Common use of Limitation on Subsidiary Debt Clause in Contracts

Limitation on Subsidiary Debt. (a) The Company will not permit any of its Subsidiaries to create, assume, incur, Guarantee or otherwise become liable for or suffer to exist any Indebtedness (any Indebtedness of a Subsidiary of the Company, “Subsidiary Debt”), without Guaranteeing the payment of the principal of, premium, if any, and interest on the Notes on an unsecured unsubordinated basis. The foregoing restriction shall not apply to, and there shall be excluded from Indebtedness in any computation under such restriction, Subsidiary Debt constituting:

Appears in 7 contracts

Samples: Indenture (Seagate Technology PLC), Indenture (Seagate Technology PLC), Supplemental Indenture (Seagate Technology PLC)

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Limitation on Subsidiary Debt. (a) The Company will not permit any of its Subsidiaries to create, assume, incur, Guarantee or otherwise become liable for or suffer to exist any Indebtedness (any Indebtedness of a Subsidiary of the Company, “Subsidiary Debt”), without Guaranteeing the payment of the principal of, premium, if any, and interest on the Notes on an unsecured unsubordinated basis. The foregoing restriction shall not apply to, and there shall be excluded from Indebtedness in any computation under such restriction, Subsidiary Debt constituting:.

Appears in 6 contracts

Samples: Supplemental Indenture (Sensata Technologies Holding PLC), Sensata Technologies Holding PLC, Sensata Technologies Holding PLC

Limitation on Subsidiary Debt. (a) The Company will not permit any of its Restricted Subsidiaries to that is not a Guarantor to, create, assume, incur, Guarantee issue or otherwise become liable guarantee (collectively, “incur”) any indebtedness for or suffer to exist any Indebtedness borrowed money (any Indebtedness such indebtedness of a Subsidiary of the Companynon-guarantor Subsidiary, “Non-Guarantor Subsidiary Debt”), without Guaranteeing unless such Restricted Subsidiary guarantees the payment of the principal of, premium, if any, and interest on the Notes on an unsecured unsubordinated basis. The foregoing restriction shall not apply to, and there shall be excluded from Indebtedness in any computation under such restriction, Subsidiary Debt constituting:.

Appears in 4 contracts

Samples: Indenture (Huntsman International LLC), Indenture (Huntsman International LLC), Indenture (Huntsman International LLC)

Limitation on Subsidiary Debt. (a) The Company will not permit any of its Subsidiaries to create, assume, incur, Guarantee or otherwise become liable for or suffer to exist any Indebtedness (any Indebtedness of a Subsidiary of the Company, Subsidiary Debt), without Guaranteeing the payment of the principal of, premium, if any, and interest on the Notes on an unsecured unsubordinated basis. The foregoing restriction shall not apply to, and there shall be excluded from Indebtedness in any computation under such restriction, Subsidiary Debt constituting:

Appears in 4 contracts

Samples: Supplemental Indenture, Supplemental Indenture, Supplemental Indenture

Limitation on Subsidiary Debt. (a) The a)The Company will not permit any of its Subsidiaries to create, assume, incur, Guarantee or otherwise become liable for or suffer to exist any Indebtedness (any Indebtedness of a Subsidiary of the Company, “Subsidiary Debt”), without Guaranteeing the payment of the principal of, premium, if any, and interest on the Notes on an unsecured unsubordinated basis. The foregoing restriction shall not apply to, and there shall be excluded from Indebtedness in any computation under such restriction, Subsidiary Debt constituting:

Appears in 3 contracts

Samples: Indenture (Seagate Technology PLC), Supplemental Indenture (Seagate Technology PLC), Indenture (Seagate Technology PLC)

Limitation on Subsidiary Debt. (a) The Company will not permit any of its Domestic Restricted Subsidiaries to create, assume, incur, Guarantee or otherwise become liable for or suffer to exist any Indebtedness (any such Indebtedness of a Subsidiary of the Companyor Guarantee, “Subsidiary Debt”), without Guaranteeing causing such Domestic Restricted Subsidiary to provide a Secured Note Guarantee, until such time as such Indebtedness or Guarantee, as the payment of the principal ofcase may be, premium, if any, and interest on the Notes on an unsecured unsubordinated basis. The foregoing restriction shall not apply to, and there shall be excluded from Indebtedness is no longer outstanding or in any computation under such restriction, Subsidiary Debt constituting:effect.

Appears in 3 contracts

Samples: Indenture, Indenture (Micron Technology Inc), Indenture

Limitation on Subsidiary Debt. (a) The Company will not permit any of its Domestic Restricted Subsidiaries to create, assume, incur, Guarantee or otherwise become liable for or suffer to exist any Indebtedness (any such Indebtedness of a Subsidiary of the Companyor Guarantee, “Subsidiary Debt”), without Guaranteeing the payment of the principal of, premium, if any, and interest on the Notes on an unsecured unsubordinated basis. The foregoing restriction shall not apply to, and there shall be excluded from Indebtedness in any computation under basis until such restriction, time as such Subsidiary Debt constituting:is no longer outstanding.

Appears in 3 contracts

Samples: Block, Inc., Square, Inc., Square, Inc.

Limitation on Subsidiary Debt. (a) The Company will not permit any of its Domestic Restricted Subsidiaries to create, assume, incur, Guarantee or otherwise become liable for or suffer to exist any Indebtedness (any such Indebtedness of a Subsidiary of the Companyor Guarantee, “Subsidiary Debt”), without Guaranteeing causing such Domestic Restricted Subsidiary to Guarantee the payment of the principal of, premium, if any, and interest on the Notes on an unsecured unsubordinated basis. The foregoing restriction shall not apply tobasis until such time as such Indebtedness or Guarantee, and there shall be excluded from Indebtedness as the case may be, is no longer outstanding or in any computation under such restriction, Subsidiary Debt constituting:effect.

Appears in 2 contracts

Samples: Indenture (Micron Technology Inc), Indenture (Micron Technology Inc)

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Limitation on Subsidiary Debt. (a) The Company will not permit any of its Subsidiaries to create, assume, incur, Guarantee or otherwise become liable for or suffer to exist any Indebtedness (any 52 Indebtedness of a Subsidiary of the Company, “Subsidiary Debt”), without Guaranteeing the payment of the principal of, premium, if any, and interest on the Notes on an unsecured unsubordinated basis. The foregoing restriction shall not apply to, and there shall be excluded from Indebtedness in any computation under such restriction, Subsidiary Debt constituting:.

Appears in 2 contracts

Samples: Supplemental Indenture (Sensata Technologies Holding PLC), Supplemental Indenture (Sensata Technologies Holding PLC)

Limitation on Subsidiary Debt. (a) The So long as any Notes are outstanding, the Company will not permit any of its Restricted Subsidiaries that is not a Subsidiary Guarantor to create, assume, incur, Guarantee or otherwise become liable for or suffer to exist any Indebtedness (any Indebtedness of a non- Guarantor Subsidiary of the Company, “Non-Guarantor Subsidiary Debt”), without concurrently Guaranteeing the payment of the principal Principal of, premium, if any, and interest on the Notes on an unsecured unsubordinated basis. The foregoing restriction shall not apply to, and there shall be excluded from Indebtedness in any computation under such restriction, Subsidiary Debt constituting:.

Appears in 2 contracts

Samples: Supplemental Indenture (Ak Steel Holding Corp), Supplemental Indenture (Ak Steel Holding Corp)

Limitation on Subsidiary Debt. (a) The Company will not permit any of its Subsidiaries to create, assume, incur, Guarantee or otherwise become liable for or suffer to exist any Indebtedness (any such Indebtedness of a Subsidiary of the Company, “Subsidiary Debt”), without Guaranteeing the payment of the principal of, premium, if any, and interest on the Notes on an unsecured unsubordinated basis. The foregoing restriction shall not apply tobasis until such time as such Indebtedness or Guarantee, and there shall be excluded from Indebtedness as the case may be, is no longer outstanding or in any computation under such restriction, Subsidiary Debt constituting:effect.

Appears in 1 contract

Samples: Indenture (Plantronics Inc /Ca/)

Limitation on Subsidiary Debt. (a) The Company will shall not permit any of its Restricted Subsidiaries that is not a Guarantor to create, assume, incur, Guarantee issue or otherwise become liable for or suffer to exist guarantee any Indebtedness (any such Indebtedness of a Subsidiary of the Companynon-guarantor Subsidiary, “Non-Guarantor Subsidiary Debt”), without Guaranteeing unless such Restricted Subsidiary guarantees the payment of the principal of, premium, if any, and interest on the Notes on an unsecured unsubordinated basis. The foregoing restriction shall not apply to, and there shall be excluded from Indebtedness in any computation under such restriction, Subsidiary Debt constituting:.

Appears in 1 contract

Samples: Chemtura Corporation (Chemtura CORP)

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