Common use of Other Debts Clause in Contracts

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank), or become liable for the liabilities of others, without the Bank’s written consent. This does not prohibit: (a) Acquiring goods, supplies, or merchandise on normal trade credit.

Appears in 2 contracts

Sources: Loan Agreement (Pope Resources LTD Partnership), Business Loan Agreement (Winter Sports Inc /New)

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank or to any affiliate of the Bank), or become liable for the liabilities of others, without the Bank’s 's written consent. This does not prohibit: : (a) Acquiring goods, supplies, or merchandise on normal trade credit. (b) Liabilities, lines of credit and leases in existence on the date of this Agreement disclosed in writing to the Bank in the Borrower's most recent financial statement.

Appears in 1 contract

Sources: Loan Agreement (Solitron Devices Inc)

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank or to any affiliate of the Bank), or become liable for the liabilities of others, without the Bank’s 's written consent. This does not prohibit: (a) Acquiring goods, supplies, or merchandise on normal trade credit.

Appears in 1 contract

Sources: Credit Agreement (Tejon Ranch Co)

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank or to any affiliate of the Bank), or become liable for the liabilities of others, without the Bank’s 's written consent. This does not prohibit: : (a) Acquiring goods, supplies, or merchandise on normal trade credit. (b) Liabilities, lines of credit and leases in existence on the date of this Agreement disclosed in writing to the Bank.

Appears in 1 contract

Sources: Loan Agreement (Thorne Healthtech, Inc.)

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than thari those to the Bank or to any affiliate of the Bank), or become liable for the liabilities of others, without the Bank’s 's written consent. This does not prohibit: : (a) Acquiring goods, supplies, or merchandise on normal trade credit. (b) Liabilities, lines of credit and leases in existence on the date of this Agreement disclosed in writing to the Bank.

Appears in 1 contract

Sources: Loan Agreement (HF Foods Group Inc.)

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations debts (other than those to the Bank), or become liable for the liabilities debts of others, others without the Bank’s 's written consent. This does not prohibit: (a) Acquiring goods, supplies, or merchandise on trade credit that is normal trade credit.for the particular type of goods, supplies or merchandise so acquired;

Appears in 1 contract

Sources: Credit Agreement (FFP Partners L P)

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank or to any affiliate of the Bank), or become liable for the liabilities of others, without the Bank’s written consent. This does not prohibit: (a) : a. Acquiring goods, supplies, or merchandise on normal trade credit. b. Liabilities, lines of credit and leases in existence on the date of this Agreement disclosed in writing to the Bank.

Appears in 1 contract

Sources: Loan Agreement (Software Acquisition Group Inc.)

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank or to any affiliate of the Bank), or become liable for the liabilities of others, without the Bank’s 's written consent. This does not prohibit: (a) Acquiring goods, supplies, or merchandise on normal trade credit.

Appears in 1 contract

Sources: Loan Agreement (Energy Resources 12, L.P.)

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations debt (other than those to the Bank), or become liable for the liabilities debts of others, others without the Bank’s 's written consent. This does not prohibit: (a) Acquiring goods, supplies, inventory or merchandise on normal trade credit.

Appears in 1 contract

Sources: Secured Business Loan Agreement (Greg Manning Auctions Inc)

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank), or become liable for the liabilities of others, without the Bank’s written consent. This does not prohibit: : (a) Acquiring goods, supplies, or merchandise on normal trade credit. (b) Liabilities, lines of credit and leases in existence on the date of this Agreement disclosed in writing to the Bank. (c) Purchase money financing not to exceed $500,000 in the aggregate at any time.

Appears in 1 contract

Sources: Loan Agreement (KVH Industries Inc \De\)

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank or to any affiliate of the Bank), or become liable for the liabilities of others, without the Bank’s written consent. This does not prohibit: : (a) Acquiring goods, supplies, or merchandise on normal trade credit. (b) Liabilities, lines of credit and leases in existence on the date of this Agreement disclosed in writing to the Bank.

Appears in 1 contract

Sources: Credit Agreement (Bowman Consulting Group Ltd.)

Other Debts. Not to have outstanding or incur, or to permit any Subsidiary of Borrower to have or incur any direct or contingent liabilities or lease obligations (other than those to the Bank), or become liable for the liabilities of or others, without the Bank’s 's written consent. This does not not, however, prohibit: (a) Acquiring goods, supplies, or merchandise on normal trade credit.:

Appears in 1 contract

Sources: Business Loan Agreement (TRM Corp)

Other Debts. Not to have outstanding or incur any direct or contingent liabilities for borrowed money, the deferred purchase price for property or services, or lease obligations (other than than, in each case, those to the Bank or to any affiliate of the Bank) (collectively, “Debt”), or become liable for the liabilities of othersothers (except other Obligors), without the Bank’s written consent. This does not prohibit: (a) Acquiring goods, supplies, or merchandise on normal trade credit.

Appears in 1 contract

Sources: Loan Agreement (Lifevantage Corp)

Other Debts. Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank), or become liable for the liabilities of others, without the Bank’s written consent. This does not prohibit: (a) Acquiring goods, supplies, or merchandise on normal trade credit.:

Appears in 1 contract

Sources: Loan Agreement (Sport Chalet Inc)