Common use of Incurrence of Indebtedness and Issuance of Disqualified Stock Clause in Contracts

Incurrence of Indebtedness and Issuance of Disqualified Stock. (a) The Company shall not, and shall not cause or permit any of its Restricted Subsidiaries to, create, issue, incur, assume, guarantee or otherwise in any manner become directly or indirectly liable for the payment of or otherwise incur, contingently or otherwise (collectively, “ incur”), any Indebtedness (including any Acquired Debt and the issuance of Disqualified Stock or the issuance of Preferred Stock by a Restricted Subsidiary), unless such Indebtedness is incurred by the Company or any Guarantor and, in each case, the Company’s Consolidated Fixed Charge Coverage Ratio for the most recent four full fiscal quarters for which financial statements are available immediately preceding the incurrence of such Indebtedness taken as one period is equal to or greater than 2.25:1.

Appears in 2 contracts

Samples: Indenture (Brigham Exploration Co), Indenture (Brigham Exploration Co)

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Incurrence of Indebtedness and Issuance of Disqualified Stock. (a) The Company shall will not, and shall will not cause or permit any of its Restricted Subsidiaries to, create, issue, incur, assume, guarantee or otherwise in any manner become directly or indirectly liable for the payment of or otherwise incur, contingently or otherwise (collectively, incur”), any Indebtedness (including any Acquired Debt Indebtedness and the issuance of Disqualified Stock or the issuance of Preferred Stock by a Restricted SubsidiaryStock), unless such Indebtedness is incurred by the Company or any Subsidiary Guarantor or constitutes Acquired Indebtedness of a Restricted Subsidiary and, in each case, the Company’s Consolidated Fixed Charge Coverage Ratio for the most recent four full fiscal quarters for which financial statements are publicly available immediately preceding the incurrence of such Indebtedness taken as one period is at least equal to or greater than 2.25:12.00:1.

Appears in 1 contract

Samples: Indenture (Central Credit, LLC)

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Incurrence of Indebtedness and Issuance of Disqualified Stock. (a) The Company shall not, and shall not cause or permit any of its Restricted Subsidiaries to, create, issue, incur, assume, guarantee or otherwise in any manner become directly or indirectly liable for the payment of or otherwise incur, contingently or otherwise (collectively, incur”), any Indebtedness (including any Acquired Debt Indebtedness and the issuance of Disqualified Stock or the issuance of Preferred Stock by a Restricted SubsidiaryStock), unless such Indebtedness is incurred by the Company Company, Xxxxx Xxxxx GP or any Guarantor and, in each case, the Company’s Consolidated Fixed Charge Coverage Ratio for the most recent four full fiscal quarters for which financial statements are available immediately preceding the incurrence of such Indebtedness taken as one period is at least equal to or greater than 2.25:12:1.

Appears in 1 contract

Samples: Indenture (Duane Reade Inc)

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