Common use of Limitation on Priority Indebtedness Clause in Contracts

Limitation on Priority Indebtedness. The Company will not at any time permit Priority Indebtedness to exceed 15% of Consolidated Total Assets.

Appears in 4 contracts

Samples: Private Shelf Agreement (RGC Resources Inc), Private Shelf Agreement (RGC Resources Inc), Private Shelf Agreement (RGC Resources Inc)

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Limitation on Priority Indebtedness. The Company will not at any time permit Priority Indebtedness to exceed 15% of Consolidated Total AssetsTangible Net Worth. Section 10.7.

Appears in 1 contract

Samples: Ugi Corp /Pa/

Limitation on Priority Indebtedness. The Company will not at any time permit Priority Indebtedness to exceed 15% of Consolidated Total Assetsthe Company’s capitalization, as shown on the Company’s balance sheet most recently delivered pursuant to Section 7.1(a) or Section 7.1(b).

Appears in 1 contract

Samples: Lease Agreement (InfraREIT, Inc.)

Limitation on Priority Indebtedness. The Company will not at any time permit Priority Indebtedness to exceed 1525% of Consolidated Total AssetsAssets as at the end of the fiscal quarter of the Company most recently ended at such time.

Appears in 1 contract

Samples: Sharing Agreement (Kadant Inc)

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Limitation on Priority Indebtedness. The Company will not at any time permit Priority Indebtedness to exceed 1530% of Consolidated Total AssetsTangible Net Worth.

Appears in 1 contract

Samples: Note Purchase Agreement (Andersons Inc)

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