Common use of Subsidiary Indebtedness Clause in Contracts

Subsidiary Indebtedness. Permit any Subsidiary of the Borrower to create, incur, assume or suffer to exist any liability for Indebtedness, except Indebtedness which, when aggregated with all Indebtedness of the Subsidiaries of the Borrower (other than (a) Excluded Receivables Indebtedness, (b) any Indebtedness in respect of undrawn trade letters of credit, and (c) Indebtedness under each Affected Lease), does not exceed 10% of Tangible Net Worth.

Subsidiary Indebtedness. Permit any Subsidiary of the Borrower to create, incur, assume or suffer to exist any liability for Indebtedness, except (i) Indebtedness to the Company or any other Subsidiary, or (ii) Indebtedness which, when aggregated together with all outstanding Indebtedness of the Subsidiaries Company permitted under Section 7.02(a) and all outstanding Indebtedness of the Borrower (other than (a) Excluded Receivables Indebtedness, (b) any Indebtedness in respect of undrawn trade letters of credit, and (c) Indebtedness under each Affected Lease)Subsidiaries, does not exceed 1030% of Tangible Net WorthConsolidated Total Assets.

Subsidiary Indebtedness. Permit any Subsidiary of the Borrower to create, incur, assume or suffer to exist any liability for Indebtedness, except Indebtedness which, when aggregated with all Indebtedness of the Subsidiaries of the Borrower (Borrower, other than (a) Excluded Receivables Indebtedness, (b) Indebtedness and any Indebtedness in respect of evidenced by undrawn trade letters of credit, and (c) Indebtedness under each Affected Lease), does not exceed 1015% of Tangible Net Worth.

Subsidiary Indebtedness. Permit The Borrower will not permit any Subsidiary of the Borrower to create, incur, assume or suffer permit to exist any liability for IndebtednessIndebtedness or Attributable Debt, except Indebtedness which, when aggregated with all Indebtedness of the Subsidiaries of the Borrower (other than except: (a) Excluded Receivables Indebtedness, (b) any Indebtedness including Guarantees and obligations in respect of undrawn trade letters of creditcredit and letters of guaranty, existing on the Effective Date and set forth on Schedule 6.01 (i) individually, identifying the relevant Subsidiary and Indebtedness, in the case of any issue or item of Indebtedness having an outstanding principal amount in excess of $100,000,000 and (cii) Indebtedness under each Affected Lease), does not exceed 10% of Tangible Net Worth.in the aggregate with respect to all other such Indebtedness;

Subsidiary Indebtedness. Permit The Borrower agrees that it shall not permit any Subsidiary of the Borrower to create, incur, assume incur or suffer to exist any liability for Indebtedness, except Indebtedness which, when aggregated with in an aggregate amount for all Indebtedness of the such Subsidiaries of the Borrower (other than (a) Excluded Receivables Indebtedness, (b) any Indebtedness in respect of undrawn trade letters of credit, and (c) Indebtedness under each Affected Lease), does not at no time to exceed 10% of Tangible Consolidated Net WorthWorth at the time of determination. For purposes of determining the amount of "Indebtedness" under this Section 7.02, any guaranties issued by a Subsidiary with respect to Indebtedness of the Borrower shall constitute "Indebtedness" of such Subsidiary.

Subsidiary Indebtedness. Permit any Subsidiary of the Borrower to create, incur, assume or suffer to exist any liability for Indebtedness, except (i) Indebtedness to the Company or any other Subsidiary, or (ii) Indebtedness which, when aggregated together with all outstanding Indebtedness of the Subsidiaries Company permitted under Section 8.02(a) and all outstanding Indebtedness of the Borrower (other than (a) Excluded Receivables Indebtedness, (b) any Indebtedness in respect of undrawn trade letters of credit, and (c) Indebtedness under each Affected Lease)Subsidiaries, does not exceed 1030% of Tangible Net WorthConsolidated Total Assets.

Subsidiary Indebtedness. Permit any Subsidiary of the Borrower to create, incur, assume or suffer to exist any liability for Indebtedness, except (i) Indebtedness to the Company or any other Subsidiary, or (ii) Indebtedness which, when aggregated together with all outstanding Indebtedness of the Subsidiaries Company permitted under Section 8.2(a) and all outstanding Indebtedness of the Borrower (other than (a) Excluded Receivables Indebtedness, (b) any Indebtedness in respect of undrawn trade letters of credit, and (c) Indebtedness under each Affected Lease)Subsidiaries, does not exceed 1030% of Tangible Net WorthConsolidated Total Assets.

Subsidiary Indebtedness. Permit The Borrower will not permit any Subsidiary of the Borrower to create, incur, assume or suffer permit to exist any liability for IndebtednessIndebtedness or Attributable Debt, except Indebtedness which, when aggregated with all Indebtedness of the Subsidiaries of the Borrower (other than except: (a) Excluded Receivables Indebtedness, (b) any Indebtedness including Guarantees and obligations in respect of undrawn trade letters of creditcredit and letters of guaranty, existing on the Restatement Effective Date and set forth on Schedule 6.01 (i) individually, identifying the relevant Subsidiary and Indebtedness, in the case of any issue or item of Indebtedness having an outstanding principal amount in excess of $100,000,000 and (cii) Indebtedness under each Affected Lease), does not exceed 10% of Tangible Net Worth.in the aggregate with respect to all other such Indebtedness;

Subsidiary Indebtedness. Permit The Borrower agrees that it shall not permit any Subsidiary of the Borrower to create, incur, assume incur or suffer to exist any liability for Indebtedness, except Indebtedness which, when aggregated with in an aggregate amount for all Indebtedness of the such Subsidiaries of the Borrower (other than (a) Excluded Receivables Indebtedness, (b) any Indebtedness in respect of undrawn trade letters of credit, and (c) Indebtedness under each Affected Lease), does not at no time to exceed 10% of Tangible Consolidated Net WorthWorth at the time of determination. For purposes of determining the amount of “Indebtedness” under this Section 7.02, any guaranties issued by a Subsidiary with respect to Indebtedness of the Borrower shall constitute “Indebtedness” of such Subsidiary.