Limitation on Additional Debt. The Borrower will not consent to, authorize, issue and/or incur any additional Debt payable from or secured by the Collateral without the prior written consent of the Lender.
Limitation on Additional Debt. (a) The Company shall not, and shall not cause or permit any of its Restricted Subsidiaries to, directly or indirectly, incur any Debt (including, without limitation, any Acquired Debt), except Permitted Debt and except that, if no Default or Event of Default shall have occurred and be continuing at the time or as a consequence of the incurrence of such Debt, the Company or any Restricted Subsidiary may incur Debt (including any Acquired Debt) if the Company’s Consolidated Fixed Charge Coverage Ratio is at least 2.0 to 1. Even if the Company’s Consolidated Fixed Charge Coverage Ratio is less than 2.0 to 1, the Company and its Restricted Subsidiaries may incur Permitted Debt.
Limitation on Additional Debt. Until the full principal amount of the Surplus Notes and any interest incurred thereon has been paid to the Holders, the Issuer shall not issue any debt obligations (i) to which the Surplus Notes would be subordinated or with which they would rank pari passu or (ii) the principal of which is payable, in whole or in part, prior to the payment in full of the principal of the Surplus Notes and interest incurred thereon.
Limitation on Additional Debt. The City will not incur any obligation or liability (including Indebtedness) after the date hereof that is a charge, Lien or encumbrance upon the General Airport Revenues unless the City provides the Bank with a certificate of an Authorized Representative to the effect (and containing supporting calculations) that (i) projected Net General Airport Revenues plus Other Available Funds shall at all times exceed (A)
Limitation on Additional Debt. The Company shall not, and shall not cause or permit any of its Restricted Subsidiaries to, directly or indirectly, incur (as defined) any Debt (including, without limitation, any Acquired Debt), except Permitted Debt and except that, if no Default or Event of Default shall have occurred and be continuing at the time or as a consequence of the incurrence of such Debt, the Company or any Restricted Subsidiary may incur Debt (including any Acquired Debt) if the Company's Consolidated Fixed Charge Coverage Ratio is at least 2.0 to 1. Even if the Company's Consolidated Fixed Charge Coverage Ratio is less than 2.0 to 1, the Company and its Restricted Subsidiaries may incur Permitted Debt. For purposes of determining compliance with this Section 4.06, in the event that an item of Debt meets the criteria of more than one of the categories of Permitted Debt described in clauses (i) through (xii) of the definition thereof or is entitled to be incurred pursuant to the first paragraph of this Section 4.06, the Company shall classify such Debt in its sole discretion, and such item of Debt will be treated as having been incurred pursuant to only one of such clauses or pursuant to the first paragraph of this Section 4.06. Accrual of interest, the accretion of accreted value and the payment of interest in the form of additional Debt, in each case in accordance with the terms of the underlying Debt at its time of incurrence by the Company or a Restricted Subsidiary, as the case may be, will not be deemed to be an incurrence of Debt for purposes of this Section 4.06; PROVIDED that the underlying Debt is incurred in accordance with the terms of this Indenture. Any increase in the Canadian dollar equivalent of outstanding Debt of the Company or any of its Restricted Subsidiaries denominated in a currency other than Canadian dollars resulting from fluctuations in the exchange values of currencies shall not be deemed to be an incurrence of Debt for purposes of this Section 4.06; PROVIDED that the amount of Debt of the Company outstanding at any time shall be the Canadian dollar equivalent of all such Debt of the Company outstanding at such time.
Limitation on Additional Debt. The Authority will not issue and/or incur any additional Senior Lien Debt, Parity Debt or Subordinate Obligations, unless (i) the Maximum Annual Debt Service Coverage Ratio after giving effect to the issuance of such additional Senior Lien Debt, Parity Debt or Subordinate Obligations will be at least equal to 130%, (ii) with respect to Senior Lien Debt and Parity Debt, the Maximum Annual Debt Service Coverage Ratio after giving effect to the issuance of such additional Senior Lien Debt or Parity Debt will be at least equal to 150% and (iii) the Authority remains in compliance with the Program Documents and this Section 8.13. Promptly, and in any event within ten (10) Business Days following the issuance or incurrence of any Senior Lien Debt, Parity Debt or Subordinate Obligations, the Authority shall deliver to the Lender a certification executed by the Authority’s duly appointed and acting Executive Director, Chief Deputy Director or Deputy Director for Finance & Administration as to compliance with all debt service coverage ratios that are required to be satisfied as a condition precedent to the issuance or incurrence of said Senior Lien Debt, Parity Debt or Subordinate Obligations. Notwithstanding the foregoing, the Authority will not issue any additional Senior Lien Debt, Parity Debt or Subordinate Obligations unless and until the following conditions have been satisfied: (i) no Event of Default shall have occurred and then be continuing (provided, however, that this clause (i) shall not preclude the Authority from issuing Senior Lien Debt, Parity Debt or Subordinate Obligations from and after the occurrence of an Event of Default if contemporaneously with the issuance of such indebtedness, this Agreement is terminated and all Obligations due and owing hereunder have been paid in full);
Limitation on Additional Debt. During the period in which the Holder together with its Affiliates continues to hold the Minimum Threshold:
Limitation on Additional Debt. Borrower shall not create, assume, incur or suffer to exist any Liabilities other than
Limitation on Additional Debt. The Company shall not incur any Debt other than (i) Permitted Indebtedness or (ii) Debt incurred under the Senior Secured Credit Facility. For purposes of this Section 3.22, Debt shall only include the obligations listed in clauses (a) through (e), (g), and (i) through (k) of the definition of Debt in Section 1.1.
Limitation on Additional Debt. Garden State and its Restricted Subsidiaries may not, directly or indirectly, Issue (including through any merger or consolidation to which Garden State or such Restricted Subsidiary is a party) any Debt, except that Garden State and/or its Restricted Subsidiaries may Issue Debt if (i) no Default or Event of Default shall have occurred and be continuing at such time or shall occur as a result of such issuance and (ii) at the time such Debt is so Issued and after giving effect thereto and to the application of the net proceeds therefrom, the Leverage Ratio of Garden State shall not be greater than 6.75 to 1, if such Debt is Issued on or prior to December 31, 1999, 6.25 to 1, if such Debt is Issued after December 31, 1999, but on or prior to December 31, 2001, and 6.0 to 1 if such Debt is Issued thereafter.
