Common use of Debt of Subsidiaries Clause in Contracts

Debt of Subsidiaries. Total Debt of all Subsidiaries (excluding Debt of a Subsidiary to the Borrower or to a wholly owned Subsidiary) will not, on the date of incurrence of any portion of such Debt, exceed the greater of (x) $50,000,000 or (y) 10% of Consolidated Tangible Net Worth at such date.

Debt of Subsidiaries. Total Debt of all Subsidiaries (excluding (i) Debt of a Subsidiary to the Borrower Guarantor or to a wholly owned SubsidiarySubsidiary and (ii) the Guaranteed Obligations) will not, on the date of incurrence of any portion of such Debt, exceed the greater of (x) $50,000,000 or (y) 10% of Consolidated Tangible Net Worth at such date.

Debt of Subsidiaries. Total Debt of all Subsidiaries (excluding (i) Debt in connection with the Existing Capital Leases and (ii) Debt of a Subsidiary to the Borrower or to a wholly owned Subsidiary) will not, on the date of incurrence of any portion of such Debt, exceed the greater of (x) $50,000,000 or (y) 10% of Consolidated Tangible Net Worth at such date.