Common use of Permitted Securitization Transactions Clause in Contracts

Permitted Securitization Transactions. (a) Permit the aggregate Attributable Indebtedness in respect of all Permitted Securitization Transactions of the Company, its Subsidiaries and all Permitted Securitization Entities to third parties to exceed the greater of (x) $450,000,000 and (y) 45% of Consolidated EBITDA for the Test Period most recently then ended at any time outstanding.

Appears in 3 contracts

Samples: Credit Agreement (WEX Inc.), Credit Agreement (WEX Inc.), Credit Agreement (WEX Inc.)

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Permitted Securitization Transactions. (a) Permit the aggregate Attributable Indebtedness in respect of all Permitted Securitization Transactions of the Company, its Subsidiaries and all Permitted Securitization Entities to third parties to exceed the greater of (x) $450,000,000 450495,000,000 and (y) 45% of Consolidated EBITDA for the Test Period most recently then ended at any time outstanding.

Appears in 1 contract

Samples: Credit Agreement (WEX Inc.)

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