Common use of Limitations on Indebtedness Clause in Contracts

Limitations on Indebtedness. The Guarantors will not, and will not permit any of their Subsidiaries to, directly or indirectly, issue, incur, assume or otherwise become liable for or in respect of any Funded Indebtedness unless, after giving effect thereto, the Funded Indebtedness of BIP, calculated on a consolidated basis, would not exceed 75% of Total Consolidated Capitalization.

Appears in 12 contracts

Samples: Guarantee (Brookfield Infrastructure Partners L.P.), Guarantee (Brookfield Infrastructure Partners L.P.), Guarantee (Brookfield Infrastructure Partners L.P.)

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Limitations on Indebtedness. The Guarantors Guarantor will not, and will not permit any of their its Subsidiaries to, directly or indirectly, issue, incur, assume or otherwise become liable for or in respect of any Funded Indebtedness unless, after giving effect thereto, the Funded Indebtedness of BIPBREP, calculated on a consolidated basis, would not exceed 75% of Total Consolidated Capitalization.

Appears in 8 contracts

Samples: Guarantee (Brookfield Renewable Energy Partners L.P.), Guarantee (Brookfield Renewable Corp), Guarantee (Brookfield Renewable Energy Partners L.P.)

Limitations on Indebtedness. The Guarantors Guarantor will not, and will not permit any of their its Subsidiaries to, directly or indirectly, issue, incur, assume or otherwise become liable for or in respect of any Funded Indebtedness unless, after giving effect thereto, the Funded Indebtedness of BIPthe Guarantor, calculated on a consolidated basis, would not exceed 75% of Total Consolidated Capitalization.

Appears in 1 contract

Samples: Guarantee (Brookfield Renewable Energy Partners L.P.)

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Limitations on Indebtedness. The Guarantors Guarantor will not, and will not permit any of their its Subsidiaries to, directly or indirectly, issue, incur, assume or otherwise become liable for or in respect of any Funded Indebtedness unless, after giving effect thereto, the Funded Indebtedness of BIP, calculated on a consolidated basis, would not exceed 75% of Total Consolidated Capitalization.

Appears in 1 contract

Samples: Guarantee (Brookfield Infrastructure Partners L.P.)

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