Common use of Subsidiaries and Joint Ventures Clause in Contracts

Subsidiaries and Joint Ventures. The sum of the amount of Indebtedness owing to the Borrower by all of its Subsidiaries and Joint Ventures plus the amount paid by the Borrower in respect of the stock, obligations or securities of or any other interest in such Subsidiaries and Joint Ventures plus any capital contributions by the Borrower to such Subsidiaries and Joint Ventures plus the amount of assets otherwise sold or transferred by the Borrower to such Subsidiaries and Joint Ventures (other than sales at fair market value) shall not exceed at any time 10% of the sum of (i) all accounts which, in accordance with generally accepted accounting principles, constitute Members' equity in the Borrower at such time, (ii) all Indebtedness of the Borrower shown in its balance sheet dated as of May 31, 2001 as Members' Subordinated Certificates as such Indebtedness shall be reduced from time to time and any other Indebtedness of the Borrower incurred after May 31, 2001 having substantially similar provisions as to subordination as those contained in said outstanding certificates as such other Indebtedness shall be reduced from time to time, in each case at such time and (iii) all Qualified Subordinated Indebtedness outstanding at such time.

Subsidiaries and Joint Ventures. The sum of the amount of Indebtedness owing to the Borrower by all of its Subsidiaries and Joint Ventures plus the amount paid by the Borrower in respect of the stock, obligations or securities of or any other interest in such Subsidiaries and Joint Ventures plus any capital contributions by the Borrower to such Subsidiaries and Joint Ventures plus the amount of assets otherwise sold or transferred by the Borrower to such Subsidiaries and Joint Ventures (other than sales at fair market value) shall not exceed at any time 10% of the sum of (i) all accounts which, in accordance with generally accepted accounting principles, constitute Members' equity in the Borrower at such time, (ii) all Indebtedness of the Borrower shown in its balance sheet dated as of May 31, 2001 1999 as "Members' Subordinated Certificates Certificates" as such Indebtedness shall be reduced from time to time and any other Indebtedness of the Borrower incurred after May 31, 2001 1999 having substantially similar provisions as to subordination as those contained in said outstanding certificates as such other Indebtedness shall be reduced from time to time, in each case at such time and (iii) all Qualified Subordinated Indebtedness outstanding at such time.

Subsidiaries and Joint Ventures. The sum of the amount of Indebtedness owing to the Borrower by all of its Subsidiaries and Joint Ventures plus the amount paid by the Borrower in respect of the stock, obligations or securities of or any other interest in such Subsidiaries and Joint Ventures plus any capital contributions by the Borrower to such Subsidiaries and Joint Ventures plus the amount of assets otherwise sold or transferred by the Borrower to such Subsidiaries and Joint Ventures (other than sales at fair market value) shall not exceed at any time 10% of the sum of (i) all accounts which, in accordance with generally accepted accounting principles, constitute Members' equity in the Borrower at such time, time and (ii) all Indebtedness of the Borrower shown in its balance sheet dated as of May 31, 2001 1996 as "Members' Subordinated Certificates Certificates" as such Indebtedness shall be reduced from time to time and any other Indebtedness of the Borrower incurred after May 31, 2001 1996 having substantially similar provisions as to subordination as those contained in said outstanding certificates as such other Indebtedness shall be reduced from time to time, in each case at such time and (iii) all Qualified Subordinated Indebtedness outstanding at such time.

Subsidiaries and Joint Ventures. The sum of the amount of Indebtedness owing to the Borrower by all of its Subsidiaries and Joint Ventures plus the amount paid by the Borrower in respect of the stock, obligations or securities of or any other interest in such Subsidiaries and Joint Ventures plus any capital contributions by the Borrower to such Subsidiaries Sub- sidiaries and Joint Ventures plus the amount of assets otherwise sold or transferred by the Borrower to such Subsidiaries and Joint Ventures (other than sales at fair market value) shall not exceed at any time 10% of the sum of (i) all accounts which, in accordance with generally accepted accounting principles, constitute Members' equity in the Borrower at such time, time and (ii) all Indebtedness of the Borrower shown in its balance sheet dated as of May 31, 2001 1996 as "Members' Subordinated Certificates Certificates" as such Indebtedness shall be reduced from time to time and any other Indebtedness of the Borrower incurred after May 31, 2001 1996 having substantially similar provisions as to subordination as those contained in said outstanding certificates as such other Indebtedness shall be reduced from time to time, in each case at such time and (iii) all Qualified Subordinated Indebtedness outstanding at such time.

Subsidiaries and Joint Ventures. The sum of the amount of Indebtedness owing to the Borrower by all of its Subsidiaries and Joint Ventures plus the amount paid by the Borrower in respect of the stock, obligations Obligations or securities of or any other interest in such Subsidiaries and Joint Ventures plus any capital contributions by the Borrower to such Subsidiaries and Joint Ventures plus the amount of assets otherwise sold or transferred by the Borrower to such Subsidiaries and Joint Ventures (other than sales at fair market value) shall not exceed at any time 10% of the sum of (i) all accounts which, in accordance with generally accepted accounting principles, constitute Members' equity in the Borrower at such time, (ii) all Indebtedness of the Borrower shown in its balance sheet dated as of May 31, 2001 1999 as "Members' Subordinated Certificates Certificates" as such Indebtedness shall be reduced from time to time and any other Indebtedness of the Borrower incurred after May 31, 2001 1999 having substantially similar provisions as to subordination as those contained in said outstanding certificates as such other Indebtedness shall be reduced from time to time, in each case at such time and (iii) all Qualified Subordinated Indebtedness outstanding at such time.