Capital Lease Obligations and Indebtedness Incurred. in each case, to provide all or a portion of the purchase price or costs of construction of an asset or, in the case of a sale/leaseback transaction as described in Section 8.11, to finance the value of such asset owned by a member of the Consolidated Group, provided that (i) such Indebtedness when incurred shall not exceed the purchase price or cost of construction of such asset or, in the case of a sale/leaseback transaction, the fair market value of such asset, (ii) no such Indebtedness shall be refinanced for a principal amount in excess of the principal balance outstanding thereon at the time of such refinancing plus the reasonable expenses of such refinancing, and (iii) the total amount of all such Indebtedness shall not exceed $5,000,000 at any time outstanding;
Appears in 2 contracts
Samples: Credit Agreement (School Specialty Inc), Credit Agreement (School Specialty Inc)
Capital Lease Obligations and Indebtedness Incurred. in each case, to provide all or a portion of the purchase price or costs of construction of an asset or, in the case of a sale/leaseback transaction as described in Section 8.11, to finance the value of such asset owned by a member of the Consolidated Group, provided that (i) such Indebtedness when incurred shall not exceed the -------- purchase price or cost of construction of such asset or, in the case of a sale/leaseback transaction, the fair market value of such asset, (ii) no such Indebtedness shall be refinanced for a principal amount in excess of the principal balance outstanding thereon at the time of such refinancing plus the reasonable expenses of such refinancing, and (iii) the total amount of all such Indebtedness shall not exceed $5,000,000 10,000,000 at any time outstanding;
Appears in 1 contract
Capital Lease Obligations and Indebtedness Incurred. in each case, to provide all or a portion of the purchase price or costs of construction of an asset or, in the case of a sale/leaseback transaction as described in Section 8.118.10, to finance the value of such asset owned by a member of the Consolidated Group, provided that (i) such Indebtedness when incurred shall not exceed the -------- purchase price or cost of construction of such asset or, in the case of a sale/leaseback transaction, the fair market value of such asset, (ii) no such Indebtedness shall be refinanced for a principal amount in excess of the principal balance outstanding thereon at the time of such refinancing plus the reasonable expenses of such refinancing, and (iii) the total amount of all such Indebtedness shall not exceed $5,000,000 2,000,000 at any time outstanding;
Appears in 1 contract
Samples: Credit Agreement (Access Worldwide Communications Inc)
Capital Lease Obligations and Indebtedness Incurred. in each case, to provide all or a portion of the purchase price or costs of construction of an asset or, in the case of a sale/leaseback transaction as described in Section 8.11, to finance the value of such asset owned by a member of the Consolidated Group, provided that (i) such Indebtedness when incurred shall not exceed the purchase price or cost of construction of such asset or, in the case of a sale/leaseback transaction, the fair market value of such asset, (ii) no such Indebtedness shall be refinanced for a principal amount in excess of the principal balance outstanding thereon at the time of such refinancing plus the reasonable expenses of such refinancing, and (iii) the total amount of all such Indebtedness shall not exceed $5,000,000 2,000,000 at any time outstanding;
Appears in 1 contract
Samples: Credit Agreement (Action Performance Companies Inc)