Common use of Limitation on Subsidiary Indebtedness Clause in Contracts

Limitation on Subsidiary Indebtedness. Infinity will not permit any of its Subsidiaries to create, incur, assume or suffer to exist any Indebtedness (which includes, for the purposes of this Section 5.6, any preferred stock), except (i) Excluded Indebtedness, (ii) Indebtedness of any Subsidiary Borrower under this Agreement, (iii) Indebtedness incurred on any date when, after giving effect thereto, the aggregate principal amount of Indebtedness incurred pursuant to this clause (iii) that is outstanding on such date (it being understood that, for the purposes of this clause (iii), the term "Indebtedness" does not include borrowings under this Agreement or under the Existing Credit Agreement or under the Five-Year Credit Agreement or Excluded Indebtedness) does not exceed $600,000,000 at any time and (iv) Indebtedness existing at any time under the Existing Infinity Credit Agreement or under the Five-Year Credit Agreement.

Limitation on Subsidiary Indebtedness. Infinity will not permit any of its Subsidiaries to create, incur, assume or suffer to exist any Indebtedness (which includes, for the purposes of this Section 5.6, any preferred stock), except (i) Excluded Indebtedness, (ii) Indebtedness of any Subsidiary Borrower under this Agreement, (iii) Indebtedness incurred on any date when, after giving effect thereto, the aggregate principal amount of Indebtedness incurred pursuant to this clause (iii) that is outstanding on such date (it being understood that, for the purposes of this clause (iii), the term "Indebtedness" does not include borrowings under this Agreement or under the Existing Credit Agreement or under the Five364-Year Day Credit Agreement or Excluded Indebtedness) does not exceed $600,000,000 at any time and (iv) Indebtedness existing at any time under the Existing Infinity Credit Agreement or under the Five364-Year Day Credit Agreement.

Limitation on Subsidiary Indebtedness. Infinity will not permit any of its Subsidiaries to create, incur, assume or suffer to exist any Indebtedness (which includes, for the purposes of this Section 5.6, any preferred stock), except (i) Excluded Indebtedness, (ii) Indebtedness of any Subsidiary Borrower under this Agreement, (iii) Indebtedness incurred on any date when, after giving effect thereto, the aggregate principal amount of Indebtedness incurred pursuant to this clause (iii) that is outstanding on such date (it being understood that, for the purposes of this clause (iii), the term "Indebtedness" does not include borrowings under this Agreement or under the Existing Credit Agreement or under the Five364-Year Day Credit Agreement or Excluded Indebtedness) does not exceed 54 50 $600,000,000 at any time and (iv) Indebtedness existing at any time under the Existing Infinity Credit Agreement or under the Five364-Year Day Credit Agreement.