No Additional Debt Clause

Borrowed Debt. Except upon the prior written consent of BANK, Customer shall not directly or indirectly incur or permit to exist any debt of Customer for borrowed money or the lease under a capital lease or deferred purchase price of real or personal property other than: (i) debt to BANK and (ii) debt existing as of the date of and reflected on the last financial statements of Customer submitted to BANK prior to the date hereof and not refinanced by BANK.

Borrowed Debt. Except upon the prior written consent of BANK, Customer shall not directly or indirectly incur or permit to exist any debt of Customer for borrowed money or the lease under a capital lease or deferred purchase price of real or personal property other than: (i) debt to BANK, (ii) debt existing as of the date of and reflected on the last financial statements of Customer submitted to BANK prior to the date hereof and not refinanced by BANK, and (iii) up to [$999,999.00] in the aggregate of other debt.

Borrowed Debt. Except upon the prior written consent of BANK, Customer shall not directly or indirectly incur or permit to exist any debt of Customer for borrowed money or the lease under a capital lease or deferred purchase price of real or personal property other than: (i) debt to BANK, (ii) debt existing as of the date of and reflected on the last financial statements of Customer submitted to BANK prior to the date hereof and not refinanced by BANK, and (iii) up to $________ in the aggregate of other debt in any fiscal year of Customer ending after the date hereof.

Debt. Except upon the prior written consent of BANK, Customer shall not directly or indirectly incur or permit to exist any debt of Customer in excess of $_______ other than: (i) debt to BANK, (ii) accounts and taxes payable in the ordinary course of Customer’s business, and (iii) debt secured by Permitted Liens.

Additional Debt. Except upon the prior written consent of BANK, Customer shall not directly or indirectly incur or permit to exist any debt of Customer other than: (i) debt to BANK, (ii) accounts and taxes payable in the ordinary course of Customer’s business, (iii) debt existing as of the date of and reflected on the last financial statements of Customer submitted to BANK, and (iv) debt secured by Permitted Liens.

Additional Debt. Except upon the prior written consent of BANK, Customer shall not directly or indirectly incur or permit to exist any debt of Customer for borrowed money or leased property aggregating in excess of $________ other than: (i) debt to BANK, (ii) debt existing as of the date of and reflected on the last financial statements of Customer submitted to BANK, and (iv) debt secured by Permitted Liens.

Debt. Customer shall provide written notice to BANK promptly after it has at any time hereafter incurred any debt for borrowed money or entered into any lease of real or personal property involving or having a value of $________ or more; each such notice to specify the amount and terms of such debt or lease and the provider or providers thereof.

Debt and Guaranties. Neither Customer nor any Guarantor shall without the prior written consent of BANK directly or indirectly (i) incur any additional debt aggregating in excess of $_________ (beyond that existing immediately after the Closing Date), or (ii) guaranty the obligations of any other person or entity whatsoever.

Debt and Guaranties. Neither Customer nor any Guarantor shall without the prior written consent of BANK directly or indirectly (i) incur any debt (other than debt to BANK), or (ii) guaranty the obligations of any person or entity whatsoever (other than obligations owing to BANK).

Additional Debt. Except upon the prior written consent of BANK: (i) Customer has not and will not directly or indirectly, during the period between the date of the last financial statements of Customer submitted to BANK prior to the date hereof and the first anniversary of the Closing Date, incur any debt in excess of $_________ other than accounts and taxes payable in the ordinary course of business and debt to BANK; and (ii) from and after the first anniversary of the Closing Date and so long thereafter as there are any Obligations, Customer will not directly or indirectly incur any additional debt (other than accounts and taxes payable in the ordinary course of business and debt to BANK) unless at the time of incurring such debt, the sum of (a) the net income of Customer as reported on Customer’s financial statements for the 4 fiscal quarters immediately preceding the date such debt is incurred, and (b) depreciation and amortization shown on Customer’s said financial statements, exceeds the sum of (x) Customer’s current portion of long term debt as shown on the then latest financial statement of Customer and (y) the annual principal and interest required to be paid on account of such new debt.

Debt Secured by Inventory. The aggregate outstanding debt of Customer secured by a security interest on any of Customer’s Inventory (whether or not also secured by liens or security interests upon other property) shall not exceed an amount equal to __% of the book value of Customer’s Inventory at any time; except that during the months of ___, ___, ___ and ___ of any calendar year, such outstanding debt shall not exceed an amount equal to __% of the book value of Customer’s Inventory.

Guarantor’s Personal Debt. Except upon the prior written consent of BANK, __ shall not directly or indirectly incur or permit to exist any additional personal debt in excess of $_________ in any calendar year.