Common use of Indebtedness and Other Liabilities Clause in Contracts

Indebtedness and Other Liabilities. The Borrower will not, and will not permit any of its Subsidiaries to, create, incur, assume, or suffer to exist or otherwise become or be liable in respect of any Indebtedness, or in any other liabilities, other than: (i) Indebtedness of the Borrower in respect of the Loans and the other Obligation and Indebtedness existing on the date of this Agreement and set forth on Schedule 5.4 hereto; and (ii) Indebtedness or other liabilities of the Borrower arising in the ordinary course of business and not to exceed $10,000 in any one instance or to any single creditor or supplier; provided that no Indebtedness or other liability otherwise permitted to be incurred shall be permitted to be incurred if, after giving effect to the incurrence thereof, any Default shall have occurred and be continuing.