Incurring Debt. The Company shall not borrow, mortgage any Company assets, enter into any financing and/or credit facility agreement, excluding trade accounts payable incurred in the ordinary course of business, for an amount equal or superior to FIFTY THOUSAND AND NO/100 DOLLARS ($50,000.00) in the aggregate in any one (1) year.
Appears in 2 contracts
Sources: Members' Agreement (Black Amber Florida, Inc.), Members' Agreement (Black Amber Florida, Inc.)