Example ContractsClausesContingent Obligations
Contingent Obligations
Contingent Obligations contract clause examples

Contingent Obligations. Other than Permitted Indebtedness, the Guarantor shall not create or become or be liable with respect to any Contingent Obligation.

Contingent Obligations. It shall not, and it shall ensure that each other Credit Party does not, create, incur, assume or suffer to exist any Contingent Obligations, other than in respect of the Obligations, except: # endorsements for collection or deposit in the ordinary course of business; # Contingent Obligations incurred in the ordinary course of business with respect to surety and appeal bonds, performance bonds and other similar obligations; and # Contingent Obligations arising with respect to customary indemnification obligations in favour of purchasers in connection with dispositions permitted under [Section 13.2(3), and (iv)])] Contingent Obligations described in clause (b) of the definition thereof and permitted pursuant to [Section 13.2(10)]; provided that, in any such case, such Contingent Obligations are not otherwise expressly restricted or prohibited by this Agreement.

Refinancing Debt as long as each Refinancing Condition is satisfied;

extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness set forth in [(b) and (c) above], provided, however, that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon the obligors thereunder;

Contingent Obligations. The Borrower will not, nor will it permit any Subsidiary to, make or suffer to exist any Contingent Obligation (including, without limitation, any Contingent Obligation with respect to the obligations of a Subsidiary), except # by endorsement of instruments for deposit or collection in the ordinary course of business, # Contingent Obligations in respect of Letters of Credit and letters of credit issued under the Indebtedness permitted under [Section 6.11(f), (c)])] obligations with respect to letters of credit not issued pursuant to this Agreement with the Corporate Member as applicant so long as none of the Borrower or its Subsidiaries is a co-applicant with respect thereto or otherwise guaranties such obligations, and # Contingent Obligations with respect to letters of credit issued in the ordinary course of certain Wholly-Owned Subsidiaries with respect to marine insurance policies issued thereby; provided, however, that the Borrower or any of its Wholly-Owned Subsidiaries may guarantee # the obligations of any Person that is its or its Subsidiary’s employee so long as the aggregate amount of all such guaranteed obligations, taken together with the aggregate amount of any and all loans to such Persons by the Borrower in accordance with [Section 6.14] outstanding at any time do not in the aggregate exceed $500,000 and # the obligations of any Wholly-Owned Subsidiary under office space leases for space used by such Wholly-Owned Subsidiary.

Contingent Obligations. Neither the Company nor any of its Subsidiaries shall directly or indirectly create or become or be liable with respect to any Contingent Obligation, except: # recourse obligations resulting from endorsement of negotiable instruments for collection in the ordinary course of business; # Permitted Existing Contingent Obligations, together with replacement Contingent Obligations (on substantially similar terms as the Permitted Existing Contingent Obligations) to the extent of any Permitted Refinancing Indebtedness of the Indebtedness that was the subject of such Permitted Existing Contingent Obligations; # obligations, warranties, guarantees and indemnities, not relating to Indebtedness of any Person, which have been or are undertaken or made in the ordinary course of business and not for the benefit of or in favor of an Affiliate of the Company or such Subsidiary; # Contingent Obligations with respect to surety, appeal and performance bonds obtained by the Company or any Subsidiary in the ordinary course of business, # Contingent Obligations of the Subsidiary Guarantors under the Domestic Subsidiary Guaranty, the Foreign Subsidiary Guaranty or of a Foreign Subsidiary which provides a guarantee (including gross-up amounts for any withholding taxes or capital charges) of the Obligations (as distinguished from solely guaranteeing Drawn Foreign Amounts) under a guaranty of the Indebtedness under the agreements described in clause

Refinancing Debt as long as each Refinancing Condition is satisfied;

to the extent constituting Debt, unsecured reimbursement obligations of such Person owed in connection with the payment of expenses incurred in the Ordinary Course of Business in connection with the financing, management, operation or maintenance of its Property or agreements, provided, that the aggregate outstanding amount of such Debt shall not exceed ​ at any time;

Contingent Obligations. Neither the Company nor any of its Subsidiaries shall directly or indirectly create or become or be liable with respect to any Contingent Obligation, except: # recourse obligations resulting from endorsement of negotiable instruments for collection in the ordinary course of business; # Permitted Existing Contingent Obligations, together with replacement Contingent Obligations (on substantially similar terms as the Permitted Existing Contingent Obligations) to the extent of any Permitted Refinancing Indebtedness of the Indebtedness that was the subject of such Permitted Existing Contingent Obligations; # obligations, warranties, guarantees and indemnities, not relating to Indebtedness of any Person, which have been or are undertaken or made in the ordinary course of business and not for the benefit of or in favor of an Affiliate of the Company or such Subsidiary; # Contingent Obligations with respect to surety, appeal and performance bonds obtained by the Company or any Subsidiary in the ordinary course of business, # Contingent Obligations of the Subsidiary Guarantors under the Domestic Subsidiary Guaranty, the Foreign Subsidiary Guaranty or of a Foreign Guarantor under a guaranty of the Indebtedness under the agreements described in clause (vi) below, # Contingent Obligations of the Subsidiary Guarantors or any of the Company’s other Subsidiaries under any guaranty of the Indebtedness arising under the 2013 Senior Notes, the 2016 Senior Notes, the 2018 Senior Notes, the 2013 Note Agreement, the 2016 Senior Note Agreement, the 2018 Senior Note Agreement or any other senior (unsubordinated) credit, loan or borrowing facility or senior (unsubordinated) note purchase agreement similar in form and substance to any of the foregoing and in a principal amount equal to or greater than $50,000,000, so long as the creditors under such facility or note purchase agreement agree to be bound by the terms of the Intercreditor Agreement, # obligations arising under or related to the Loan Documents, # Contingent Obligations arising in connection with Receivables Facility Attributed Indebtedness permitted under Section 7.3(A); # Contingent Obligations of the Company or any Subsidiary arising from the guaranty of Indebtedness of the Company or any Subsidiary, as applicable, to the extent such Indebtedness was permitted pursuant to Section 7.3(A); # Contingent Obligations in respect of representations and warranties customarily given in respect of Asset Sales otherwise permitted hereunder; and # Contingent Obligations, in an aggregate amount not to exceed $200,000,000 at any time outstanding, arising as a result of the guaranty of any Indebtedness not described in [clauses (i) through (x) hereof] and otherwise permitted under Section 7.3(A).

Refinancing Debt as long as each Refinancing Condition is satisfied;

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