Limitation on Secured Indebtedness. The Company shall not, and shall not permit any Subsidiary to, incur, issue, assume, or guarantee any Indebtedness secured by a Lien on any Principal Property or on any Capital Stock or Indebtedness of any Subsidiary of the Company owning any Principal Property, owned or acquired by the Company or any Subsidiary of the Company, without effectively providing that the outstanding Notes and the Securities Guarantees (together with, if the Company shall so determine, any other Indebtedness of the Company or such Subsidiary then existing or thereafter created which is not subordinate to the Notes or the Securities Guarantees) shall be secured equally and ratably with (or prior to) such secured Indebtedness so long as such secured Indebtedness shall be so secured. The foregoing restrictions do not apply to:
Appears in 12 contracts
Samples: First Supplemental Indenture (Keurig Dr Pepper Inc.), Twelfth Supplemental Indenture (Keurig Dr Pepper Inc.), Eleventh Supplemental Indenture (Keurig Dr Pepper Inc.)
Limitation on Secured Indebtedness. The Company shall not, and shall not permit any Subsidiary to, incur, issue, assume, or guarantee any Indebtedness secured by a Lien on any Principal Property or on any Capital Stock or Indebtedness of any Subsidiary of the Company owning any Principal Property, whether now owned or hereafter acquired by the Company or any Subsidiary of the Company, without effectively providing that the outstanding Notes Notes, the Parent Guarantee, if any, and the Securities Guarantees Subsidiary Guarantees, if any (together with, if the Company shall so determine, any other Indebtedness of the Company or such Subsidiary then existing or thereafter created which is not subordinate to the Notes or Notes, the Securities Parent Guarantee, if any, and the Subsidiary Guarantees, if any) shall be secured equally and ratably with (or prior to) such secured Indebtedness so long as such secured Indebtedness shall be so secured. The foregoing restrictions do not apply to:
Appears in 6 contracts
Samples: Third Supplemental Indenture (Keurig Dr Pepper Inc.), First Supplemental Indenture (Keurig Dr Pepper Inc.), Fifth Supplemental Indenture (Keurig Dr Pepper Inc.)
Limitation on Secured Indebtedness. The Company shall not, and shall not permit any Subsidiary of its Subsidiaries to, incur, issue, assume, assume or guarantee any Indebtedness secured by a Lien on any Principal Property or on any Capital Stock or Indebtedness of any Subsidiary of the Company owning any Principal Property, whether now owned or hereafter acquired by the Company or any Subsidiary of the Company, without effectively providing that the outstanding Notes and the Securities Subsidiary Guarantees (together with, if the Company shall so determine, any other Indebtedness of the Company or such Subsidiary then existing or thereafter created which is not subordinate to the Notes or the Securities Subsidiary Guarantees) shall be secured equally and ratably with (or prior to) such secured Indebtedness so long as such secured Indebtedness shall be so secured. The foregoing restrictions do not apply to:
Appears in 1 contract
