Common use of Limitation on Incurrence of Debt Clause in Contracts

Limitation on Incurrence of Debt. (a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, issue, assume, guaranty or otherwise become directly or indirectly liable with respect to, contingently or otherwise (collectively, "incur"), any Debt (including Acquired Debt), unless (x) no Default or Event of Default would occur after giving effect on a pro forma basis to such incurrence, and (y) the Consolidated Debt to EBITDA Ratio on the date on which such additional Debt is incurred would have been less than 6.0 to 1, determined on a pro forma basis giving effect to such incurrence (including a pro forma application of the net proceeds therefrom).

Limitation on Incurrence of Debt. (a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, issue, assume, guaranty or otherwise become directly or indirectly liable with respect to, contingently or otherwise (collectively, "“incur"”), any Debt (including Acquired Debt), unless (x) no Default or Event of Default would occur after giving effect on a pro forma basis to such incurrence, and (y) the Consolidated Debt to EBITDA Ratio on the date on which such additional Debt is incurred would have been less than 6.0 to 1, determined on a pro forma basis giving effect to such incurrence (including a pro forma application of the net proceeds therefrom).