Common use of Debts and Other Obligations Clause in Contracts

Debts and Other Obligations. No Borrower or Subsidiary will incur, create, assume, or permit to exist any Indebtedness except: (1) the Loans; (2) the Indebtedness described in Exhibit C; (3) trade Indebtedness incurred in the ordinary course of business, including that payable to Genzyme, Inc.; (4) contingent Indebtedness permitted by Paragraph 7.8; (5) Indebtedness, including Permitted Acquisition Indebtedness, secured by Permitted Liens; (6) Indebtedness for borrowed money owed by any Guarantor (exclusive of the Non-Corporate Subsidiaries) to the Borrower, or by the Borrower to any Subsidiary of the Borrower, provided that if any such Indebtedness is evidenced by a document or instrument, the same is pledged to the Agent for the benefit of the Banks pursuant to an appropriate pledge agreement; (7)