Maximum Senior Indebtedness Clause Samples
Maximum Senior Indebtedness. Permit Senior Indebtedness of Borrower and its Subsidiaries on a consolidated basis to exceed at any time outstanding $125,000,000 from the Closing Date through March 31, 2003.
Maximum Senior Indebtedness. Section 10.2(k)(v) of the Participation Agreement is amended and restated in its entirety as follows:
Maximum Senior Indebtedness. Borrower agrees that (A) the aggregate principal amount of the Obligations and the Senior Secured Debt shall not exceed the Borrowing Base (as such term is defined in the Senior Note Indenture) measured as at the end of each fiscal quarter, and (B) Senior Indebtedness shall not exceed the amount achieved by multiplying the Borrower’s trailing twelve month EBITDA by the following amounts: (i) 2.75 for the third fiscal quarter and fourth fiscal quarter of Borrower’s 2008 fiscal year, (ii) 2.50 for the first fiscal quarter, second fiscal quarter of and third fiscal quarter of Borrower’s 2009 fiscal year, (ii) 2.35 for each fiscal quarter from and after the fourth fiscal quarter of Borrower’s 2009 fiscal year.
Maximum Senior Indebtedness. Permit Lessee's Senior Indebtedness to exceed at any time the sum of $125,000,000 from the Closing Date through March 31, 2003.
Maximum Senior Indebtedness. Permit Senior Indebtedness of Lessee and its Subsidiaries on a consolidated basis to exceed at any time outstanding $145,000,000.