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

Limitation on Indebtedness and Preferred Stock. (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Indebtedness (including Acquired Indebtedness) and the Company will not permit any of its Restricted Subsidiaries to issue Preferred Stock; provided, however, that the Company may Incur Indebtedness and any of the Subsidiary Guarantors may Incur Indebtedness and issue Preferred Stock if on the date thereof: (1) the Consolidated Coverage Ratio for the Company and its Restricted Subsidiaries is at least 2.25 to 1.00, determined on a pro forma basis (including a pro forma application of proceeds); and (2) no Default would occur as a consequence of, and no Event of Default would be continuing following, Incurring the Indebtedness or its application. (b) Notwithstanding the foregoing, the Company and, to the extent specifically set forth below, the Restricted Subsidiaries may incur each and all of the following: (1) Indebtedness under one or more Credit Facilities of (a) the Company or any Restricted Subsidiary Incurred pursuant to this Section 5.07(b)(1) in an aggregate amount not to exceed the greater of (i) $1.5 billion or (ii) the sum of $500.0 million and 25.0% of the Company’s Adjusted Consolidated Net Tangible Assets determined as of the date of the Incurrence of such Indebtedness after giving effect to the application of the proceeds therefrom;

Limitation on Indebtedness and Preferred Stock. (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Indebtedness (including Acquired Indebtedness) and the Company will not permit any of its Restricted Subsidiaries to issue Preferred Stock; provided, however, that the Company may Incur Indebtedness and any of the Subsidiary Guarantors may Incur Indebtedness and issue Preferred Stock if on the date thereof: (1) the Consolidated Coverage Ratio for the Company and its Restricted Subsidiaries is at least 2.25 to 1.00, determined on a pro forma basis (including a pro forma application of proceeds); and (2) no Default would occur as a consequence of, and no Event of Default would be continuing following, Incurring the Indebtedness or its application. (b) Notwithstanding . The first paragraph of this Section 1111 will not prohibit the foregoing, the Company and, to the extent specifically set forth below, the Restricted Subsidiaries may incur each and all Incurrence of the followingfollowing Indebtedness: (1) Indebtedness under one or more Credit Facilities of (a) the Company or any Restricted Subsidiary Guarantor Incurred pursuant to this Section 5.07(b)(1clause (1) in an aggregate amount not to exceed the greater of (i) $1.5 2.5 billion or (ii) the sum of $500.0 million and 25.0% of the Company’s Adjusted Consolidated Net Tangible Assets determined as of the date of the Incurrence of such Indebtedness after giving effect to the application of the proceeds therefromtherefrom and (b) any Foreign Subsidiary Incurred pursuant to this clause (1) in an aggregate amount not to exceed $50.0 million, in each case outstanding at any one time;

Limitation on Indebtedness and Preferred Stock. (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Indebtedness (including Acquired Indebtedness) and the Company will not permit any of its Restricted Subsidiaries to issue Preferred Stock; provided, however, that the Company may Incur Indebtedness and any of the Subsidiary Guarantors may Incur Indebtedness and issue Preferred Stock if on the date thereof: (1) the Consolidated Coverage Ratio for the Company and its Restricted Subsidiaries is at least 2.25 2.50 to 1.00, determined on a pro forma basis (including a pro forma application of proceeds); and (2) no Default would occur as a consequence of, and no Event of Default would be continuing following, Incurring the Indebtedness or its application. (b) Notwithstanding . The first paragraph of this Section 1111 will not prohibit the foregoing, the Company and, to the extent specifically set forth below, the Restricted Subsidiaries may incur each and all Incurrence of the followingfollowing Indebtedness: (1) Indebtedness under one or more Credit Facilities of (a) the Company or any Restricted Subsidiary Guarantor Incurred pursuant to this Section 5.07(b)(1clause (1) in an aggregate amount not to exceed the greater greatest of (i) $1.5 billion or 250.0 million, (ii) 115% of the sum Borrowing Base in effect at the time of Incurrence and (iii) $500.0 100.0 million and 25.0plus 35% of the Company’s Adjusted Consolidated Net Tangible Assets Modified ACNTA determined as of the date of the Incurrence of such Indebtedness after giving effect to the application of the proceeds therefrom;

Limitation on Indebtedness and Preferred Stock. (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Indebtedness (including Acquired Indebtedness) and the Company will not permit any of its Restricted Subsidiaries to issue Preferred Stock; provided, however, that the Company may Incur Indebtedness and any of the Subsidiary Guarantors may Incur Indebtedness and issue Preferred Stock if on the date thereof: (1) the Consolidated Coverage Ratio for the Company and its Restricted Subsidiaries is at least 2.25 2.50 to 1.00, determined on a pro forma basis (including a pro forma application of proceeds); and (2) no Default would occur as a consequence of, and no Event of Default would be continuing following, Incurring the Indebtedness or its application. (b) Notwithstanding . The first paragraph of this Section 1111 will not prohibit the foregoing, the Company and, to the extent specifically set forth below, the Restricted Subsidiaries may incur each and all Incurrence of the followingfollowing Indebtedness: (1) Indebtedness under one or more Credit Facilities of (a) the Company or any Restricted Subsidiary Guarantor Incurred pursuant to this Section 5.07(b)(1clause (1) in an aggregate amount not to exceed the greater of (i) $1.5 billion 700.0 million or (ii) the sum of $500.0 200.0 million and 25.0% of the Company’s Adjusted Consolidated Net Tangible Assets determined as of the date of the Incurrence of such Indebtedness after giving effect to the application of the proceeds therefrom;