Common use of Limitation on Priority Debt Clause in Contracts

Limitation on Priority Debt. The Company will not at any time permit Priority Debt to exceed 25% of Consolidated Net Worth (determined as of the last day of the most recently ended fiscal quarter of the Company).

Appears in 5 contracts

Samples: Note Purchase Agreement (Curtiss Wright Corp), Note Purchase Agreement (Curtiss Wright Corp), Note Purchase Agreement (Curtiss Wright Corp)

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Limitation on Priority Debt. The Company will not permit Priority Debt, determined at any time permit Priority Debt time, to exceed 2520% of Consolidated Net Worth (Worth, determined as of the last day of the then most recently ended fiscal quarter of the Company).

Appears in 2 contracts

Samples: Note Purchase Agreement (Brown & Brown Inc), Note Purchase Agreement (Brown & Brown Inc)

Limitation on Priority Debt. The Company will not not, at any time time, permit Priority Debt to exceed 2530% of the Consolidated Net Worth (determined as of the last day of the then most recently ended fiscal quarter of the Company).

Appears in 1 contract

Samples: Sigma (Sigma Aldrich Corp)

Limitation on Priority Debt. The Company will not not, at any time time, permit Priority Debt to exceed 25an amount equal to 15% of Consolidated Net Worth (determined as of the last day end of the then most recently ended fiscal quarter of the Company).

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Ruby Tuesday Inc)

Limitation on Priority Debt. The Company will not at any time permit Priority Debt to exceed 25% of Consolidated Net Worth (determined as of the last day of the then most recently ended fiscal quarter of the Company).

Appears in 1 contract

Samples: Note Purchase Agreement (Wausau Paper Corp.)

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Limitation on Priority Debt. The Company will not at any time permit Priority Debt to exceed 2520% of Consolidated Net Worth (determined as of the last day end of the most recently ended fiscal quarter of the CompanyCompany for which financial information is reportable pursuant to Section 6.01(a).. 5 Year Series B Letter of Credit and Term Loan Agreement

Appears in 1 contract

Samples: Letter of Credit and Term Loan Agreement (Chicago Bridge & Iron Co N V)

Limitation on Priority Debt. The Company will not at any time permit Priority Debt to exceed 2520% of Consolidated Net Worth (determined as of the last day end of the most recently ended fiscal quarter of the CompanyCompany for which financial information is reportable pursuant to Section 6.01(a).

Appears in 1 contract

Samples: Letter of Credit and Term Loan Agreement (Chicago Bridge & Iron Co N V)

Limitation on Priority Debt. The Company will not at any time permit Priority Debt to exceed 2520% of Consolidated Net Worth (determined as of the last day end of the most recently ended fiscal quarter of the CompanyCompany for which financial information is reportable pursuant to Section 6.01(a).. 5 Year Series A Letter of Credit and Term Loan Agreement

Appears in 1 contract

Samples: Letter of Credit and Term Loan Agreement (Chicago Bridge & Iron Co N V)

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