Indebtedness of Subsidiaries. The Company will not permit the sum of (a) the aggregate outstanding principal amount of Indebtedness of Subsidiaries (other than Permitted Subsidiary Indebtedness) and (b) Specified Company Indebtedness at any time to exceed 15% of Consolidated Net Assets.
Appears in 2 contracts
Samples: Credit Agreement (TRW Inc), Credit Agreement (TRW Inc)
Indebtedness of Subsidiaries. The Company will not ----------------------------- permit the sum of (a) the aggregate outstanding principal amount of Indebtedness of Subsidiaries (other than Permitted Subsidiary Indebtedness) and (b) Specified Company Indebtedness at any time to exceed 15% of Consolidated Net Assets.
Appears in 2 contracts
Samples: Credit Agreement (TRW Inc), Credit Agreement (TRW Inc)
Indebtedness of Subsidiaries. The Company Borrower will not permit the sum of (a) the aggregate outstanding principal amount of Indebtedness of Subsidiaries (other than Permitted Subsidiary Indebtedness) and (b) Specified Company Borrower Indebtedness at any time to exceed 15% of Consolidated Net Assets.
Appears in 1 contract
Samples: Term Credit Agreement (TRW Inc)
