Principal Liens Baskets Clause Samples

Principal Liens Baskets. (a) Incurrence Basket Permitted in connection with the ratio debt basket above (b) Capital Lease Basket Permitted in connection with the capital lease basket above, subject to customary limitations (c) Liens Securing Debt of Foreign Subsidiaries Greater of $19.8 million and 30% of Consolidated EBITDA (for non-Credit Party and foreign subsidiary assets only) (d) General Liens Basket Greater of $23 million and 35% of Consolidated EBITDA (which liens must be junior).