Common use of Limitation on Priority Debt Clause in Contracts

Limitation on Priority Debt. The Borrower shall not permit the outstanding principal amount of Priority Debt to exceed, in the aggregate, more than 10% of Consolidated Net Worth at any time.

Appears in 4 contracts

Samples: Credit Agreement (Outback Steakhouse Inc), Credit Agreement (Outback Steakhouse Inc), Credit Agreement (Outback Steakhouse Inc)

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Limitation on Priority Debt. The Borrower shall not permit the outstanding principal amount of Priority Debt (other than Excepted Priority Debt) to exceed, in the aggregate, more than 10% of Consolidated Net Worth at any time.

Appears in 1 contract

Samples: Credit Agreement (Consolidated Papers Inc)

Limitation on Priority Debt. The Borrower shall not permit the outstanding principal amount of Priority Debt to exceed, in the aggregate, more than 1015% of Consolidated Tangible Net Worth at any time.

Appears in 1 contract

Samples: Credit Agreement (La-Z-Boy Inc)

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Limitation on Priority Debt. The Borrower shall not permit the outstanding principal amount of Priority Debt to exceed, in the aggregate, more than 10% of Consolidated Tangible Net Worth at any time.

Appears in 1 contract

Samples: Credit Agreement (Darden Restaurants Inc)

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