Common use of Restricted Subsidiary Indebtedness Clause in Contracts

Restricted Subsidiary Indebtedness. Incur, create, assume or guarantee or otherwise become liable in respect of any Indebtedness of a Restricted Subsidiary except: (i) borrowings among the Borrower and the Restricted Subsidiaries; (ii) extensions, renewals, or replacements of Indebtedness existing as of the date hereof (without increasing the principal amount thereof); (iii) Indebtedness directly related to the acquisition or construction of Property or Equipment, but only to the extent of the purchase price or cost thereof, or any Indebtedness assumed by imposition of law in connection with the acquisition of an existing business; or (iv) other Indebtedness in an aggregate amount not exceeding 15% of Consolidated Tangible Net Worth.