Limitation on Subsidiary Indebtedness. The Company shall not permit any Subsidiary to create, incur, assume, suffer to exist, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness, except Indebtedness, which when added to the Indebtedness secured by Liens permitted under Sections 7.1(d), (e) and (f) shall not exceed 5% of Total Capitalization.
Appears in 3 contracts
Samples: Credit Agreement (Marcus Corp), Credit Agreement (Marcus Corp), Credit Agreement (Marcus Corp)
Limitation on Subsidiary Indebtedness. The Company shall not permit any Subsidiary its Subsidiaries to create, incur, assume, assume or suffer to exist, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness, except Indebtedness, which when added to Indebtedness (excluding obligations in respect of Securitization Transactions at any time outstanding in an aggregate amount in excess of the Indebtedness secured by Liens permitted under Sections 7.1(d), greater of (e) a $100,000,000 and (f) shall not exceed 5b 12.5% of Total CapitalizationDebt.
Appears in 2 contracts
Samples: Long Term Credit Agreement (Tenneco Packaging Inc), Short Term Credit Agreement (Tenneco Packaging Inc)
Limitation on Subsidiary Indebtedness. The Company shall not permit any Subsidiary to create, incur, assume, suffer to exist, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness, except Indebtedness, which such when added to the Indebtedness secured by Liens permitted under Sections 7.1(d), (e) and (f) shall not exceed 5% of Total Capitalization.
Appears in 1 contract
Samples: Credit Agreement (Marcus Corp)
Limitation on Subsidiary Indebtedness. The Company shall not permit any Subsidiary its Subsidiaries to create, incur, assume, assume or suffer to exist, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness, except Indebtedness, which when added to Indebtedness (excluding obligations in respect of Securitization Transactions) at any time outstanding in an aggregate amount in excess of the Indebtedness secured by Liens permitted under Sections 7.1(d), greater of (ea) $100,000,000 and (fb) shall not exceed 512.5% of Total CapitalizationDebt.
Appears in 1 contract
Samples: Term Loan Agreement (Pactiv Corp)
Limitation on Subsidiary Indebtedness. The Company shall not permit any Subsidiary to create, incur, assume, suffer to exist, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness, except Indebtedness, which when added to the Indebtedness secured by Liens permitted under Sections 7.1(d), (e) and (f) shall not exceed 520% of Total Capitalization.
Appears in 1 contract
Samples: Credit Agreement (Marcus Corp)
Limitation on Subsidiary Indebtedness. The Company shall not at any time permit any Subsidiary to create, assume, incur, assume, suffer to exist, guarantee or otherwise be or become or remain directly or indirectly liable with in respect to, of any Indebtedness, except Indebtedness, which when added except:
(a) Indebtedness owing to the Indebtedness secured by Liens permitted under Sections 7.1(d), Company or any Subsidiary;
(eb) and (f) shall not exceed 5% of Total Capitalization.Acquired Subsidiary Indebtedness;
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