Common use of Funded Indebtedness Limitation Clause in Contracts

Funded Indebtedness Limitation. At no time shall the Company permit the ratio of (i) Consolidated Funded Indebtedness of the Company and its Restricted Subsidiaries to (ii) Consolidated Capitalization to exceed 0.55 to 1.00; provided that for purposes of this Section 10.1(b) all Indebtedness secured pursuant to the provisions of Sections 10.3(b), (c) and (d) shall constitute Funded Indebtedness.

Appears in 5 contracts

Samples: Note Purchase Agreement (Stepan Co), Stepan Co, Stepan Co

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Funded Indebtedness Limitation. At no time shall the Company ------------------------------ permit the ratio of (i) Consolidated Funded Indebtedness of the Company and its the Restricted Subsidiaries to (ii) Consolidated Capitalization to exceed 0.55 to 1.00; provided that for purposes of this Section 10.1(b6.3(B) all Indebtedness secured -------- obligations incurred pursuant to the provisions of Sections 10.3(b6.18(2), (c) 3), and (d4) shall constitute Funded Indebtedness.

Appears in 1 contract

Samples: Revolving Credit Agreement (Stepan Co)

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Funded Indebtedness Limitation. At no time shall the Company permit the ratio of (i) Consolidated Funded Indebtedness of the Company and its the Restricted Subsidiaries to (ii) Consolidated Capitalization to exceed 0.55 to 1.00; provided that for purposes of this Section 10.1(b6.3(B) all Indebtedness secured obligations incurred pursuant to the provisions of Sections 10.3(b6.18(2), (c) 3), and (d4) shall constitute Funded Indebtedness.

Appears in 1 contract

Samples: Revolving Credit Agreement (Stepan Co)

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