Common use of Limitation on Subsidiary Indebtedness Clause in Contracts

Limitation on Subsidiary Indebtedness. The Company shall not permit any of the Subsidiaries of the Company to create, incur, assume or suffer to exist any Indebtedness, except: (a) Indebtedness of any Subsidiary to the Company or any other Subsidiary; (b) Indebtedness of a corporation which becomes a Subsidiary after the date hereof, provided that (i) such indebtedness existed at the time such corporation became a Subsidiary and was not created in anticipation thereof and (ii) immediately before and after giving effect to the acquisition of such corporation by the Company no Default or Event of Default shall have occurred and be continuing; or (c) additional Indebtedness of Subsidiaries of the Company not exceeding $125,000,000 in aggregate principal amount at any one time outstanding.

Limitation on Subsidiary Indebtedness. The Company shall not permit any of the Subsidiaries of the Company to create, incur, assume or suffer to exist any Indebtedness, except: (a) Indebtedness of any Subsidiary to the Company or any other Subsidiary; (b) Indebtedness of a corporation which becomes a Subsidiary after the date hereof, provided that (i) such indebtedness existed at the time such corporation became a Subsidiary and was not created in anticipation thereof and (ii) immediately before and after giving effect to the acquisition of such corporation by the Company no Default or Event of Default shall have occurred and be continuing; orand (c) additional Indebtedness of Subsidiaries of the Company not exceeding $125,000,000 75,000,000 in aggregate principal amount at any one time outstanding.

Limitation on Subsidiary Indebtedness. The Company shall not permit any of the Subsidiaries of the Company to create, incur, assume or suffer to exist any Indebtedness, except: (a) Indebtedness of any Subsidiary to the Company or any other Subsidiary; (b) Indebtedness of a corporation Person which becomes a Subsidiary after the date hereof, hereof provided that (i) such indebtedness existed at the time such corporation Person became a Subsidiary and was not created in anticipation thereof and (ii) immediately before and after giving effect to the acquisition of such corporation person by the Company no Default or Event of Default shall have occurred and be continuing; orand (c) additional Indebtedness of Subsidiaries of the Company not exceeding the greater of (i) $125,000,000 1,000,000,000 and (ii) 10% of Consolidated Net Worth, in aggregate principal amount at any one time outstanding.

Limitation on Subsidiary Indebtedness. The Company shall not permit any of the Subsidiaries of the Company to create, incur, assume or suffer to exist any Indebtedness, except: (a) Indebtedness of any Subsidiary to the Company or any other Subsidiary; (b) Indebtedness of a corporation which becomes a Subsidiary after the date hereof, provided that (i) such indebtedness existed at the time such corporation became a Subsidiary and was not created in anticipation thereof and (ii) immediately before and after giving effect to the acquisition of such corporation by the Company no Default or Event of Default shall have occurred and be continuing; or or (c) additional Indebtedness of Subsidiaries of the Company not exceeding $125,000,000 in aggregate principal amount at any one time outstanding.

Limitation on Subsidiary Indebtedness. The Company shall not permit any of the Subsidiaries of the Company to create, incur, assume or suffer to exist any Indebtedness, except: (a) Indebtedness of any Subsidiary to the Company or any other Subsidiary; (b) Indebtedness of a corporation Person which becomes a Subsidiary after the date hereof, provided that (i) such indebtedness existed at the time such corporation Person became a Subsidiary and was not created in anticipation thereof and (ii) immediately before and after giving effect to the acquisition of such corporation Person by the Company no Default or Event of Default shall have occurred and be continuing; or (c) additional Indebtedness of Subsidiaries of the Company not exceeding $125,000,000 in aggregate principal amount at any one time outstanding.