Subsidiary Debt Limitation. The aggregate outstanding amount of Debt of Subsidiaries (exclusive of (i) Debt secured by a Lien permitted by clause (g) of Section 5.09, (ii) Debt owing to the Borrower or another Subsidiary and (iii) up to $85,000,000 of Debt consisting of obligations in respect of industrial revenue bonds) will at no time exceed $175,000,000.
Subsidiary Debt Limitation. 41 SECTION 5.09. Negative Pledge.................................................................41 SECTION 5.10. Consolidations, Mergers and Sales of Assets.....................................42 SECTION 5.11. Limitation on Affiliate Transactions............................................42
Subsidiary Debt Limitation. Total Debt of Consolidated Subsidiaries (excluding (i) Debt of a Subsidiary to Carlisle or to a Wholly-Owned Subsidiary and (ii) Debt arising in connection with Permitted Securitization Transactions) will at no time exceed 15% of Consolidated Net Worth.
Subsidiary Debt Limitation. The aggregate Debt of Subsidiaries, exclusive of (i) Debt under this Agreement and (ii) Debt owing to the Company or a Subsidiary, shall at no time exceed 20% of the Debt Limit.
Subsidiary Debt Limitation. 46 ARTICLE VII DEFAULTS --------
Subsidiary Debt Limitation. 65 SECTION 5.13. Debt/EBITDA Ratio.............................................65 SECTION 5.14.
Subsidiary Debt Limitation. The Company will not permit any Subsidiary to create, assume, incur, guarantee or otherwise be liable in respect of any Indebtedness, except:
(a) Indebtedness of Subsidiaries owing to the Company or to a Wholly-Owned Subsidiary;
(b) Indebtedness of Subsidiaries existing as of the date hereof and described on Schedule 5.15 (and any renewals, extension, or replacement thereof, without increase in the principal amount thereof, plus an amount necessary to pay any reasonable fees or expenses, including premiums, related to such renewal, extension or replacement);
(c) Indebtedness of a Subsidiary which is a Guarantor hereunder provided that such Indebtedness is not secured by Liens other than Special Parity Liens and Liens permitted by Sections 10.5(a) through 10.5(k); Xxxx Xxxx Technologies Corporation Note Purchase Agreement
(d) Acquired Subsidiary Debt, provided that immediately after such Subsidiary becomes a Subsidiary, no Default or Event of Default shall exist;
(e) Indebtedness of a Subsidiary owed under the Credit Agreement provided that the lenders under the Credit Agreement are parties to the Intercreditor Agreement; and
(f) other Indebtedness of a Subsidiary, provided that, at the time thereof and immediately after giving effect to the creation, assumption, incurrence or guarantee of such Indebtedness, no Default or Event of Default under Section 10 (including, without limitation, under Section 10.8) would exist.
Subsidiary Debt Limitation. The Company will not, at any time, permit any Subsidiary to, directly or indirectly, create, incur, assume, guarantee, have outstanding, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness other than:
(a) Indebtedness of a Guarantor that is subject to the Intercreditor Agreement;
(b) Indebtedness of a Guarantor that is not subject to the Intercreditor Agreement in an aggregate amount for such Guarantor not in excess of $20,000,000, provided that if such Indebtedness is in excess of $20,000,000, then all Indebtedness of such Guarantor that is not subject to the Intercreditor Agreement (including all amounts less than $20,000,000) shall be subject to the provisions of paragraph (f) of this Section 10.8 unless otherwise permitted by another paragraph of this Section 10.8;
(c) in addition to the Indebtedness permitted under paragraphs (a) and (b), Indebtedness of a Subsidiary outstanding on the date of this Agreement and described on Schedule 5.15 and any extension or renewal of any such Indebtedness that does not increase the principal amount then outstanding;
(d) Indebtedness of a Subsidiary owed to the Company or a Wholly-Owned Subsidiary;
(e) Indebtedness of a Subsidiary outstanding at the time such Subsidiary becomes a Subsidiary and any extension or renewal of such Indebtedness that does not increase the principal amount then outstanding, provided that (i) such Indebtedness shall not have been incurred in contemplation of such Subsidiary becoming a Subsidiary and (ii) immediately after such Subsidiary becomes a Subsidiary (and, if applicable, at the time of any such renewal or extension) no Default or Event of Default shall exist; and
(f) Indebtedness of a Subsidiary in addition to that otherwise permitted by paragraphs (a) through (e) of this Section 10.8, provided that on the date such Subsidiary incurs or otherwise becomes liable with respect to any such additional Indebtedness and immediately after giving effect thereto and the concurrent retirement of any other Indebtedness, no Default or Event of Default exists under Section 10.7 or, assuming the incurrence of such additional Indebtedness and the concurrent retirement of such other eFUNDS CORPORATION NOTE PURCHASE AGREEMENT Indebtedness as of the last day of the immediately preceding fiscal quarter, no Default or Event of Default would exist under Sections 10.9 and 10.10.
Subsidiary Debt Limitation. Total Debt of all Subsidiaries (excluding Debt of a Subsidiary to the Company or to a wholly-owned Subsidiary of the Company) will at no time exceed 8% of Consolidated Tangible Assets (or the equivalent thereof in any other currency).
Subsidiary Debt Limitation. The aggregate Debt of Subsidiaries, including all Debt incurred by any Subsidiary in connection with the acquisition of any business (whether through merger, purchase of stock or purchase of assets) but excluding (i) Debt under this Agreement, (ii) Debt owing to the Company or a Subsidiary, (iii) Debt deemed incurred by a Subsidiary in connection with a Receivables Financing Transaction which is accounted for as a sale under GAAP and (iv) Debt owing under Synthetic Leases, shall at no time exceed $350,000,000.
