Limitation on Indebtedness of Restricted Subsidiaries. The Company will not cause or permit any Restricted Subsidiary to, directly or indirectly, incur, create, assume or permit to exist any Indebtedness except:
Limitation on Indebtedness of Restricted Subsidiaries. The Company will not permit any Restricted Subsidiaries, directly or indirectly, to create, incur, assume or suffer to exist any Indebtedness (which for purposes hereof shall include, without duplication, Guarantee Obligations) unless immediately thereafter the aggregate amount of (x) all Indebtedness of Restricted Subsidiaries (excluding (A) any Guarantee Obligations in respect of Indebtedness under the Revolving Credit Facility or the Notes, and (B) Indebtedness owed to the Company or a Restricted Subsidiary, including any renewal or replacement of any of the obligations under clauses (A) or (B)), (y) the aggregate amount of indebtedness secured by Liens permitted under clause (11) of the definition of “Permitted Liens” contained in the Indenture and (z) the discounted present value of all net rentals payable under leases covered by Section 4.08(a) of the Indenture (and not expressly excluded therefrom) would not exceed the greater of $300 million or 15% of Consolidated Net Worth; provided, however, that, solely, for the purposes of this covenant, Indebtedness shall not include indebtedness incurred in connection with (a) overdraft or similar facilities related to settlement, clearing and related activities by a Restricted Subsidiary in the ordinary course of business consistent with past practice, (b) Purchased Receivables Financings, (c) to the extent the same constitutes Indebtedness, obligations in respect of net capital adjustments and/or earn-out arrangements pursuant to a purchase or acquisition otherwise permitted under the Indenture, (d) obligations under performance bonds, surety bonds and letter of credit obligations to provide security for worker’s compensation claims or other statutory obligations and obligations in respect of bank overdrafts not more than two days overdue, in each case, incurred in the ordinary course of business, (e) indebtedness owing to insurance companies to finance insurance premiums incurred in the ordinary course of business and (f) Guarantee Obligations with respect to Indebtedness and other liabilities otherwise permitted under the Indenture; and provided, further, that any Indebtedness of a Person (i) existing at the time such Person becomes a Restricted Subsidiary or is merged with or into the Company or a Restricted Subsidiary or other entity or (ii) assumed by the Company or a Subsidiary in connection with the acquisition of all or a portion of the business of such Person, shall not be deemed to be Indebtedness...
Limitation on Indebtedness of Restricted Subsidiaries. The Borrower shall not permit any Restricted Subsidiary from creating, incurring, assuming or guaranteeing, or otherwise becoming or remaining directly or indirectly liable with respect to any Indebtedness, except:
Limitation on Indebtedness of Restricted Subsidiaries. Permit any Restricted Subsidiary to create, incur, assume or suffer to exist any Indebtedness, except:
Limitation on Indebtedness of Restricted Subsidiaries. The Company will not permit any Restricted Subsidiary to incur any Indebtedness if, immediately after the incurrence or assumption of such Indebtedness, the aggregate outstanding principal amount of all Indebtedness of the Restricted Subsidiaries would exceed the greater of (i) $30 million or (ii) 15% of the aggregate outstanding principal amount of all Indebtedness of the Company and the Restricted Subsidiaries; provided that, in any event, a Restricted Subsidiary may incur Indebtedness to extend, renew or replace Indebtedness of such Restricted Subsidiary to the extent that the principal amount of the Indebtedness so incurred does not exceed the principal amount of the Indebtedness extended, renewed or replaced thereby immediately prior to such extension, renewal or replacement plus any premium, accrued and unpaid interest or capitalized interest payable thereon.
Limitation on Indebtedness of Restricted Subsidiaries. The Borrower will not cause or permit any Restricted Subsidiary to, directly or indirectly, incur, create, assume or permit to exist any Indebtedness except:
Limitation on Indebtedness of Restricted Subsidiaries. The Issuer will not permit any Unrestricted Subsidiary to Incur any Indebtedness other than Non-Recourse Debt.
Limitation on Indebtedness of Restricted Subsidiaries. The Company will not permit any Restricted Subsidiary to create, assume, incur or in any manner become liable in respect of any Indebtedness (other than Indebtedness owing to the Company or to a Restricted Subsidiary) unless (x) immediately after giving effect thereto, the sum of (without duplication) (A) the aggregate principal amount of such Indebtedness of Restricted Subsidiaries then outstanding, and (B) the aggregate principal amount of Indebtedness of the Company and the Restricted Subsidiaries secured by Liens pursuant to clause (h) of Sec. 11.3 then outstanding shall not exceed 10% of Consolidated Total Assets, and (y) the Company shall then be in compliance with the provisions of Sec. 11.2.
Limitation on Indebtedness of Restricted Subsidiaries. The Issuer and the Guarantors will not permit any Restricted Subsidiary other than the Issuer and United Dominion Holdings, Inc. to incur any Indebtedness (other than Indebtedness to the Issuer or a Guarantor or to a wholly-owned Subsidiary of the Issuer or a Guarantor) if, immediately after the incurrence or assumption of the Indebtedness the aggregate outstanding principal amount of all Indebtedness of the Restricted Subsidiaries (other than the Issuer and United Dominion Holdings, Inc.) would exceed 25% of Consolidated Net Assets, provided that, in any event, a Restricted Subsidiary may incur Indebtedness to extend, renew or replace Indebtedness of that Restricted Subsidiary to the extent that the principal amount of the Indebtedness incurred does not, immediately prior to the extension, renewal or replacement, exceed the principal amount of the Indebtedness extended, renewed or replaced, plus any premium, accrued and unpaid interest or capitalized interest payable on that Indebtedness.
Limitation on Indebtedness of Restricted Subsidiaries. The Corporation will not permit its Restricted Subsidiaries to become liable in respect to any Indebtedness if the sum of such Indebtedness exceeds in the aggregate 10% of Consolidated Capitalization.
