Common use of Restricted Subsidiary Group Clause in Contracts

Restricted Subsidiary Group. The Company will at all times require that (i) Consolidated Total Assets equal at least 85% of the consolidated total assets of the Company and its Subsidiaries, determined in accordance with GAAP, and (ii) consolidated total revenues of the Company and its Restricted Subsidiaries for the fiscal quarter most recently ended equals at least 85% of the consolidated total revenues of the Company and its Subsidiaries during such fiscal quarter, determined in accordance with GAAP.

Appears in 2 contracts

Samples: Note Purchase Agreement (Miller Herman Inc), Note Purchase Agreement (Miller Herman Inc)

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Restricted Subsidiary Group. The Company will at all times require that (i) Consolidated Total Assets equal at least 8580% of the consolidated total assets of the Company and all its Subsidiaries, determined in accordance with GAAP, GAAP and (ii) Consolidated EBITDA for the period of the four fiscal quarters most recently ended equal at least 80% of consolidated total revenues EBITDA of the Company and all its Restricted Subsidiaries for the fiscal quarter most recently ended equals at least 85% of the consolidated total revenues of the Company and its Subsidiaries during such fiscal quarter, period determined in accordance with GAAP.

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Eagle Materials Inc)

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Restricted Subsidiary Group. The Company will at all times require that either (i) Consolidated Total Assets equal at least 8580% of the consolidated total assets of the Company and its Subsidiaries, determined in accordance with GAAP, and or (ii) consolidated total revenues of the Company and its Restricted Subsidiaries for the period of four consecutive fiscal quarter quarters most recently ended equals at least 8580% of the consolidated total revenues of the Company and its Subsidiaries during such fiscal quarterperiod, determined in accordance with GAAP.. Eagle Materials Inc. Note Purchase Agreement

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Eagle Materials Inc)

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