Common use of Disqualified Stock Clause in Contracts

Disqualified Stock. The amount of Indebtedness of any Person at any date shall be, without duplication, (a) the outstanding balance at such date of all unconditional obligations as described above and the reasonably anticipated liability of any such Contingent Obligations at such date and (b) in the case of Indebtedness of others secured by a Lien to which the property or assets owned or held by such Person is subject, the lesser of the fair market value at such date of any asset subject to a Lien securing the Indebtedness of others and the amount of the Indebtedness secured.

Disqualified Stock. The amount of Indebtedness of any Person at any date shall be, be without duplication, duplication (ai) the outstanding balance at such date of all unconditional obligations as described above and the reasonably anticipated maximum liability of any such Contingent Obligations at such date and (bii) in the case of Indebtedness of others secured by a Lien to which the property or assets owned or held by such Person is subject, the lesser of the fair market value at such date of any asset subject to a Lien securing the Indebtedness of others and the amount of the Indebtedness secured.

Disqualified Stock. The amount of Indebtedness of any Person at any date shall be, be without duplication, duplication (a1) the outstanding balance at such date of all unconditional obligations as described above and the reasonably anticipated maximum liability of any such Contingent Obligations at such date and (b2) in the case of Indebtedness of others secured by a Lien to which the property or assets owned or held by such Person is subject, the lesser of the fair market value at such date of any asset subject to a Lien securing the Indebtedness of others and the amount of the Indebtedness secured.

Disqualified Stock. The amount of Indebtedness of any Person at any date shall be, be without duplication, duplication (a) the outstanding balance at such date of all unconditional obligations as described above and the reasonably anticipated maximum liability of any such Contingent Obligations at such date and (b) in the case of Indebtedness of others secured by a Lien to which the property or assets owned or held by such Person is subject, the lesser of the fair market value at such date of any asset subject to a Lien securing the Indebtedness of others and the amount of the Indebtedness secured.