Limitation on Guarantees of Debt by Restricted Subsidiaries. (a) The Company will not permit any of its Restricted Subsidiaries that is not a Guarantor to guarantee the payment of any Debt of the Company or any Guarantor (other than Debt Incurred by any Guarantor as primary obligor under Section 4.09(b)(15) (and in each case any refinancings thereof)) in an aggregate principal amount at any one time outstanding in excess of the greater of (i) $50.0 million and (ii) 2.5% of Adjusted Consolidated Net Tangible Assets, unless:
Appears in 3 contracts
Samples: Senior Notes Indenture (Kosmos Energy Ltd.), Senior Notes Indenture (Kosmos Energy Ltd.), Senior Notes Indenture (Kosmos Energy Ltd.)
Limitation on Guarantees of Debt by Restricted Subsidiaries. (a) The Company will not permit any of its Restricted Subsidiaries that is not a Guarantor to guarantee the payment of any Debt of the Company or any Guarantor (other than Debt Incurred by any Guarantor as primary obligor under Section Section 4.09(b)(15) (and in each case any refinancings thereof)) in an aggregate principal amount at any one time outstanding in excess of the greater of (i) $50.0 million and (ii) 2.5% of Adjusted Consolidated Net Tangible Assets, unless:
Appears in 1 contract
Limitation on Guarantees of Debt by Restricted Subsidiaries. (a) The Company will not permit any of its Restricted Subsidiaries that is not a Guarantor to guarantee the payment of any Debt of the Company or any Guarantor (other than Debt Incurred by any Guarantor as primary obligor under Section Section 4.09(b)(15) (and in each case any refinancings thereof)) in an aggregate principal amount at any one time outstanding in excess of the greater of (i) U.S. $50.0 million and (ii) 2.5% of Adjusted Consolidated Net Tangible Assets, unless:
Appears in 1 contract
Samples: Senior Secured Notes Indenture (Kosmos Energy Ltd.)
