Subsidiary Borrowings. No Group Company (other than the Company), will incur or have outstanding any Borrowings other than:
Subsidiary Borrowings. Flowers shall not permit any Restricted Subsidiary to become liable for any Indebtedness, whether secured or unsecured, except: (i) such of the foregoing as is owed to Flowers or another Wholly-Owned Subsidiary; (ii) Indebtedness or obligations secured by Liens permitted by Section 8.16; (iii) Indebtedness or obligations of a Subsidiary outstanding at the time such Subsidiary becomes a Subsidiary, provided that (a) such Indebtedness shall not have been incurred in contemplation of such Subsidiary becoming a Subsidiary, and (b) immediately after such Subsidiary becomes a Subsidiary, no Default or Event of Default shall exist, and provided, further, that such Indebtedness may not be extended, renewed, or refunded except as otherwise permitted by this Agreement; and (iv) other Indebtedness which, when combined with the total of the Indebtedness secured by all Liens permitted by Section 8.16(r), without duplication, does not exceed 20% of Adjusted Consolidated Net Worth as of the last day of the immediately preceding Fiscal Quarter.
Subsidiary Borrowings. No Borrower other than the Company shall, and the Company shall procure that no Material Subsidiary will, incur any Borrowings other than:
Subsidiary Borrowings. The Company will not permit any Subsidiary (other than the Issuer or a Subsidiary Guarantor) to create, incur, assume, guarantee, have outstanding, or otherwise become or remain liable with respect to, any Borrowed Money other than:
Subsidiary Borrowings. Each Obligor shall procure that, from the date falling six months after the first Utilisation Date, any Subsidiary which is not a Guarantor, save for EE and any Subsidiary of EE from time to time, shall not incur any Borrowings save for:
Subsidiary Borrowings. The Company shall procure that no member of the Group which is not a Guarantor has or incurs any Borrowing other than:
Subsidiary Borrowings. 23 10.3. Maintenance of Financial Conditions........................24 10.4. Asset Dispositions.........................................24 10.5. Merger, Consolidation, Amalgamation, etc...................26 10.6. Transactions with Affiliates...............................27
Subsidiary Borrowings. (a) In this Clause 19.22: Borrowings means:
Subsidiary Borrowings. 54 SECTION 2.20. COMPETITIVE BID AMENDMENT........................55
Subsidiary Borrowings. Subject to the prior or concurrent satisfaction of each of the following conditions, any Eligible Subsidiary may be designated by the Parent as a Subsidiary Borrower hereunder following the acquisition of Control of such Eligible Subsidiary by the Parent, entitled to the rights and subject to the obligations incident thereto:
