Common use of Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock Clause in Contracts

Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, issue, assume, Guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to (collectively, "INCUR") any Indebtedness (including Acquired Indebtedness); and the Company will not permit any of its Restricted Subsidiaries to issue any shares of Preferred Stock;

Appears in 1 contract

Sources: Indenture (West Texas & Lubbock Railroad Co Inc)

Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock. 4.10.1 The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, issue, assume, Guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to (collectively, "INCUR") Incur any Indebtedness (including Acquired Indebtedness); , and the Company will shall not issue any Disqualified Stock and shall not permit any of its Restricted Subsidiaries to issue any shares of Preferred Stock;.

Appears in 1 contract

Sources: Indenture (PT Centralpertiwi Bahari)

Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock. The Company shall will not, and shall will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, issue, assume, Guarantee or otherwise guarantee, become directly or indirectly liable, contingently or otherwise, with respect to to, or otherwise become responsible for payment of (collectively, "INCUR"“incur”) any Indebtedness (including including, without limitation, Acquired Indebtedness); ) and the Company will not permit any of its Restricted Subsidiaries to issue any shares of Preferred Stock;, in each case other than Permitted Indebtedness.

Appears in 1 contract

Sources: Note and Warrant Purchase Agreement (Ocwen Financial Corp)