Common use of Limitation on Subsidiary Debt Clause in Contracts

Limitation on Subsidiary Debt. The Borrower will not, at any time, permit any Subsidiary to, directly or indirectly, create, incur, assume, guarantee, have outstanding, or otherwise become or remain directly or indirectly liable with respect to any Debt other than:

Appears in 3 contracts

Samples: Credit Agreement (Hub International LTD), Credit Agreement (Hub International LTD), Hub International LTD

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Limitation on Subsidiary Debt. The Borrower will not, at any time, shall not permit any Subsidiary toto create, directly or indirectly, createassume, incur, assume, guarantee, have outstanding, guarantee or otherwise become or remain directly or indirectly liable with in respect to of any Debt other thanexcept:

Appears in 2 contracts

Samples: Credit Agreement (Grainger W W Inc), Credit Agreement (Grainger W W Inc)

Limitation on Subsidiary Debt. The Borrower will not, at any time, not permit any Subsidiary to, directly or indirectly, to create, incur, assume, guarantee, have outstanding, incur or otherwise become or remain directly or indirectly liable with respect to assume any Debt (other thanthan Debt substantially secured by a Lien or Liens on assets of such Subsidiary permitted under Section 6.02) after the Closing Date, except:

Appears in 2 contracts

Samples: Credit Agreement (CSX Corp), Credit Agreement (CSX Corp)

Limitation on Subsidiary Debt. (a) The Borrower will not, at any time, shall not permit any Subsidiary toto Incur, assume or otherwise cause or suffer to exist, directly or indirectly, create, incur, assume, guarantee, have outstanding, or otherwise become or remain directly or indirectly liable with respect to any Debt other than:Debt.

Appears in 2 contracts

Samples: Credit Agreement (Cogentrix Energy Inc), Credit Agreement (Cogentrix Energy Inc)

Limitation on Subsidiary Debt. The (a)The Borrower will not, at any time, shall not permit any Subsidiary toto Incur, assume or otherwise cause or suffer to exist, directly or indirectly, create, incur, assume, guarantee, have outstanding, or otherwise become or remain directly or indirectly liable with respect to any Debt other than:Debt.

Appears in 1 contract

Samples: Credit Agreement (Cogentrix Delaware Holdings Inc)

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Limitation on Subsidiary Debt. The Borrower Company will not, at any time, permit any Subsidiary to, directly or indirectly, create, incur, assume, guarantee, have outstanding, or otherwise become or remain directly or indirectly liable with respect to any Debt other than:

Appears in 1 contract

Samples: Hub International (Hub International LTD)

Limitation on Subsidiary Debt. The Borrower will not, at any time, shall not permit any Subsidiary toto Incur, assume or otherwise cause or suffer to exist, directly or indirectly, create, incur, assume, guarantee, have outstanding, or otherwise become or remain directly or indirectly liable with respect to any Debt other than:Debt.

Appears in 1 contract

Samples: Credit Agreement (Cogentrix Energy Inc)

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