Common use of Restrictions on Indebtedness Clause in Contracts

Restrictions on Indebtedness. The Borrower will not, nor will it permit any of its 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, provided that intercompany loans owing by the Borrower are permitted only so long as such loans are subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent.

Restrictions on Indebtedness. The Neither Borrower will notwill, nor will it permit any of its 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, provided that intercompany loans owing by the a Borrower are permitted only so long as such loans are subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent.

Restrictions on Indebtedness. The Neither Borrower will notwill, nor will it permit any of its 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, provided that intercompany loans owing by the a Borrower are permitted only so long as 34 such loans are subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent.

Restrictions on Indebtedness. The Borrower will not, nor will it permit any of its 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, provided that intercompany loans owing by the Borrower are permitted only so 34 long as such loans are subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent.