Common use of Indebtedness of a Person Clause in Contracts

Indebtedness of a Person. existing at the time such Person became a Subsidiary of a Borrower to the extent such Indebtedness was not incurred in connection with, or in contemplation of, such Person becoming a Subsidiary, in an amount not to exceed $3,500,000;

Indebtedness of a Person. existing at the time such Person became a Subsidiary of a Borrower to the extent Borrower, but only if such Indebtedness was not created or incurred in connection with, or in contemplation of, of such Person becoming a Subsidiary, in an Subsidiary and the aggregate outstanding amount of all Indebtedness existing pursuant to this clause does not to exceed $3,500,0001,250,000 at any time;