Common use of Limitation on Subsidiary Debt Clause in Contracts

Limitation on Subsidiary Debt. The Borrower will not permit any Subsidiary or any CSX Conrail Subsidiary to create, incur or assume any Debt (other than Debt substantially secured by a Lien or Liens on assets of such Subsidiary or such CSX Conrail Subsidiary permitted under Section 6.02) after the Closing Date, except:

Appears in 8 contracts

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

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Limitation on Subsidiary Debt. The Borrower will not ----------------------------- permit any Subsidiary or any CSX Conrail Subsidiary to create, incur or assume any Debt (other than Debt substantially secured by a Lien or Liens on assets of such Subsidiary or such CSX Conrail Subsidiary permitted under Section 6.02) after the Closing Date, except:

Appears in 2 contracts

Samples: Conformed Copy (CSX Corp), Conformed Copy (CSX Corp)

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Limitation on Subsidiary Debt. The Borrower will not permit any Subsidiary or any CSX Conrail Subsidiary to create, incur or assume any Debt (other than Debt substantially secured by a Lien or Liens on assets of such Subsidiary or such CSX Conrail Subsidiary permitted under Section 6.026.03) after the Closing Effective Date (or, in the case of any CSX Conrail Subsidiary, after the Control Date), except:

Appears in 1 contract

Samples: Credit Agreement (CSX Corp)

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