Common use of Current Debt Clause in Contracts

Current Debt. The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume, guarantee, or otherwise become directly or indirectly liable with respect to, any Current Debt, other than Existing Current Debt, InterCompany Debt and Swaps, unless, immediately after giving effect thereto and to the application of the proceeds thereof, (a) no Default or Event of Default exists, and (b) there shall have been a period of 30 consecutive days during the period of 12 consecutive months then most recently ended on each day of which either 108 (i) no Consolidated Current Debt was outstanding, or (ii) the Company or such Restricted Subsidiary could have incurred (but did not incur) Senior Funded Debt pursuant to Section 10. 1 in an amount not less than the amount of Consolidated Current Debt outstanding on such day. Any Person becoming a Restricted Subsidiary at any time shall be deemed to have incurred at such time all of its Debt outstanding at such time.

Current Debt. The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume, guarantee, or otherwise become directly or indirectly liable with respect to, any Current Debt, other than Existing Current Debt, InterCompany Debt and Swaps, unless, immediately after giving effect thereto and to the application of the proceeds thereof, (a) no Default or Event of Default exists, and (b) there shall have been a period of 30 consecutive days during the period of 12 consecutive months then most recently ended on each day of which either 108either (i) no Consolidated Current Debt was outstanding, or (ii) the Company or such Restricted Subsidiary could have incurred (but did not incur) Senior Funded Debt pursuant to Section 10. 1 10.1 in an amount not less than the amount of Consolidated Current Debt outstanding on such day. Any Person becoming a Restricted Subsidiary at any time shall be deemed to have incurred at such time all of its Debt outstanding at such time.

Current Debt. The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume, guarantee, or otherwise become directly or indirectly liable with respect to, any Current Debt, other than Existing Current Debt, InterCompany Inter-Company Debt and Swaps, unless, immediately after giving effect thereto and to the application of the proceeds thereof, (a) no Default or Event of Default exists, and (b) there shall have been a period of 30 consecutive days during the period of 12 consecutive months then most recently ended on each day of which either 108either (i) no Consolidated Current Debt was outstanding, or (ii) the Company or such Restricted Subsidiary could have incurred (but did not incur) Senior Funded Debt pursuant to Section 10. 1 10.1 in an amount not less than the amount of Consolidated Current Debt outstanding on such day. Any Person becoming a Restricted Subsidiary at any time shall be deemed to have incurred at such time all of its Debt outstanding at such time.