Limitation on Subsidiary Debt. (a) The Issuer 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 Issuer that is not a Guarantor, “Subsidiary Debt”), without Guaranteeing the payment of the principal of, premium, if any, and interest on the Notes on an unsecured unsubordinated basis.
Appears in 5 contracts
Samples: Supplemental Indenture (Sensata Technologies Holding PLC), Supplemental Indenture (Sensata Technologies Holding PLC), Supplemental Indenture (Sensata Technologies Holding PLC)
Limitation on Subsidiary Debt. (a) The Issuer will not not, at any time, permit any of its Subsidiaries to Subsidiary to, directly or indirectly, create, incur, assume, incurguarantee, 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 Debt, nor will the Issuer that is not a Guarantorsuffer any Subsidiary to have any Debt, “Subsidiary Debt”), without Guaranteeing the payment of the principal of, premium, if any, and interest on the Notes on an unsecured unsubordinated basis.other than:
Appears in 2 contracts
Samples: Note Purchase Agreement (Hub International LTD), Note Purchase Agreement (Hub International LTD)
