Common use of Creditors and liabilities Clause in Contracts

Creditors and liabilities. 7.1 No Group Company has any outstanding borrowings or indebtedness in the nature of borrowing other than: 7.1.1 monies owing to another Group Company; 7.1.2 trade debt incurred in the ordinary course of business; or 7.1.3 as otherwise disclosed in the DOL Accounts or the DOGL Accounts (as applicable). 7.2 Details of all loans or other financial facilities outstanding or available to the Group Companies are contained in the Data Room. 7.3 No written notice has been received by any Group Company to the effect that it is in material default under the terms of any borrowing made by it. 7.4 No Group Company is: 7.4.1 liable for the indebtedness of any person other than another Group Company; or 7.4.2 party to any guarantee or any other obligation to pay, purchase or provide funds for the payment of any indebtedness of any person other than another Group Company.