Common use of Priority Indebtedness Clause in Contracts

Priority Indebtedness. The Borrower shall not at any time permit the aggregate outstanding amount of Priority Indebtedness to exceed 15% of Consolidated Tangible Assets.

Appears in 4 contracts

Samples: Credit Agreement (Republic Services, Inc.), Credit Agreement (Republic Services, Inc.), Credit Agreement (Republic Services, Inc.)

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Priority Indebtedness. The Borrower shall will not permit Priority Indebtedness at any time permit the aggregate outstanding amount of Priority Indebtedness to exceed 1525% of Consolidated Tangible AssetsNet Worth.

Appears in 1 contract

Samples: Credit Agreement (Suburban Propane Partners Lp)

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Priority Indebtedness. The Borrower shall not at any time permit the aggregate outstanding amount of Priority Indebtedness to exceed 1510% of Consolidated Tangible AssetsAdjusted Net Worth.

Appears in 1 contract

Samples: Credit Agreement (Assurant Inc)

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