Indebtedness. Create, incur, assume or suffer to exist any Indebtedness unless # no Default has occurred and is continuing immediately before and immediately after the incurrence of such Indebtedness and # immediately after giving effect to the incurrence of such Indebtedness, the Loan Parties shall be in compliance, on a pro forma basis, with the provisions of Section 7.11.
. The Borrower shall not, nor shall it permit any Subsidiary to, directly or indirectly, create, incur, assume or suffer to exist any Indebtedness, unless # no Event of Default has occurred and is continuing immediately before and after the incurrence of such Indebtedness and # immediately after giving effect to the incurrence of such Indebtedness the Borrower shall be in compliance, on a pro forma basis, with the provisions of [Section 7.11].
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