Common use of Indebtedness of any Clause in Contracts

Indebtedness of any. Foreign Subsidiary that is a Subsidiary of the Borrower to the Borrower or any domestic Subsidiary of the Borrower in an aggregate principal amount outstanding at any time not in excess of $30,000,000; provided that if the Administrative Agent or Required Lenders so request, any such Indebtedness shall be evidenced by a promissory note which shall be in form and substance satisfactory to the Administrative Agent and which shall be pledged pursuant to the Pledge Agreement (so long as such pledge would not result in adverse tax consequences to Holdings, the Borrower or the applicable Subsidiary);

Appears in 3 contracts

Samples: Credit Agreement (Graham Packaging Co), Credit Agreement (Graham Packaging Holdings Co), Credit Agreement (Graham Packaging Holdings Co)

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Indebtedness of any. Foreign Subsidiary that is a Subsidiary of the Borrower to the Borrower or any domestic Subsidiary of the Borrower in an aggregate principal amount outstanding at any time not in excess of $30,000,00060,000,000; provided that if the Administrative Agent or Required Lenders so request, any such Indebtedness shall be evidenced by a promissory note which shall be in form and substance satisfactory to the Administrative Agent and which shall be pledged pursuant to the Pledge Agreement (so long as such pledge would not result in adverse tax consequences to Holdings, the Borrower or the applicable Subsidiary);

Appears in 1 contract

Samples: Credit Agreement (Graham Packaging Holdings Co)

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Indebtedness of any. Foreign Subsidiary that is a Subsidiary of the Borrower Borrower, to the Borrower or any domestic Subsidiary of the Borrower Borrower, in an aggregate principal amount outstanding at any time not in excess of $30,000,000; provided that if the Administrative Agent or Required Lenders so request, any such Indebtedness shall be evidenced by a promissory note which shall be in form and substance satisfactory to the Administrative Agent and which shall be pledged pursuant to the Pledge Agreement (so long as such pledge would not result in adverse tax consequences to Holdings, the Borrower or the applicable Subsidiary);; and

Appears in 1 contract

Samples: Credit Agreement (Graham Packaging Holdings Co)

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