Common use of Permitted Purchase Money Debt Clause in Contracts

Permitted Purchase Money Debt. Purchase Money Debt of Obligors that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $20,000,000 at any time.

Appears in 3 contracts

Samples: Loan, Security and Guaranty Agreement (Quintana Energy Services Inc.), Loan, Security and Guaranty Agreement (Quintana Energy Services Inc.), Loan, Security and Guaranty Agreement (Quintana Energy Services Inc.)

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Permitted Purchase Money Debt. Purchase Money Debt of Obligors the Borrower and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $20,000,000 at any timetime exceed the greater of (i) $15,000,000 and (ii) 3.0% of Total Assets (prior to giving effect to any acquisition or Investment made or intended to be made using the proceeds of such Purchase Money Debt).

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Commercial Vehicle Group, Inc.), Term Loan and Security Agreement (Commercial Vehicle Group, Inc.)

Permitted Purchase Money Debt. Purchase Money Debt of Obligors the Loan Parties and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $20,000,000 at any time50,000,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Cooper-Standard Holdings Inc.)

Permitted Purchase Money Debt. Purchase Money Debt of Obligors Borrowers and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount with respect to all Borrowers does not exceed $20,000,000 6,000,000 at any time.

Appears in 1 contract

Samples: Loan and Security Agreement (Arctic Cat Inc)

Permitted Purchase Money Debt. Purchase Money Debt of Obligors Borrowers and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $20,000,000 1,000,000 at any time.

Appears in 1 contract

Samples: Loan and Security Agreement (Ameriquest, Inc.)

Permitted Purchase Money Debt. Purchase Money Debt of Obligors the Borrower and Restricted Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $20,000,000 25,000,000 at any time.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Key Energy Services Inc)

Permitted Purchase Money Debt. Purchase Money Debt of Obligors Borrowers and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $20,000,000 at any timetime exceed the greater of (i) $15,000,000 and (ii) 3.0% of Total Assets (prior to giving effect to any acquisition or Investment made or intended to be made using the proceeds of such Purchase Money Debt).

Appears in 1 contract

Samples: Loan and Security Agreement (Commercial Vehicle Group, Inc.)

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Permitted Purchase Money Debt. Purchase Money Debt of Obligors Borrowers and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $20,000,000 30,000,000 at any time.

Appears in 1 contract

Samples: Loan and Security Agreement (Spansion Inc.)

Permitted Purchase Money Debt. Purchase Money Debt of Obligors the Loan Parties and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $20,000,000 50,000,000 outstanding at any time.

Appears in 1 contract

Samples: Loan and Security Agreement (Cooper-Standard Holdings Inc.)

Permitted Purchase Money Debt. Purchase Money Debt of Obligors Borrowers and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $20,000,000 10,000,000 at any time.. ​

Appears in 1 contract

Samples: Loan and Security Agreement (Adara Acquisition Corp.)

Permitted Purchase Money Debt. Purchase Money Debt of the Obligors and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $20,000,000 500,000 at any time (excluding Capital Leases, which shall not exceed $10,000,000 at any time).

Appears in 1 contract

Samples: Loan and Security Agreement (Installed Building Products, Inc.)

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