Common use of Limitation on Secured Indebtedness Clause in Contracts

Limitation on Secured Indebtedness. Create, incur or suffer to exist any Secured Indebtedness exceeding $25,000,000 at any time outstanding (other than Secured Indebtedness in an aggregate amount not in excess of $50,000,000 in the nature of Contingent Obligations in respect of Letters of Credit fully executed by a Lien on cash and Cash Equivalents).

Limitation on Secured Indebtedness. Create, incur or suffer to exist any Secured Indebtedness exceeding $25,000,000 at any time outstanding (other than Secured Indebtedness in an aggregate amount not in excess of $50,000,000 in the nature of Contingent Obligations in respect of Letters of Credit fully executed secured by a Lien on cash and Cash Equivalents)."

Limitation on Secured Indebtedness. Create, incur incur, assume or suffer to exist any Secured Indebtedness exceeding $25,000,000 in aggregate principal amount at any time outstanding (other than Secured Indebtedness in an aggregate amount not in excess of $50,000,000 in the nature of Contingent Obligations in respect of Letters of Credit fully executed by a Lien on cash and Cash Equivalents)outstanding.