Indebtedness of Restricted Subsidiaries. The Borrower will not permit any of its Restricted Subsidiaries to, create, incur, assume or permit to exist any Indebtedness, except:
Indebtedness of Restricted Subsidiaries. The Tenant shall not permit any Restricted Subsidiary of Tenant at any time to create, assume, incur, guarantee or otherwise become liable, directly or indirectly, for any Indebtedness, except:
Indebtedness of Restricted Subsidiaries. SECTION 9.12(a) LEVERAGE RATIO
Indebtedness of Restricted Subsidiaries. The Company will not permit any Restricted Subsidiaries, directly or indirectly, to create, incur, assume or suffer to exist any Indebtedness (which for purposes of this covenant shall include, without duplication, Guarantee Obligations) unless immediately thereafter the aggregate amount of (x) all Indebtedness of Restricted Subsidiaries (excluding (A) any Guarantee Obligations in respect of Indebtedness under the Credit Facility, and (B) Indebtedness owed to the Company or a Restricted Subsidiary, including any renewal or replacement of any of the obligations under clauses (A) or (B)), (y) the aggregate amount of indebtedness secured by Liens permitted under clause (11) of the definition of “Permitted Liens” contained in the Indenture and (z) the discounted present value of all net rentals payable under leases covered by Section 4.08 of the Indenture (and not expressly excluded therefrom) would not exceed the greater of $300 million or 15% of Consolidated Net Worth; provided, however, that, solely, for the purposes of this covenant, Indebtedness shall not include indebtedness incurred in connection with (a) overdraft or similar facilities related to settlement, clearing and related activities by a Restricted Subsidiary in the ordinary course of business consistent with past practice, (b) Purchased Receivables Financings, (c) to the extent the same constitutes Indebtedness, obligations in respect of net capital adjustments and/or earn-out arrangements pursuant to a purchase or acquisition otherwise permitted under the Indenture, (d) obligations under performance bonds, surety bonds and letter of credit obligations to provide security for worker’s compensation claims or other statutory obligations and obligations in respect of bank overdrafts not more than two days overdue, in each case, incurred in the ordinary course of business, (e) indebtedness owing to insurance companies to finance insurance premiums incurred in the ordinary course of business and (f) Guarantee Obligations with respect to Indebtedness and other liabilities otherwise permitted under the Indenture; and provided, further, that any Indebtedness of a Person (i) existing at the time such Person becomes a Restricted Subsidiary or is merged with or into the Company or a Restricted Subsidiary or other entity or (ii) assumed by the Company or a Subsidiary in connection with the acquisition of all or a portion of the business of such Person, shall not be deemed to be Indebtedness created, incurr...
Indebtedness of Restricted Subsidiaries. The Company will not permit any Restricted Subsidiary that is not a Subsidiary Guarantor to create, assume, incur, guarantee or otherwise become liable, directly or indirectly, for any Indebtedness, except:
Indebtedness of Restricted Subsidiaries that are not Loan Parties; provided that the aggregate outstanding principal amount of such Indebtedness shall not exceed the greater of $50,000,000 and 15% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period;
Indebtedness of Restricted Subsidiaries. (other than Credit Parties) in an aggregate amount not to exceed $125,000,000 with respect to Receivables Facilities and Receivables Indebtedness.
Indebtedness of Restricted Subsidiaries. (other than Indebtedness permitted to be Incurred pursuant to any other clause of this Section 4.03(b)) in an aggregate principal amount on the date of Incurrence that, when added to all other Indebtedness Incurred pursuant to this clause (viii) and then outstanding, will not exceed $5,000,000; or
Indebtedness of Restricted Subsidiaries. During such time as ONE Gas is an Unregulated Restricted Subsidiary and the ONE Gas Senior Notes are outstanding, the outstanding principal amount of Indebtedness permitted pursuant to Section 7.03(e) of the Credit Agreement shall be equal to the sum of (i) the Section 7.03(e) Basket Amount, and (ii) the principal amount outstanding under the ONE Gas Senior Notes. During such time as ONE Gas is a Regulated Restricted Subsidiary and the ONE Gas Senior Notes are outstanding, the outstanding principal amount of Indebtedness permitted pursuant to Section 7.03(f) of the Credit Agreement shall be equal to the sum of (i) the Section 7.03(f) Basket Amount, and (ii) the principal amount outstanding under the ONE Gas Senior Notes. “Section 7.03(e) Basket Amount” and “Section 7.03(f) Basket Amount” means the amount of Indebtedness permitted by Section 7.03(e) and 7.03(f), respectively, of the Credit Agreement, in each case determined without reference to this Section 2.
Indebtedness of Restricted Subsidiaries. Incurred to finance the replacement or expansion of facilities, including, without limitation, equipment used in a Related Business in an amount, when added to all other Indebtedness incurred pursuant to this clause (xiv) and then outstanding, not to exceed $25,000,000; and
