Limitation on Restricted Subsidiary Indebtedness. The Company will not permit any Restricted Subsidiary to issue, incur, guarantee, assume or in any other manner become directly or indirectly liable or otherwise responsible for (collectively, "issue"), any Indebtedness except (i) Indebtedness issued to and held by the Company, (ii) Indebtedness issued and outstanding on or prior to the date on which such Subsidiary became a Restricted Subsidiary (other than Indebtedness issued in connection with or in anticipation of its becoming a Restricted Subsidiary), (iii) guarantees of Indebtedness of another Restricted Subsidiary, or (iv) Indebtedness issued to refund or refinance Indebtedness referred to in clauses (i) or (ii), provided that the Indebtedness so issued will have (A) a Stated Maturity later than the Stated Maturity of the Indebtedness being refunded or refinanced, (B) an Average Life at least equal to the Average Life of the Indebtedness being refunded or refinanced, and (C) a principal amount (1) not in excess of the principal amount of the Indebtedness being refunded or refinanced plus (2) the principal amount of any unused revolving credit facility being refunded or refinanced.
Limitation on Restricted Subsidiary Indebtedness. The Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, to create, incur, assume or guarantee any Indebtedness unless immediately thereafter the aggregate amount of all Indebtedness of Restricted Subsidiaries (excluding Indebtedness owed to the Company or a Restricted Subsidiary, including any renewal or replacement thereof) and the discounted present value of all net rentals payable under leases covered by Section 12.08 (and not expressly excluded therefrom) would not exceed 20% of Consolidated Stockholders' Equity; provided, however, that, solely for purposes of this covenant, Indebtedness shall not include indebtedness incurred in connection with 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 to the extent that such indebtedness remains outstanding for a period not to exceed 72 hours; 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 created, incurred, assumed or guaranteed by a Restricted Subsidiary or otherwise deemed to be Indebtedness of a Restricted Subsidiary for purposes of this covenant.
Limitation on Restricted Subsidiary Indebtedness. 37 Section 4.10. Limitation On Other Senior Subordinated Indebtedness..........................................38 Section 4.11. Limitation on Liens...........................................................................38 Section 4.12. Limitation On Issuance of Preferred Stock by Restricted Subsidiaries..........................38 Section 4.13. Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries......38 Section 4.14. Limitation On Sale and Leaseback Transactions.................................................39 Section 4.15. Limitation on Transactions With Affiliates....................................................39 Section 4.16. Limitation on Asset Dispositions..............................................................41 Section 4.17. Repurchase Upon Change of Control.............................................................44 Section 4.18. Payment of Taxes and Other Claims.............................................................47 Section 4.19. Maintenance of Properties and Insurance.......................................................47 Section 4.20. Compliance With Securities Laws Upon Purchase of Securities...................................47 Section 4.21.
Limitation on Restricted Subsidiary Indebtedness. So long as any of the Bonds remains outstanding:
Limitation on Restricted Subsidiary Indebtedness. The Company will not, at any time, permit any Restricted Subsidiary to incur, issue, assume or in any other manner become liable in respect of any Indebtedness unless (i) such Indebtedness is Excluded Restricted Subsidiary Indebtedness and immediately prior to the creation thereof, and after giving effect thereto and to any concurrent application of the proceeds of such Indebtedness, no Default or Event of Default would exist, or (ii) such Indebtedness is not Excluded Restricted Subsidiary Indebtedness and is permitted to be incurred at such time under Section 10.5, or (iii) such Indebtedness is a renewal, extension (as to time) or refunding of Indebtedness previously incurred in accordance with clause (i) or clause (ii) hereof, and (A) the principal amount of the Indebtedness being so renewed, extended or refunded which is outstanding at the time of such renewal, extension or refunding is not increased, and (B) immediately prior to such renewal, extension or refunding, and after giving effect thereto, no Default or Event of Default would exist. (b)
