Restrictions on Indebtedness. The Borrower will not, nor will it permit any of its Material Subsidiaries to, issue, incur, assume, create, become liable for, contingently or otherwise, or have outstanding any Indebtedness, provided that the foregoing provisions shall not restrict nor operate to prevent the following Indebtedness: (a) the Obligations; (b) any other Indebtedness so long as after giving effect to the incurrence thereof the Borrower shall be in compliance with the Leverage Ratio set forth in Section 7.15.
Appears in 8 contracts
Samples: Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Credit Agreement (Nicor Inc)
Restrictions on Indebtedness. The Borrower will not, nor will it permit any of its Material Subsidiaries Subsidiary to, issue, incur, assume, create, become liable for, contingently or otherwise, or have outstanding any Indebtedness; provided, provided however, that the foregoing provisions shall not restrict nor operate to prevent the following Indebtednessprevent:
(a) the Obligations;
(b) any other Indebtedness so long as after giving effect to the incurrence thereof which, when in place, will not cause the Borrower shall to be in compliance with the Leverage Ratio set forth in violation of Section 7.15.7.17 hereof; and
Appears in 3 contracts
Samples: Credit Agreement (North Shore Gas Co /Il/), Credit Agreement (North Shore Gas Co /Il/), Credit Agreement (North Shore Gas Co /Il/)
Restrictions on Indebtedness. The Borrower will not, nor will it permit any of its Material Subsidiaries to, issue, incur, assume, create, become liable for, contingently or otherwise, or have outstanding any Indebtedness, provided that the foregoing provisions shall not restrict nor operate to prevent the following Indebtedness:
(a) the Obligations;; and
(b) any other Indebtedness so long as after giving effect to the incurrence thereof the Borrower shall be in compliance with the Leverage Ratio set forth in Section 7.15.
Appears in 2 contracts
Samples: 364 Day Credit Agreement (Nicor Inc), 364 Day Credit Agreement (Northern Illinois Gas Co /Il/ /New/)
Restrictions on Indebtedness. The Borrower will not, nor will it permit any of its Material Subsidiaries to, issue, incur, assume, create, become liable for, contingently or otherwise, or have outstanding any Indebtedness, provided that the foregoing provisions shall not restrict nor operate to prevent the following Indebtedness:: 1663651.11-New York Server 7A - MSW
(a) the Obligations;; and
(b) any other Indebtedness so long as after giving effect to the incurrence thereof the Borrower shall be in compliance with the Leverage Ratio set forth in Section 7.15.
Appears in 2 contracts
Samples: Credit Agreement (Nicor Inc), Credit Agreement (Northern Illinois Gas Co /Il/ /New/)
Restrictions on Indebtedness. The Neither Borrower will notwill, nor will it permit any of its Material Subsidiaries to, issue, incur, assume, create, become liable for, contingently or otherwise, or have outstanding any Indebtedness, provided that the foregoing provisions shall not restrict nor operate to prevent the following Indebtedness:
(a) the Obligations;
(b) any other Indebtedness so long as after giving effect to the incurrence thereof the Borrower Borrowers shall be in compliance with the Leverage Ratio set forth in Section 7.15."
Appears in 2 contracts
Samples: 5 Year Credit Agreement (Northern Illinois Gas Co /Il/ /New/), 5 Year Credit Agreement (Nicor Inc)
Restrictions on Indebtedness. The Neither Borrower will notwill, nor will it permit any of its Material Subsidiaries to, issue, incur, assume, create, become liable for, contingently or otherwise, or have outstanding any Indebtedness, provided that the foregoing provisions shall not restrict nor operate to prevent the following Indebtedness:
(a) the Obligations;; and
(b) any other Indebtedness so long as after giving effect to the incurrence thereof the Borrower Borrowers shall be in compliance with the Leverage Ratio set forth in Section 7.15.
Appears in 2 contracts
Samples: Credit Agreement (Nicor Inc), Credit Agreement (Northern Illinois Gas Co /Il/ /New/)
Restrictions on Indebtedness. The Borrower will not, nor will it permit any Subsidiary of its Material Subsidiaries Borrower to, issue, incur, assume, create, become liable for, contingently or otherwise, or have outstanding any Indebtedness; provided, provided however, that the foregoing provisions shall not restrict nor operate to prevent the following Indebtedness, so long as the incurrence and maintenance of such Indebtedness would not cause the Borrower to be in violation of Section 7.17 hereof if compliance with such covenant were measured on the date of the incurrence of such Indebtedness:
(a) the Obligations;
(b) any other Indebtedness so long as after giving effect to the incurrence thereof the Borrower shall be in compliance with the Leverage Ratio set forth in Section 7.15.
Appears in 2 contracts
Samples: Credit Agreement (Black Hills Corp /Sd/), Term Credit Agreement (Black Hills Corp /Sd/)
Restrictions on Indebtedness. The Borrower will not, nor will it permit any Subsidiary of its Material Subsidiaries the Borrower to, issue, incur, assume, create, become liable for, contingently or otherwise, or have outstanding any Indebtedness; provided, provided however, that the foregoing provisions shall not restrict nor operate to prevent the following Indebtedness:
(a) the Obligations;
(b) any other Indebtedness so long as after giving effect to the incurrence thereof the Borrower shall be in compliance with the Leverage Ratio set forth in Section 7.15.
Appears in 1 contract
Restrictions on Indebtedness. The Borrower will not, nor and will it not ---------------------------- permit any of its Material Subsidiaries to, issuecreate, incur, assume, create, become liable forguarantee or be or remain liable, contingently or otherwise, or have outstanding with respect to any Indebtedness, provided that the foregoing provisions shall not restrict nor operate to prevent the following IndebtednessIndebtedness other than:
(a) Indebtedness to the Obligations;Lenders and the Administrative Agent arising under any of the Loan Documents; and
(b) any other Indebtedness so long as after giving effect to the incurrence thereof the Borrower shall be in compliance with the Leverage Ratio set forth in Section 7.15evidenced by Hedging Agreements.
Appears in 1 contract
Samples: Loan Agreement (Finova Group Inc)
Restrictions on Indebtedness. The Borrower will not, nor and will it not permit any of its Material Subsidiaries to, issuecreate, incur, assume, create, become liable forguarantee or be or remain liable, contingently or otherwise, or have outstanding with respect to any Indebtedness, provided that the foregoing provisions shall not restrict nor operate to prevent the following Indebtedness:
other than (a) the Obligations;
Obligations under the Loan Documents, (b) any other the Indebtedness so long as after giving effect to under the incurrence thereof UB Credit Agreement and (c) Indebtedness of the Borrower shall be type described in compliance with subsections 6.2(b), (c), (d), (e), (f) and (i) of the Leverage Ratio set forth in Section 7.15UB Credit Agreement.
Appears in 1 contract
Samples: Term Loan Agreement (Physicians Formula Holdings, Inc.)