Common use of Limitations on Additional Indebtedness Clause in Contracts

Limitations on Additional Indebtedness. (a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Issuer or any Guarantor may incur additional Indebtedness and any Restricted Subsidiary may incur Acquired Indebtedness, in each case, if, after giving effect thereto, the Consolidated Interest Coverage Ratio would be at least 2.00 to 1.00 (the “Coverage Ratio Exception”); provided, however, that Acquired Indebtedness shall not exceed an aggregate principal amount of $20.0 million at any time outstanding.

Appears in 5 contracts

Samples: Basic Energy Services (Basic Energy Services Inc), Basic Energy Services (Basic Energy Services Inc), Basic Energy Services (Basic Energy Services Inc)

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Limitations on Additional Indebtedness. (a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Issuer or any Guarantor may incur additional Indebtedness and any Restricted Subsidiary may incur Acquired Indebtedness, in each case, case (1) if, after giving effect thereto, the Consolidated Interest Coverage Ratio would be at least 2.00 to 1.00 (the “Coverage Ratio Exception”); provided, however, that ) and (2) if such additional Indebtedness or Acquired Indebtedness shall not exceed is in an aggregate principal amount in excess of $20.0 million at any time outstanding.10,000,000, either:

Appears in 1 contract

Samples: Indenture (American Greetings Corp)

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Limitations on Additional Indebtedness. (a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Issuer or any Guarantor may incur additional Indebtedness and any Restricted Subsidiary may incur Acquired Indebtedness, in each case, (1) if, after giving effect thereto, the Consolidated Interest Coverage Ratio would be at least 2.00 to 1.00 (the “Coverage Ratio Exception”); provided, however, that ) and (2) if such additional Indebtedness or Acquired Indebtedness shall not exceed is in an aggregate principal amount in excess of $20.0 million at any time outstanding.10,000,000, either:

Appears in 1 contract

Samples: Supplemental Indenture (American Greetings Corp)

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