Common use of Limitation on Contingent Obligations Clause in Contracts

Limitation on Contingent Obligations. Create, incur, assume or suffer to exist any Contingent Obligation except: (a) the Guarantees; (b) other guarantees by the Company incurred in the ordinary course of business for an aggregate amount not to exceed $20,000,000 at any one time; (c) guarantees by the Company of obligations of its Subsidiaries; (d) Contingent Obligations existing on the Closing Date and described in Schedule 8.3(d); 73 68 (e) guarantees of obligations to third parties in connection with relocation of employees of the Company or any of its Subsidiaries, in an amount which, together with all loans and advances made pursuant to subsection 8.6(f), shall not exceed $4,000,000 at any time outstanding; (f) Contingent Obligations in connection with workers' compensation obligations and general liability exposure of the Company and its Subsidiaries; and (g) subordinated guarantees of the Permanent Subordinated Debt issued by Subsidiaries of the Company which have also issued Guarantees, provided such subordinated guarantees are subordinated to the Guarantees on the same basis as the Permanent Subordinated Debt is subordinated to the Loans; (h) guarantees by the Company of loans to employees of the Company and its Subsidiaries, the proceeds of which are used to purchase stock of Holdings, in an aggregate amount not to exceed, when added to the amount of loans made by the Company to employees pursuant to subsection 8.6(g), at any one time outstanding $8,000,000; and (i) guarantees by the Company of loans to employees of the Company and its Subsidiaries, the proceeds of which are used for travel and other ordinary expenses for which advances to employees are generally made, in an aggregate amount not to exceed, when added to the amount of loans made by the Company to employees pursuant to subsection 8.6(i), at any one time outstanding $1,000,000.

Limitation on Contingent Obligations. Create, incur, assume or suffer to exist any Contingent Obligation except: (a) the GuaranteesGuarantee and Collateral Agreement; (b) other guarantees by the Company incurred in the ordinary course of business for an aggregate amount not to exceed $20,000,000 at any one time; (c) guarantees by the Company of obligations of its Subsidiaries; (d) Contingent Obligations existing on the Closing Date and described in Schedule 8.3(d); 73 68; (e) guarantees of obligations to third parties in connection with relocation of employees of the Company or any of its Subsidiaries, in an amount which, together with all loans and advances made pursuant to subsection 8.6(f), shall not exceed $4,000,000 at any time outstanding; (f) Contingent Obligations in connection with workers' compensation obligations and general liability exposure of the Company and its Subsidiaries; and (g) subordinated guarantees of the Permanent Subordinated Debt issued by Subsidiaries of the Company which have are also issued Guaranteesparties to the Guarantee and Collateral Agreement, provided such subordinated guarantees are subordinated to the Guarantees Guarantee and Collateral Agreement on the same basis as the Permanent Subordinated Debt is subordinated to the Loans; (h) guarantees of the Senior Unsecured Notes issued by Subsidiaries of the Company which are also parties to the Guarantee and Collateral Agreement; (i) guarantees by the Company of loans to employees of the Company and its Subsidiaries, the proceeds of which are used to purchase stock of Holdings, in an aggregate amount not to exceed, when added to the amount of loans made by the Company to employees pursuant to subsection 8.6(g), at any one time outstanding $8,000,000; and (ij) guarantees by the Company of loans to employees of the Company and its Subsidiaries, the proceeds of which are used for travel and other ordinary expenses for which advances to employees are generally made, in an aggregate amount not to exceed, when added to the amount of loans made by the Company to employees pursuant to subsection 8.6(i), at any one time outstanding $1,000,000.

Limitation on Contingent Obligations. Create, incur, assume or suffer to exist any Contingent Obligation except: (a) the Guarantees; (b) other guarantees by the Company incurred in the ordinary course of business for an aggregate amount not to exceed $20,000,000 4,000,000 at any one time; (c) guarantees by the Company of obligations of its Subsidiaries; (d) Contingent Obligations existing on the Closing Date and described in Schedule 8.3(d); 73 68; (e) guarantees of obligations to third parties in connection with relocation of employees of the Company or any of its Subsidiaries, in an amount which, together with all loans and advances made pursuant to subsection 8.6(f), shall not exceed $4,000,000 at any time outstanding; (f) Contingent Obligations in connection with workers' workmen's compensation obligations and general liability exposure of the Company and its Subsidiaries; and (g) subordinated guarantees of the Permanent Subordinated Debt issued by Subsidiaries of the Company which have also issued Guarantees, provided such subordinated guarantees are subordinated to the Guarantees on the same basis as the Permanent Subordinated Debt is subordinated to the Loans; (h) guarantees by the Company of loans to employees of the Company and its Subsidiaries, the proceeds of which are used to purchase stock of Holdings, in an aggregate amount not to exceed, when added to the amount of loans made by the 70 65 Company to employees pursuant to subsection 8.6(g), at any one time outstanding $8,000,000; and (i) guarantees by the Company of loans to employees of the Company and its Subsidiaries, the proceeds of which are used for travel and other ordinary expenses for which advances to employees are generally made, in an aggregate amount not to exceed, when added to the amount of loans made by the Company to employees pursuant to subsection 8.6(i), at any one time outstanding $1,000,000.

Limitation on Contingent Obligations. Create, incur, assume or suffer to exist any Contingent Obligation except: (a) the Guarantees; (b) other guarantees by the Company incurred in the ordinary course of business for an aggregate amount not to exceed $20,000,000 2,000,000 at any one time; (c) guarantees by the Company or any Domestic Subsidiary (i) of obligations of its SubsidiariesDomestic Subsidiaries and (ii) of obligations of its Foreign Subsidiaries in an aggregate principal amount not to exceed $10,000,000, as reduced by amounts outstanding in accordance with subsections 8.1(c)(iii), 8.1(g) or 8.6(b)(iii), provided that such $10,000,000 amount may be increased by up to $25,000,000 (subject to reduction as provided herein) the proceeds of which incremental amount shall be used for (x) Capital Expenditures (which shall be subject to subsection 8.7) for the 72 acquisition of production plants and/or production assets and (y) for production related costs (including, without limitation, costs related to personnel and inventory); (d) Contingent Obligations existing on the Closing Date and described in Schedule 8.3(d); 73 68; (e) guarantees of obligations to third parties in connection with relocation of employees of the Company or any of its Subsidiaries, in an amount which, together with all loans and advances made pursuant to subsection 8.6(f), shall not exceed $4,000,000 2,000,000 at any time outstanding; (f) Contingent Obligations in connection with workers' workmen's compensation obligations and general liability exposure of the Company and its Subsidiaries; and (g) subordinated guarantees in respect of the Permanent Subordinated Debt issued by Subsidiaries of the Company which have also issued Guarantees, provided such subordinated guarantees are subordinated to the Guarantees on the same basis as the Permanent Subordinated Debt is subordinated to the Loans; (h) guarantees by the Company of loans to employees of the Company and its Subsidiaries, the proceeds of which are used to purchase stock of Holdings, in an aggregate amount not to exceed, when added to the amount of loans made by the Company to employees pursuant to subsection 8.6(g), at any one time outstanding $8,000,000; and (i) guarantees by the Company of loans to employees of the Company and its Subsidiaries, the proceeds of which are used for travel and other ordinary expenses for which advances to employees are generally made, in an aggregate amount not to exceed, when added to the amount of loans made by the Company to employees pursuant to subsection 8.6(i), at any one time outstanding $1,000,000.