Common use of Subsidiary Debt Limitation Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Servicemaster LTD Partnership), Credit Agreement (Servicemaster LTD Partnership)

AutoNDA by SimpleDocs

Subsidiary Debt Limitation. The aggregate Debt of Subsidiaries, exclusive of (i) Debt under this Agreement and the 364-Day Agreement and (ii) Debt owing to the Company or a Subsidiary, shall at no time exceed 20% of the Debt Limit.

Appears in 1 contract

Samples: Assignment Agreement (Servicemaster Co)

AutoNDA by SimpleDocs

Subsidiary Debt Limitation. The aggregate Debt of Subsidiaries, exclusive of (i) Debt under this Agreement and the 5-Year Agreement and (ii) Debt owing to the Company or a Subsidiary, shall at no time exceed 20% of the Debt Limit.

Appears in 1 contract

Samples: Assignment Agreement (Servicemaster Co)

Time is Money Join Law Insider Premium to draft better contracts faster.