Common use of Indebtedness and Disqualified Stock Clause in Contracts

Indebtedness and Disqualified Stock. Company will not, and will not permit any of their Subsidiaries to, directly or indirectly, incur, create, assume directly or indirectly, or suffer to exist any Indebtedness (including Disqualified Stock) except: (a) Indebtedness incurred pursuant to this Agreement and the other Loan Documents; (b) Guarantee Obligations with respect to Indebtedness described in clauses (c) through (k) and (n) through (o) below; (c) Indebtedness under the Revolving Credit Facility and any Permitted Refinancing thereof, in each case, in an amount not to exceed the greater of (1) $150,000,000 and (2) the sum of 85% of Accounts Receivable of Company and its Subsidiaries and 65% of Inventory of Company and its Subsidiaries, in each case, as set forth on the most recent financial statements of Company delivered pursuant to Section 7.1;