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Common use of Incur Indebtedness Clause in Contracts

Incur Indebtedness. To borrow money in such amounts as directed by the Committee, to assume indebtedness, extend mortgages and encumber by mortgage or pledge, all as directed by the Committee.

Appears in 2 contracts

Sources: Employee Stock Ownership Plan and Trust Agreement (Scotts Liquid Gold Inc), Employee Stock Ownership Plan and Trust Agreement (Scotts Liquid Gold Inc)

Related Clauses

  • Disqualified Stock
  • Indebtedness, Disqualified Stock
  • Default on Indebtedness
  • Incurrence of Indebtedness
  • Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock

Parent Clauses

  • Negative Covenants
  • MISCELLANEOUS
  • Commission Approval Required
  • Direct Rollover/Transfer Provisions
  • Majority Control

Sub-Clauses

  • Permitted Subsidiary Bank Indebtedness
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