Common use of Limitations on Additional Indebtedness Clause in Contracts

Limitations on Additional Indebtedness. (a) The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Company or any Guarantor may incur additional Indebtedness if, after giving effect thereto, the Consolidated Interest Coverage Ratio, determined on a pro forma basis giving effect to such incurrence and the application of the proceeds thereof, would be at least 2.25 to 1.00 (the “Coverage Ratio Exception”).

Appears in 1 contract

Samples: Indenture (Phi Inc)

AutoNDA by SimpleDocs

Limitations on Additional Indebtedness. (a) The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Company or any Guarantor may incur additional Indebtedness if, after giving effect thereto, the Consolidated Interest Coverage Ratio, determined on a pro forma basis giving effect to such incurrence and the application of the proceeds thereof, Ratio would be at least 2.25 to 1.00 (the "Coverage Ratio Exception").;

Appears in 1 contract

Samples: Helicopter Management LLC

Limitations on Additional Indebtedness. (a) The Company will shall not, and will not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Company -------- Company, any Guarantor or any Guarantor Accounts Receivable Entity may incur additional Indebtedness if, after giving effect thereto, the Consolidated Interest Coverage Ratio, determined on a pro forma basis giving effect to such incurrence and the application of the proceeds thereof, Ratio would be at least 2.25 to 1.00 (the "Coverage Ratio Exception").. ------------------------

Appears in 1 contract

Samples: Indenture (Us Oncology Inc)

Limitations on Additional Indebtedness. (a) The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Company or any Guarantor may incur additional Indebtedness if, after giving effect thereto, the Consolidated Interest Coverage Ratio, determined on a pro forma basis giving effect to such incurrence and the application of the proceeds thereof, Ratio would be at least 2.25 to 1.00 (the “Coverage Ratio Exception”).

Appears in 1 contract

Samples: Indenture (Phi Inc)

AutoNDA by SimpleDocs

Limitations on Additional Indebtedness. (a) The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Company or any Guarantor may incur additional Indebtedness if, after giving effect thereto, the Consolidated Interest Coverage Ratio, determined on a pro forma basis giving effect to such incurrence and the application of the proceeds thereof, would be at least 2.25 2.00 to 1.00 (the “Coverage Ratio Exception”).

Appears in 1 contract

Samples: Indenture (Phi Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.