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.
Appears in 3 contracts
Samples: Short Term Credit Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc)
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, 5.09 and (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 bondsSubsidiary) will at no time exceed $175,000,000.
Appears in 2 contracts
Samples: Credit Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc)
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 $175,000,000225,000,000.
Appears in 2 contracts
Samples: Credit Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc)