Common use of Liability for Indebtedness Clause in Contracts

Liability for Indebtedness. After the Closing, unless the Investor shall otherwise consent in writing, no member of the Company Group shall have any liability under or in respect of any indebtedness of any member of the WWC Non-Company Group ("WWC Debt"), and the assets of the Company Group shall not be subject to any Lien under or in respect of any WWC Debt. After the Closing, unless WWC shall otherwise consent in writing, no member of the WWC Non-Company Group shall have any liability under or in respect of any indebtedness of any member of the Company Group ("Company Debt"), and the assets of the WWC Non-Company Group shall not be subject to any Lien under or in respect of any Company Debt.

Appears in 3 contracts

Sources: Shareholders Agreement (Western Wireless Corp), Shareholder Agreement (Hutchison Whampoa LTD /Wav), Shareholders Agreement (Voicestream Wireless Holding Corp)