for or in respect of any liability or indebtedness of any other Person other than: (a) indebtedness of the Company arising under or pursuant to this Agreement or the other Loan DocumentsDocuments and any Material Subsidiary's guarantee of such indebtedness; (b) the liability of the Company or any Material Subsidiary arising out of the endorsement for deposit or collection of commercial paper received in the ordinary course of business; (c) indebtedness of the Company existing on the date hereof and disclosed to the Banks Bank in the August 31, 1998 1996 financial statements referred to in Section 5.3 hereof; (d) indebtedness not otherwise permitted by this Section 7.12 7.13 which is incurred, directly or indirectly, to finance the acquisition of Property;