Common use of Guaranteed Indebtedness Clause in Contracts

Guaranteed Indebtedness. No Borrower shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this Agreement.

Appears in 5 contracts

Sources: Credit Agreement (Green Mountain Coffee Inc), Debtor in Possession Credit Agreement (WTD Industries Inc), Convertible Note Agreement (Wpi Group Inc)

Guaranteed Indebtedness. No Borrower shall create, incur, assume or not (and shall not permit to exist any ----------------------- of its Subsidiaries to) incur any Guaranteed Indebtedness except (ai) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and such Person or (bii) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this AgreementAgreement for Borrower to incur (and such Guaranteed Indebtedness shall be treated as a primary obligation for all purposes hereof).

Appears in 2 contracts

Sources: Loan and Security Agreement (Premier Graphics Inc), Loan and Security Agreement (Master Graphics Inc)

Guaranteed Indebtedness. No Borrower shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this Agreement, (c) Guaranteed Indebtedness outstanding on the Closing Date and (d) Guaranteed Indebtedness evidenced by the Holdings Guaranties.

Appears in 1 contract

Sources: Credit Agreement (Core-Mark Holding Company, Inc.)

Guaranteed Indebtedness. No Neither Borrower nor Guarantors shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrowerthe Borrower or the Guarantors, and (b) for Guaranteed Indebtedness incurred for the benefit of any other the Borrower or the Guarantors if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Presstek Inc /De/)

Guaranteed Indebtedness. No Neither Borrower nor Guarantor shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrowerthe Borrower or the Guarantor, and (b) for Guaranteed Indebtedness incurred for the benefit of any other the Borrower or the Guarantor if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Presstek Inc /De/)

Guaranteed Indebtedness. No Borrower shall create, incur, assume or ----------------------- permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this AgreementAgreement other than Indebtedness, if any, of a Target existing at the time such Target is acquired.

Appears in 1 contract

Sources: Credit Agreement (Intercept Group Inc)

Guaranteed Indebtedness. No Borrower shall not create, incur, assume or permit to exist any Guaranteed Indebtedness except (ai) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (bii) for Guaranteed Indebtedness incurred for the benefit of any other Borrower Borrower, if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Sources: Revolving Credit Agreement (United Homes Inc)

Guaranteed Indebtedness. No Borrower shall create, incur, assume or permit to exist incur any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account deposit accounts of any Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Sources: Loan Agreement (Fruehauf Trailer Corp)

Guaranteed Indebtedness. No Borrower shall create, incur, assume or not (and shall not permit to exist any of ----------------------- its Subsidiaries to) incur any Guaranteed Indebtedness except (ai) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and such Person or (bii) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this AgreementAgreement for Borrower to incur (and such Guaranteed Indebtedness shall be treated as a primary obligation for all purposes hereof).

Appears in 1 contract

Sources: Loan and Security Agreement (Master Graphics Inc)

Guaranteed Indebtedness. No Borrower shall create, incur, assume or permit to exist not incur any Guaranteed ----------------------- Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this Agreement, and (c) those obligations set forth in Part K of the Disclosure Schedule.

Appears in 1 contract

Sources: Credit Agreement (Beringer Wine Estates Holdings Inc)

Guaranteed Indebtedness. No Borrower shall not create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Green Mountain Coffee Roasters Inc)

Guaranteed Indebtedness. No Borrower shall not create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Borrower if the primary obligation is expressly permitted by this Agreementaccount.

Appears in 1 contract

Sources: Term Loan Agreement (Northland Cable Properties Seven Limited Partnership)

Guaranteed Indebtedness. No Borrower shall create, incur, assume or ----------------------- permit to exist any Guaranteed Indebtedness except except: (a) by endorsement of instruments or items of payment for deposit to the general account of any Borrower, and ; or (b) for Guaranteed Indebtedness incurred for existing as of the benefit of any other Borrower if the primary obligation is expressly permitted by this Agreement.Closing Date and described in SCHEDULE 6.6. ------------

Appears in 1 contract

Sources: Debtor in Possession Credit Agreement (Boston Chicken Inc)