Common use of Except for Permitted Indebtedness Clause in Contracts

Except for Permitted Indebtedness. neither the ------------ Borrower nor any Subsidiary has any indebtedness, liability or obligation (i) arising from the borrowing of money or from the deferral of the payment of the purchase price of any asset, including by means of a capital lease, or (ii) pursuant to any guaranty or other contingent obligation (including, but not limited to, any obligation to (A) maintain the net worth of any other Person, (B) purchase or otherwise acquire, or assume, any indebtedness, liability or obligation or (C) provide funds for or otherwise assure the payment of any indebtedness, liability or obligation, whether by means of any investment, by means of any sale or other disposition, or by means of any purchase or other acquisition, of any asset or service or otherwise);

Appears in 2 contracts

Sources: Corporate Revolving and Term Loan Agreement (Dset Corp), Corporate Revolving and Term Loan Agreement (Dset Corp)