Common use of Limitation on Indebtedness and Preferred Stock of Restricted Subsidiaries Clause in Contracts

Limitation on Indebtedness and Preferred Stock of Restricted Subsidiaries. The Company shall not permit any Restricted Subsidiary to Incur, directly or indirectly, any Indebtedness or Preferred Stock except:

Appears in 8 contracts

Samples: Execution Copy (Contifinancial Corp), Indenture (Texas Petrochemicals Corp), Joint Operating Agreement (Rutherford-Moran Oil Corp)

AutoNDA by SimpleDocs

Limitation on Indebtedness and Preferred Stock of Restricted Subsidiaries. The Company shall will not permit any Restricted Subsidiary to Incur, or permit to exist with respect to any Restricted Subsidiary, directly or indirectly, any Indebtedness or Preferred Stock except:

Appears in 2 contracts

Samples: Reimbursement Agreement (Contifinancial Corp), Letter of Credit And (Contifinancial Corp)

Limitation on Indebtedness and Preferred Stock of Restricted Subsidiaries. The Company shall not permit any Restricted Subsidiary to Incurto, directly or indirectly, Incur any Indebtedness or issue any Preferred Stock exceptStock, except that a Restricted Subsidiary may Incur the following Indebtedness:

Appears in 1 contract

Samples: Indenture (Inter Act Systems Inc)

Limitation on Indebtedness and Preferred Stock of Restricted Subsidiaries. The Company shall Borrower will not permit any Restricted Subsidiary to Incur, or permit to exist with respect to any Restricted Subsidiary, directly or indirectly, any Indebtedness or Preferred Stock except:

Appears in 1 contract

Samples: Credit Agreement (Contifinancial Corp)

AutoNDA by SimpleDocs

Limitation on Indebtedness and Preferred Stock of Restricted Subsidiaries. (a) The Company shall not permit any Restricted Subsidiary to Incur, directly or indirectly, any Indebtedness or Preferred Stock except:

Appears in 1 contract

Samples: Indenture (Shared Technologies Inc)

Limitation on Indebtedness and Preferred Stock of Restricted Subsidiaries. The Company shall not permit any Restricted Subsidiary to Incurincur, directly or indirectly, any Indebtedness or Preferred Stock except:

Appears in 1 contract

Samples: Indenture (Autobond Acceptance Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.