Indebtedness; Guarantees. Incur, assume or guarantee any indebtedness for borrowed money, other than (i) pursuant to any indebtedness instrument outstanding as of the date of this Agreement and made available to the Company, and (ii) pursuant to promissory notes issued in connection with any acquisition by the PubCo Entities, which is made pursuant to the terms set forth in Section 5.02(g), provided that the indebtedness under any such promissory note taken individually, and all such promissory notes in the aggregate, does not exceed $250,000;
Appears in 2 contracts
Sources: Agreement and Plan of Merger (Avalon GloboCare Corp.), Agreement and Plan of Merger (Avalon GloboCare Corp.)
Indebtedness; Guarantees. Incur, assume or guarantee any indebtedness for borrowed money, other than (i) pursuant to any indebtedness instrument outstanding as of the date of this Agreement and made available to the Company, Company and (ii) pursuant to promissory notes issued in connection with any permitted acquisition by the PubCo Parent Entities, which acquisition is made pursuant to the terms set forth in Section 5.02(g5.02(f), provided that the and (iii) indebtedness under any such other promissory note taken individually, and all such promissory notes in the aggregate, does that do not exceed $250,0001,000,000;
Appears in 1 contract
Sources: Merger Agreement (Vivakor, Inc.)