Common use of Funded Indebtedness Clause in Contracts

Funded Indebtedness. The Company will not at any time create, assume, incur, guarantee or otherwise become liable, directly or indirectly, for any Funded Indebtedness other than the Notes. The Tenant will not, nor shall it permit any Restricted Subsidiary of Tenant to, at any time, create, assume, incur, guarantee or otherwise become liable, directly or indirectly, for any Funded Indebtedness other than: (a) All existing Funded Indebtedness described in Schedule 5.15; (b) Funded Indebtedness of a Restricted Subsidiary of Tenant owed to the Tenant or to any Wholly-Owned Restricted Subsidiary of Tenant; (c) Funded Indebtedness if, after giving effect to the incurrence of such Funded Indebtedness and to the application of proceeds thereof, Consolidated Funded Indebtedness would not exceed 55% of Total Capitalization as of the end of the most recent fiscal quarter.