Common use of Permitted Purchase Money Debt Clause in Contracts

Permitted Purchase Money Debt. Purchase Money Debt of the Borrowers and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount of such Purchase Money Debt (taken together with amounts incurred under Section 9.2.1(i)) does not exceed at the time any such Debt is incurred the greater of $50,000,000 and 3.00% of Total Assets at the time such Purchase Money Debt is incurred. Permitted Restricted Payments: any Restricted Payment

Appears in 2 contracts

Samples: Credit Agreement (Milacron Holdings Corp.), Credit Agreement (Milacron Holdings Corp.)

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Permitted Purchase Money Debt. Purchase Money Debt of the Borrowers Borrower and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate principal amount of such Purchase Money Debt (when taken together with amounts incurred such Debt permitted under Section 9.2.1(i)10.2.1(f) hereof) at any time outstanding does not exceed at the time any such Debt is incurred the greater of (x) $50,000,000 525,000,000 and 3.00(y) 14.6% of Consolidated Total Assets at the time such Purchase Money Debt is incurred. Permitted Restricted Payments: any Restricted PaymentAssets.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ak Steel Holding Corp), Loan and Security Agreement (Ak Steel Holding Corp)

Permitted Purchase Money Debt. Purchase Money Debt of the Borrowers and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount of such Purchase Money Debt (taken together with amounts incurred under Section 9.2.1(i)) does not exceed at the time any such Debt is incurred the greater of $50,000,000 and 3.00% of Total Assets at the time such Purchase Money Debt is incurred. Permitted Restricted Payments: any Restricted Payment.

Appears in 2 contracts

Samples: Credit Agreement (Milacron Holdings Corp.), Canadian Security Agreement (Milacron Holdings Corp.)

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Permitted Purchase Money Debt. Purchase Money Debt of the Borrowers and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not at any time 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 (taken together with amounts incurred under Section 9.2.1(iDebt)) does not exceed at the time any such Debt is incurred the greater of $50,000,000 and 3.00% of Total Assets at the time such Purchase Money Debt is incurred. Permitted Restricted Payments: any Restricted Payment.

Appears in 1 contract

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

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