Common use of Indebtedness of Foreign Subsidiaries Clause in Contracts

Indebtedness of Foreign Subsidiaries. The Borrower will not permit any of its direct or indirect Foreign Subsidiaries (other than any Foreign Subsidiary which is a member of the Afripa Group) to create, incur, assume or permit to exist any Indebtedness in excess of $20,000,000 in the aggregate at any one time outstanding, other than any such Indebtedness which is non‑recourse to the Borrower or any of its U.S. or Foreign Subsidiaries (other than the Foreign Subsidiary which incurred such Indebtedness).

Indebtedness of Foreign Subsidiaries. The Borrower will not permit any of its direct or indirect Foreign Subsidiaries (other than any Foreign Subsidiary which is a member of the Afripa Group) to create, incur, assume or permit to exist any Indebtedness in excess of $20,000,000 10,000,000 in the aggregate at any one time outstanding, other than any such Indebtedness which is non‑recourse non-recourse to the Borrower or any of its U.S. or Foreign Subsidiaries (other than the Foreign Subsidiary which incurred such Indebtedness)Subsidiaries.

Indebtedness of Foreign Subsidiaries. The Borrower will not permit any of its direct or indirect Foreign Subsidiaries (other than any Foreign Subsidiary which is a member of the Afripa Group) to create, incur, assume or permit to exist any Indebtedness in excess of $20,000,000 10,000,000 in the aggregate at any one time outstanding, other than any such Indebtedness which is non‑recourse non-recourse to the Borrower or any of its U.S. or Foreign Subsidiaries (other than the Foreign Subsidiary which incurred such Indebtedness)Subsidiaries.