Example ContractsClausesFunded Indebtedness
Funded Indebtedness
Funded Indebtedness contract clause examples
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Indebtedness. Borrower shall not create, incur, assume, guarantee or be or remain liable with respect to any Indebtedness, or permit any Subsidiary to do so, other than Permitted Indebtedness, or prepay any Subordinated Indebtedness, prepay the PPP Loan or take any actions which impose on Borrower an obligation to prepay any Subordinated Indebtedness or prepay the PPP Loan, except for # the conversion of Indebtedness into equity securities and the payment of cash in lieu of fractional shares in connection with such conversion, # purchase money Indebtedness pursuant to its then applicable payment schedule, # prepayment by any Subsidiary of # inter-company Indebtedness owed by such Subsidiary to any Borrower, or # if such Subsidiary is not a Borrower, intercompany Indebtedness owed by such Subsidiary to another Subsidiary that is not a Borrower, # payments of principal and interest under the PPP Loan pursuant to the payment schedule as of the closing date of such loan, # as otherwise permitted hereunder or approved in writing by Agent, or # the Indebtedness under the Loan Documents pursuant to Section 2.5.

Indebtedness. Create, incur, assume or suffer to exist, or make any payments with respect to, any indebtedness for borrowed money other than:

Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, at any time create, incur, assume or suffer to exist any Indebtedness, except:

The Borrowers and their Subsidiaries have no Indebtedness except as otherwise permitted by this Credit Agreement.

Indebtedness. Create, incur, guarantee, assume or be or remain liable with respect to any Indebtedness, or permit any Subsidiary so to do, other than Permitted Indebtedness.

Indebtedness. No Borrower shall incur any additional material Indebtedness (other than # the Indebtedness specified on [Schedule 6.01(r)] hereto; # usual and customary accounts payable for a mortgage company; # Indebtedness incurred in connection with new or existing secured lending facilities; and # Indebtedness incurred in connection with an intercompany lending agreement) without the prior written consent of Lender. No Borrower shall enter into any other financing facility with a lender other than the Lender to provide for the financing of Freddie Mac Servicing Rights.

Indebtedness. If the Parent or any of its Subsidiaries issues or incurs any Indebtedness (except as permitted under Section 7.03), the Borrowers shall immediately prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to 100% of the Net Cash Proceeds of such issuance or incurrence on the same day such Net Cash Proceeds are received by the Parent or such Subsidiary.

Indebtedness. The Aggregate Commitments shall be automatically reduced concurrently with, and by an amount equal to, any prepayment made pursuant to [Section 2.06(b)(iii)] (but not from any prepayment made pursuant to [Sections 2.06(b)(i), (ii) or (iv)])])]).

Indebtedness. Directly or indirectly, create, incur, assume or guaranty, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness (including any Indebtedness consisting of obligations evidenced by a bond, debenture, note or other similar instrument) that is not Permitted Indebtedness; provided, however, that the accrual of interest, the accretion of accreted value and the payment of interest in the form of additional Indebtedness shall not be deemed to be an incurrence of Indebtedness for purposes of this Section 6.4.

Indebtedness. Directly or indirectly, create, incur, assume or suffer to exist any Indebtedness, in the case of Holdings, issue any shares of Disqualified Stock or, in the case of any Restricted Subsidiary, issue any shares of Disqualified Stock or preferred stock, except:

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