Contracts of Surety. Except for the endorsements of Borrower or a Subsidiary of negotiable instruments for deposit or collection in the ordinary course of business and except the Guaranty, neither Borrower nor any Subsidiary is a party to any contract of guaranty or surety.
Appears in 2 contracts
Sources: Credit Agreement (Bioanalytical Systems Inc), Credit Agreement (Bioanalytical Systems Inc)
Contracts of Surety. Except for the endorsements of the Borrower or a Subsidiary of negotiable instruments for deposit or collection in the ordinary course of business and except the Guarantybusiness, neither the Borrower nor any Subsidiary the Guarantor is a party to any contract of guaranty or surety.
Appears in 1 contract
Sources: Note Purchase and Loan Agreement