Subsidiary Debt. The Guarantor will not at any time permit the aggregate outstanding principal amount of Debt of the Consolidated Subsidiaries to exceed an amount equal to $750,000,000, provided that for purposes of this Section 5.13, “Debt” shall not include (i) Permitted Acquired Debt of any Consolidated Subsidiary, (ii) Debt of any Consolidated Subsidiary (other than the Borrower) outstanding as of the Closing Date, and any Refinancings thereof, (iii) Debt of the Borrower or (iv) obligations under any Permitted Securitization Transaction, to the extent otherwise constituting Debt.
Appears in 9 contracts
Samples: Five Year Senior Credit Agreement (TE Connectivity Ltd.), Senior Bridge Letter of Credit Agreement (Tyco International LTD /Ber/), 364 Day Senior Bridge Loan Agreement (Tyco International LTD /Ber/)
Subsidiary Debt. The Guarantor Borrower will not at any time permit the aggregate outstanding principal amount of Debt of the its Consolidated Subsidiaries (for the avoidance of doubt, not including Intercompany Debt) to exceed an amount equal to $750,000,000250,000,000; provided that, provided that for purposes of this Section 5.13, “Debt” shall not include (ia) Permitted Acquired Debt of any Consolidated Subsidiary, (iib) Debt of any Consolidated Subsidiary (other than the Borrower) outstanding as of the Closing DateGuarantor, and any Refinancings thereof, (iii) Debt of the Borrower or (ivc) obligations under any Permitted Securitization Transaction, to the extent otherwise constituting Debt.
Appears in 3 contracts
Samples: Five Year Senior Unsecured Revolving Credit Agreement (ADT Corp), 364 Day Senior Unsecured Bridge Loan Agreement (Tyco International LTD), Five Year Senior Unsecured Revolving Credit Agreement (Tyco International LTD)
Subsidiary Debt. The Guarantor will not at any time permit the aggregate outstanding principal amount of Debt of the its Consolidated Subsidiaries (for the avoidance of doubt, not including Intercompany Debt) to exceed an amount equal to $750,000,000350,000,000; provided that, provided that for purposes of this Section 5.13, “Debt” shall not include (ia) Permitted Acquired Debt of any Consolidated Subsidiary, (ii) Debt of any Consolidated Subsidiary (other than the Borrower) outstanding as of the Closing Date, and any Refinancings thereof, (iiib) Debt of the Borrower or any Subsidiary Guarantor or (ivc) obligations under any Permitted Securitization Transaction, to the extent otherwise constituting Debt.
Appears in 2 contracts
Samples: Five Year Senior Unsecured Credit Agreement (TYCO INTERNATIONAL PLC), Five Year Senior Unsecured Credit Agreement (Tyco International LTD)
Subsidiary Debt. The Guarantor will not at any time permit the aggregate outstanding principal amount of Debt of the Consolidated Subsidiaries to exceed an amount equal to $750,000,000850,000,000; provided that, provided that for purposes of this Section 5.13, “Debt” shall not include (ia) Permitted Acquired Debt of any Consolidated Subsidiary, (ii) Debt of any Consolidated Subsidiary (other than the Borrower) outstanding as of the Closing Date, and any Refinancings thereof, (iiib) Debt of the Borrower or any Subsidiary Guarantor or (ivc) obligations under any Permitted Securitization Transaction, to the extent otherwise constituting Debt.
Appears in 1 contract
Samples: Senior Unsecured Credit Agreement (Tyco International LTD)
Subsidiary Debt. The Guarantor will not at any time permit the aggregate outstanding principal amount of Debt of the Consolidated Subsidiaries to exceed an amount equal to $750,000,000, provided that for purposes of this Section 5.13, “Debt” shall not include (i) Permitted Acquired Debt of any Consolidated Subsidiary, (ii) Debt of any Consolidated Subsidiary (other than the Borrower) outstanding as of the Closing Datedate hereof, and any Refinancings thereof, (iii) Debt of the Borrower or (iv) obligations under any Permitted Securitization Transaction, to the extent otherwise constituting Debt.
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