Common use of Debt of Restricted Subsidiaries Clause in Contracts

Debt of Restricted Subsidiaries. The Company will not permit any Restricted Subsidiary that is not a Subsidiary Guarantor to create, assume, incur or otherwise become liable for, directly or indirectly, any Debt, other than:

Appears in 2 contracts

Samples: Note Purchase Agreement (Elkcorp), Note Purchase Agreement (Elkcorp)

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Debt of Restricted Subsidiaries. The Company will not at any time permit any Restricted Subsidiary that is not a Subsidiary Guarantor to create, assume, incur or otherwise become liable forto, directly or indirectly, create, incur, assume, guarantee, have outstanding, or otherwise become or remain directly or indirectly liable with respect to, any Debt, Debt other than:

Appears in 2 contracts

Samples: Guaranty Agreement (Oil-Dri Corp of America), Note Purchase Agreement (Oil Dri Corporation of America)

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