Common use of Limitations on Subsidiary Indebtedness Clause in Contracts

Limitations on Subsidiary Indebtedness. The Borrower will not permit any Subsidiary to, directly or indirectly, create, incur, assume or suffer to exist any Indebtedness, except Indebtedness in an aggregate principal amount at any time outstanding not to exceed, when added to other secured Indebtedness of the Borrower and any Subsidiary permitted by Section 7.02(l) and any other Indebtedness of the Borrower that is Guaranteed by any Subsidiary, the greater of (x) 10% of Stockholders’ Equity as of the end of the fiscal quarter preceding the date of determination or (y) $1,000,000,000.

Limitations on Subsidiary Indebtedness. The Borrower will not permit any Subsidiary to, directly or indirectly, create, incur, assume or suffer to exist any Indebtedness, except Indebtedness in an aggregate principal amount at any time outstanding not to exceed, when added to other secured Indebtedness of the Borrower and any Subsidiary permitted by Section 7.02(l) and any other Indebtedness of the Borrower that is Guaranteed by any Subsidiary, the greater of (x) 10% of Stockholders’ Equity as of the end of the fiscal quarter preceding the date of determination or (y) $1,000,000,000.. \52150599