Common use of Limitation on Subsidiary Debt Clause in Contracts

Limitation on Subsidiary Debt. The Company will not permit any of its Subsidiaries to create, assume, incur or otherwise become liable for or suffer to exist any Indebtedness (any Indebtedness of a Subsidiary of the Company, “Subsidiary Debt”), other than such Subsidiary Debt that is:

Appears in 5 contracts

Samples: Restatement Agreement (CNO Financial Group, Inc.), Restatement Agreement (CNO Financial Group, Inc.), Restatement Agreement (CNO Financial Group, Inc.)

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Limitation on Subsidiary Debt. The Company will shall not permit any of its Subsidiaries to Subsidiary to, create, incur, assume, incur suffer to exist, or otherwise become or remain directly or indirectly liable for or suffer to exist with respect to, any Indebtedness (any Indebtedness of a Subsidiary of the CompanyIndebtedness, “Subsidiary Debt”), other than such Subsidiary Debt that isexcept:

Appears in 2 contracts

Samples: Credit Agreement (Lee Enterprises Inc), Credit Agreement (Lee Enterprises Inc)

Limitation on Subsidiary Debt. (a) The Company will not permit any Material Subsidiary of its Subsidiaries the Company that is not a Subsidiary Guarantor to create, incur, issue, assume, incur Guarantee or otherwise become liable for or suffer to exist any Indebtedness Debt (any Indebtedness Debt of a Subsidiary of the Companythat is not a Subsidiary Guarantor, “Subsidiary Debt”), other than such Subsidiary Debt that is:without guaranteeing the payment of the principal of, premium, if any, and interest on the Notes pursuant to Article 10 hereof.

Appears in 2 contracts

Samples: Supplemental Indenture (PHH Corp), Supplemental Indenture (PHH Corp)

Limitation on Subsidiary Debt. The Company will shall not permit any of its the Subsidiaries to create, incur, assume, incur suffer to exist, or otherwise become or remain directly or indirectly liable for with respect to, any Debt (other than Debt of APSA under this Agreement or suffer to exist any Indebtedness (any Indebtedness Debt of a Subsidiary to the Company) in excess at any time outstanding of 22% of the Company, “Subsidiary Debt”), other than such Subsidiary Debt that is:net worth of the Company and the Subsidiaries on a consolidated basis.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Applied Power Inc)

Limitation on Subsidiary Debt. The Company will not permit any of its Subsidiaries Subsidiary to create, assume, incur or guarantee or otherwise be or become liable for or suffer to exist in respect of any Indebtedness (any Indebtedness of a Subsidiary of the Company, “Subsidiary Debt”), Debt other than such Subsidiary Debt that isthan:

Appears in 1 contract

Samples: Note Purchase Agreement (Avon Products Inc)

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Limitation on Subsidiary Debt. The Company will not not, at any time, permit any of its Subsidiaries to Subsidiary to, directly or indirectly, create, incur, assume, incur guarantee, have outstanding, or otherwise become or remain directly or indirectly liable for or suffer with respect to exist any Indebtedness (any Indebtedness of a Subsidiary of the Company, “Subsidiary Debt”), Debt other than such Subsidiary Debt that isthan:

Appears in 1 contract

Samples: Hub International (Hub International LTD)

Limitation on Subsidiary Debt. The Company will shall not permit any of its the ----------------------------- Subsidiaries to create, incur, assume, incur suffer to exist, or otherwise become or remain directly or indirectly liable for or suffer to exist with respect to, any Indebtedness Debt (any Indebtedness other than Debt of the Subsidiary Borrower under this Agreement, Debt of a Subsidiary to the Company or private placement debt of Zero not in excess of $50,000,000) in excess at any time outstanding of 17% of the Company, “Subsidiary Debt”), other than such Subsidiary Debt that is:net worth of the Company and the Subsidiaries on a consolidated basis.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Applied Power Inc)

Limitation on Subsidiary Debt. The Company will shall not permit any of its Subsidiaries Subsidiary to create, assume, incur incur, guarantee or otherwise become liable for or suffer to exist in respect of any Indebtedness (any Indebtedness of a Subsidiary of the Company, “Subsidiary Debt”), other than such Subsidiary Debt that isexcept:

Appears in 1 contract

Samples: Credit Agreement (Grainger W W Inc)

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