Indebtedness of the Borrower owing to any Subsidiary and of any Subsidiary owing to the Borrower or any other Subsidiary; provided, that any such Indebtedness that is owed by a Subsidiary that is not a Subsidiary Loan Party shall be subject to Section 7.4;
Indebtedness of the Borrower. The Borrower shall not create, assume, incur or otherwise become or remain obligated in respect of, or permit to be outstanding, and the Borrower shall not permit any of its Subsidiaries to create, assume, incur or otherwise become or remain, obligated in respect of, or permit to be outstanding, any Indebtedness except:
Indebtedness of the Borrower owing to any Subsidiary and of any Subsidiary owing to the Borrower or any other Subsidiary;
Indebtedness of the Borrower or any Subsidiary of the Borrower supported by a Letter of Credit, in a principal amount not in excess of the stated amount of such Letter of Credit;
Indebtedness of the Borrower owing to any Subsidiary and of any Subsidiary owing to the Borrower or any other Subsidiary, provided that, in the case of Indebtedness of the Borrower owing to any Subsidiary, the payment of such Indebtedness is subordinate to the payment of the Obligations in a manner satisfactory to the Administrative Agent;
Indebtedness of the Borrower. The Borrower will not incur, create, assume or permit to exist Indebtedness (other than guarantees existing as of [the date hereof] and guarantees of any obligations of Subsidiaries) in an amount at any time in excess of the sum of the following:
Indebtedness of the Borrower owing to a Restricted Subsidiary; provided thatany such Indebtedness owing to a Restricted Subsidiary that is not a Subsidiary Guarantor isunsecured and subordinated in right of payment to the Obligations; provided, further, that anysubsequent issuance or transfer of any Capital Stock or any other event which results in any suchRestricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer ofany such Indebtedness (except to the Borrower or another Restricted Subsidiary) shall bedeemed, in each case, to be an incurrence of such Indebtedness not permitted by this subclause(b)(ix); (x)
Indebtedness of the Borrower to (i) any and all Guarantors (other than Xxxxxxx & Xxxxxx, Chiswick Trust and R&M Trust) in an aggregate amount not to exceed $20,000,000 at any time and (ii) any and all other Subsidiaries of the Borrower (other than Xxxxxxx & Xxxxxx, Chiswick Trust and R&M Trust) in an aggregate amount not to exceed $5,000,000 at any time; provided, however, that any and all Indebtedness under clause (i) or (ii) -------- ------- of this subsection (j) shall be subordinated to the Obligations on terms and conditions satisfactory to the Agent;
Indebtedness of the Borrower owing to a Restricted Subsidiary or of a Restricted Subsidiary owing to the Borrower or a Restricted Subsidiary; provided that if the Borrower or a Guarantor incurs such Indebtedness owing to a Restricted Subsidiary that is not a Guarantor, such Indebtedness is subordinated in right of payment to the Guarantee of such Guarantor as the case may be (it being understood that any such Indebtedness under this paragraph (g) shall be permitted to the extent permitted as an Investment pursuant to Section 10.6);
Indebtedness of the Borrower owing to any Subsidiary or of any Subsidiary owing to any other Subsidiary or the Borrower to the extent constituting an Investment permitted by Section 6.04; provided that (i) all such Indebtedness of any Loan Party owing to any Subsidiary that is not a Loan Party shall be subordinated to the Obligations on terms (1) at least as favorable to the Lenders as those set forth in the form of intercompany note attached as Exhibit H hereto or (2) otherwise reasonably satisfactory to the Administrative Agent, and (ii) all such Indebtedness owing by a Subsidiary that is not a Loan Party to any Loan Party shall be evidenced by a note and pledged as Collateral for the Obligation;
