Funded Debt of Clause Samples
Funded Debt of a Borrower Party or any Subsidiary of a Borrower Party that is unsecured or secured by Permitted Liens described in clause (f) of the definition of Permitted Liens set forth in Article 1 (including without limitation Capitalized Lease Obligations), collectively, not to exceed the aggregate principal amount of $25,000,000 at any time outstanding;
Funded Debt of a Person being acquired by a Co-Borrower which will remain outstanding at the time of acquisition of the stock or assets of such Person; provided that at the time of such acquisition Co-Borrowers shall be in compliance with section 5(a)(iii) on a pro forma basis (including EBITDA as determined in accordance with GAAP) of the Person being acquired) after giving effect to such acquisition; and provided further Banks and Co-Borrowers agree upon the EBITDA for the twelve month period preceding the date of acquisition of the Person being acquired which agreed upon EBITDA shall be used in determining compliance with section 5(a)(iii).
Funded Debt of the Company issued under and subject to the terms of the Master Shelf Agreement, provided, that the aggregate principal amount of such additional Funded Debt so issued shall not exceed $50,000,000 and that the average life of such additional Funded Debt shall be equal to or greater than six years from the date of issuance; and provided, further, that after giving effect to the issuance of such Funded Debt and the application of the proceeds thereof on the issuance date no Default shall exist and the Company shall have delivered to the Agent a certificate of a Financial Officer of the Company in reasonable detail demonstrating compliance with Section 6.5 after giving effect to such issuance and application.