Common use of Limitation on Incurrence of Additional Indebtedness Clause in Contracts

Limitation on Incurrence of Additional Indebtedness. (a) The Company will not, and will not cause or permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Indebtedness, including Acquired Indebtedness, except that the Issuer and/or any of the Note Guarantors may Incur Indebtedness, including Acquired Indebtedness, if, at the time of and immediately after giving pro forma effect to the Incurrence thereof and the application of the proceeds therefrom, the Consolidated Fixed Charge Coverage Ratio of the Company is greater than or equal to 2.0 to 1.0.

Appears in 8 contracts

Samples: Indenture (Cemex Sab De Cv), Indenture (Cemex Sab De Cv), Cemex Sab De Cv

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Limitation on Incurrence of Additional Indebtedness. (a) The Company will not, and will not cause or permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Indebtedness, Indebtedness (including Acquired Indebtedness) other than Permitted Indebtedness; provided, except however, that the Issuer and/or Company and any of the Note Guarantors Guarantor may Incur Indebtedness, including Acquired Indebtedness, Indebtedness if, at the time of and immediately after giving pro forma effect to the Incurrence thereof and the application of the proceeds therefrom, the Consolidated Fixed Charge Coverage Ratio of the Company is greater than or equal to 2.0 to 1.0.

Appears in 2 contracts

Samples: BGF Industries Inc, Advanced Glassfiber Yarus LLC

Limitation on Incurrence of Additional Indebtedness. (a1) The Company will not, and will not cause or permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Indebtedness, Indebtedness (including Acquired Indebtedness) other than Permitted Indebtedness; provided, except that the Issuer and/or Company and any of the Note Guarantors Guarantor may Incur Indebtedness, Indebtedness (including Acquired Indebtedness, ) if, at the time of and immediately after giving pro forma effect to the Incurrence thereof and the application of the proceeds therefrom, the Consolidated Fixed Charge Coverage Ratio of the Company is greater than or equal to 2.0 to 1.0.

Appears in 1 contract

Samples: Indenture (Global Imaging Systems Inc)

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Limitation on Incurrence of Additional Indebtedness. (a) The Company will not, and will not cause or permit any of its Restricted Subsidiaries to, directly or indirectly, Incur incur any Indebtedness, including Acquired other than Permitted Indebtedness; provided, except however, that the Issuer and/or Company, any of Guarantor (or a Restricted Subsidiary which guarantees the Note Guarantors may Incur Indebtedness, including Acquired Indebtedness, if, Notes at the time of and immediately such incurrence) may incur Indebtedness if on the date of the incurrence of such Indebtedness, after giving pro forma effect to the Incurrence incurrence thereof and the application of the proceeds therefrom, the Consolidated Fixed Charge Coverage Ratio of the Company is would be equal to or greater than or equal to 2.0 to 1.0.

Appears in 1 contract

Samples: Indenture (KLX Inc.)

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