Limitation on Subsidiary Debt. The aggregate outstanding principal amount of Debt of the Subsidiaries of the Borrower (exclusive of (i) Debt owing to the Borrower or another Subsidiary and (ii) Foreign Debt) shall at no time exceed 15% of Consolidated Net Assets.
Appears in 2 contracts
Samples: Credit Agreement (Unova Inc), Credit Agreement (Unova Inc)
Limitation on Subsidiary Debt. The aggregate outstanding principal amount of Debt of the Subsidiaries of the Borrower (exclusive of (i) Debt owing to the Borrower or another Subsidiary and (ii) Foreign DebtSubsidiary) shall at no time exceed 15% of Consolidated Tangible Net Assets.
Appears in 1 contract
Samples: Credit Agreement (Western Atlas Inc)
Limitation on Subsidiary Debt. The aggregate outstanding principal amount of Debt of the Subsidiaries of the Borrower (exclusive of (i) Debt owing to the Borrower or another Subsidiary and (iiSubsidiary) Foreign Debt) shall will at no time exceed 15% of Consolidated Net Assets.
Appears in 1 contract
Samples: Credit Agreement (Unova Inc)
Limitation on Subsidiary Debt. The aggregate outstanding principal amount of Debt of the Subsidiaries of the Borrower (exclusive of (i) Debt owing to the Borrower or another Subsidiary and (ii) Foreign DebtSubsidiary) shall at no time exceed 1512% of Consolidated Tangible Net Assets.
Appears in 1 contract
Samples: Credit Agreement (Western Atlas Inc)
