Permitted Indebtedness

Permitted Indebtedness. Means (i) Indebtedness evidenced by this Note and (ii) Indebtedness set forth on Schedule A attached hereto.

Permitted Indebtedness. Is: (a) Borrower's indebtedness to Bank under this Agreement or any other Loan Document; (b) Indebtedness existing on the Closing Date and shown on the Schedule; (c) Subordinated Debt; (d) Indebtedness to trade creditors incurred in the ordinary course of business; and (e) Indebtedness secured by Permitted Liens, provided that Indebtedness relating to item (c) of the definition of Permitted Liens shall be limited to the... contemplated equipment financing transaction in the aggregate principal indebtedness amount of $4,000,000 extended by General Electric Credit Corporation. View More

Permitted Indebtedness. Is: (a) During the Non-Formula Period only, each Borrower's indebtedness to the holders of the Senior Secured Convertible Debentures; (b) Each Borrower's indebtedness to Bank under this Agreement or any other Loan Document; (c) Indebtedness existing on the Closing Date and shown on the Schedule; (d) Subordinated Debt; (e) Indebtedness to trade creditors incurred in the ordinary course of business; (f) Indebtedness... secured by Permitted Liens; 18 (g) Indebtedness between any Borrowers who are parties to the Loan Documents; and (h) Extensions, refinancings, modifications, amendments and restatements of any item above, provided that the principal amount is not increased or the terms thereof are not modified to impose more burdensome terms upon Borrowers. View More

Permitted Indebtedness. Has the meaning set forth in the Senior Credit Agreement.

Permitted Indebtedness. Is: (a) Borrower's Indebtedness to Bank under this Agreement or any other Loan Document; (b) (i) any Indebtedness that does not exceed $500,000 in principal amount existing on the Effective Date, and (ii) any Indebtedness in excess of $500,000 in principal amount existing on the Effective Date and shown on the Disclosure Schedule; (c) Subordinated Debt; (d) Indebtedness to trade creditors and with respect to surety bonds and similar obligations; (e) guaranties of Permitted... Indebtedness; (f) Indebtedness between Borrower and any of its Subsidiaries or among any of Borrower's Subsidiaries; (g) Indebtedness with respect to documentary letters of credit; (h) capitalized leases and purchase money Indebtedness secured by Permitted Liens; (i) Indebtedness of entities acquired in any permitted merger or acquisition transaction; View More

Permitted Indebtedness. Means and includes: (i) Indebtedness of Debtor to Secured Party, (ii) Additional Indebtedness arising from the endorsement of instruments in the ordinary course of business, (iii) Additional Indebtedness existing on the date hereof and set forth in Schedule B, (iv) Subordinated Indebtedness, (v) Additional Indebtedness secured by Liens permitted under clause (vi) of the definition of Permitted Liens, and (vi) Additional Indebtedness secured by liens that (A) do not attach to the collateral and... (B) do not exceed, in the aggregate, $10,000,000 in principal, at any time. View More

Permitted Indebtedness. Means (i) the amount permitted by (A) the Permitted Existing Secured Indebtedness and (ii) indebtedness permitted to be incurred under the terms of the Purchase Agreement.

Permitted Indebtedness. Is: (i) Borrower's Indebtedness to Bank under this Agreement; (ii) Indebtedness existing on the Closing Date and shown on the Schedule entitled "permitted indebtedness"; (iii) Indebtedness to trade creditors incurred in the ordinary course of business; (iv) Indebtedness secured by Permitted Liens; (v) Subordinated Debt; and (v) reimbursement obligations not to exceed $200,000 regarding letters of credit issued on behalf of Borrower for the benefit of Borrower's landlords.

Permitted Indebtedness. Is: (a) Borrower's indebtedness to Bank under this Agreement or any other Loan Document; (b) Indebtedness existing on the Closing Date and shown on Schedule 1; (c) Subordinated Debt; (d) Indebtedness to trade creditors incurred in the ordinary course of business; (e) Indebtedness secured by Permitted Liens; (f)... Extensions, refinancing and renewals of any items of Permitted Indebtedness, provided that the principal amount thereof is not increased or the terms thereof modified to impose more burdensome terms upon Borrower; (g) Intercompany loans between NASI, NASI-CA, and NOMOS; and 19 (h) Other Indebtedness in an aggregate amount not to exceed One Hundred Thousand Dollars ($100,000). View More

Permitted Indebtedness. Is: (a) Borrower's indebtedness to Bank under this Agreement or any other Loan Document; (b) Indebtedness existing on the Closing Date and shown on the Schedule; (c) Subordinated Debt; (d) Indebtedness to trade creditors incurred in the ordinary course of business; (e) Indebtedness secured by Permitted Liens; and (f) Contingent Indebtedness relating to... the InfuSystem Guaranty, provided that the aggregate amount of the liability of I-Flow Corporation under the InfuSystem Guaranty shall not exceed $3,500,000 at any time. (g) Indebtedness of InfuSystem under the InfuSystem Credit Facility "PERMITTED INVESTMENTS" are: (a) Investments shown on the Schedule and existing on the Closing Date; and (b) (i) marketable direct obligations issued or unconditionally guaranteed by the United States or its agency or any State maturing within 1 year from its acquisition, (ii) commercial paper maturing no more than 1 year after its creation and having the highest rating from either Standard & Poor's Corporation or Moody's Investors Service, Inc., and (iii) Bank's certificates of deposit issued maturing no more than 1 year after issue. View More