Common use of Limitation of Total Indebtedness Clause in Contracts

Limitation of Total Indebtedness. Neither the Company nor any of its Subsidiaries or Affiliates shall incur additional Indebtedness if, at the time such Indebtedness is incurred and after giving effect thereto and to any concurrent reduction of Indebtedness, Combined Indebtedness would exceed 400% of Combined Tangible Net Worth.

Appears in 3 contracts

Samples: Loan Agreement (Sjit Inc), Loan Agreement (NPR Inc), Loan Agreement (Sjit Inc)

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Limitation of Total Indebtedness. Neither the Company nor any of its Subsidiaries or Affiliates shall incur additional Indebtedness if, at the time such Indebtedness is incurred and after giving effect thereto and to any concurrent reduction of Indebtedness, Combined Indebtedness would shall not exceed 400% of Combined Tangible Net Worth.

Appears in 1 contract

Samples: Loan Agreement (Sjit Inc)

Limitation of Total Indebtedness. Neither the Company nor any of its Subsidiaries or Affiliates shall incur additional Indebtedness if, at the time such Indebtedness is incurred and after giving effect thereto and to any concurrent reduction of Indebtedness, Combined Indebtedness would exceed 400% of Of Combined Tangible Net Worth.

Appears in 1 contract

Samples: Loan Agreement (Sjit Inc)

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Limitation of Total Indebtedness. Neither the Company Xxxx nor any of its Subsidiaries or Affiliates Affiliates, including the Company and the other Guarantors, shall incur additional Indebtedness if, at the time such Indebtedness is incurred and after giving effect thereto and to any concurrent reduction of Indebtedness, Combined Indebtedness would exceed 400% of Combined Tangible Net Worth.

Appears in 1 contract

Samples: Installment Sale Agreement (NPR Inc)

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