Common use of Limitation on Additional Indebtedness Clause in Contracts

Limitation on Additional Indebtedness. (a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, incur (as defined) any Indebtedness (including Acquired Indebtedness); provided that if no Default or Event of Default has occurred and is continuing at the time or as a consequence of the incurrence of such Indebtedness, the Company or any of its Restricted Subsidiaries may incur Indebtedness (including Acquired Indebtedness) if after giving effect to the incurrence of such Indebtedness and the receipt and application of the proceeds thereof, the Company's Consolidated Fixed Charge Coverage Ratio is at least 2.0 to 1.

Appears in 2 contracts

Samples: Affinity Group Holding, Inc., Affinity Group Inc

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Limitation on Additional Indebtedness. (aA) The Company shall will not, and shall will not permit any of its the Restricted Subsidiaries to, directly or indirectly, incur (as defined) any Indebtedness (including Acquired Indebtedness); provided PROVIDED that if no Default or Event of Default has shall have occurred and is be continuing at the time or as a consequence of the incurrence of such Indebtedness, the Company or any of its Restricted Subsidiaries may incur Indebtedness (including Acquired Indebtedness) if after giving effect to the incurrence of such Indebtedness and the receipt and application of the proceeds thereof, the Company's Consolidated Fixed Charge Coverage Ratio is at least greater than or equal to 2.0 to 1.

Appears in 1 contract

Samples: Indenture (Aavid Thermal Technologies Inc)

Limitation on Additional Indebtedness. (aA) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, incur (as defined) any Indebtedness (including Acquired Indebtedness); provided that that, if no Default or Event of Default has occurred and is continuing at the time or as a consequence of the incurrence of such Indebtedness, the Company or any of its Restricted Subsidiaries the Guarantors may incur Indebtedness (including Acquired Indebtedness) if after giving effect to the incurrence of such Indebtedness and the receipt and application of the proceeds thereof, the Company's Consolidated Fixed Charge Coverage Ratio is at least 2.0 to 1.

Appears in 1 contract

Samples: Mariner Health Care Inc

Limitation on Additional Indebtedness. (a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, incur (as defined) any Indebtedness (including Acquired Indebtedness); provided that if no Default or Event of Default has occurred and is continuing at the time or as a consequence of the incurrence of such Indebtedness, the Company or any of its Restricted Subsidiaries may incur Indebtedness (including Acquired Indebtedness) if after giving effect to the incurrence of such Indebtedness and the receipt and application of the proceeds thereof, the Company's ’s Consolidated Fixed Charge Coverage Ratio is at least 2.0 2:00 to 1.

Appears in 1 contract

Samples: Indenture (Transportation Technologies Industries Inc)

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Limitation on Additional Indebtedness. (ai) The Company shall not, and shall not permit any Restricted Subsidiary of its Restricted Subsidiaries the Company to, directly or indirectly, incur (as defined) any Indebtedness (including Acquired IndebtednessIndebtedness and including Disqualified Capital Stock); provided that if no Default or Event of Default has occurred and is continuing at the time or as a consequence of the incurrence of such Indebtedness, the Company or any of its Restricted Subsidiaries the Guarantors may incur Indebtedness (including Acquired IndebtednessIndebtedness or Disqualified Capital Stock) if (a) after giving effect to the incurrence of such Indebtedness and the receipt and application of the proceeds thereof, the Company's Consolidated Fixed Charge Coverage Ratio is at least 2.0 to 11 and (b) no Default or Event of Default shall have occurred and be continuing at the time or as a consequence of the incurrence of such Indebtedness.

Appears in 1 contract

Samples: Indenture (United Industries Corp)

Limitation on Additional Indebtedness. (a) The Company shall will not, and shall will not permit any of its Restricted Subsidiaries to, directly or indirectly, incur (as defined) any Indebtedness (including Acquired Indebtedness); provided that if no Default or Event of Default has shall have occurred and is be continuing at the time or as a consequence of the incurrence of such Indebtedness, the Company or Issuers and any of its Restricted Subsidiaries the Guarantors may incur Indebtedness (including Acquired Indebtedness) if after giving effect to the incurrence of such Indebtedness and the receipt and application of the proceeds thereof, the Company's Consolidated Fixed Charge Coverage Leverage Ratio is at least 2.0 less than 6.0 to 1.

Appears in 1 contract

Samples: Business Sound Inc

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