Common use of Priority Debt Clause in Contracts

Priority Debt. The Company will not permit Priority Debt to exceed 20% of Consolidated Net Worth (as of the end of the Company’s then most recently completed fiscal quarter) at any time.

Appears in 7 contracts

Sources: Note Purchase Agreement (Caseys General Stores Inc), Note Purchase Agreement (Caseys General Stores Inc), Note Purchase Agreement (Caseys General Stores Inc)

Priority Debt. The Company will not permit Priority Debt to exceed 2015% of Consolidated Net Worth Total Assets (as of the end of the Company’s then most recently completed fiscal quarter) at any time.

Appears in 7 contracts

Sources: Note Purchase Agreement (Patterson Companies, Inc.), Note Purchase Agreement (Patterson Companies, Inc.), Note Purchase Agreement

Priority Debt. The Company will not at any time permit Priority Debt to exceed 20% of Consolidated Net Worth (as of the end of the Company’s then most recently completed fiscal quarter) at any such time.

Appears in 4 contracts

Sources: Master Note Purchase Agreement (Arch Chemicals Inc), Master Note Purchase Agreement (Arch Chemicals Inc), Note Purchase and Private Shelf Agreement (Arch Chemicals Inc)

Priority Debt. The Company will not permit Priority Debt to exceed 2025% of Consolidated Net Worth (as of the end of the Company’s then most recently completed fiscal quarter) at any time.

Appears in 3 contracts

Sources: Note Purchase Agreement (Tetra Technologies Inc), Note Purchase Agreement (Tetra Technologies Inc), Master Note Purchase Agreement (Tetra Technologies Inc)

Priority Debt. The Company will not at any time permit the aggregate amount of all Priority Debt to exceed 20% of Consolidated Net Worth (Worth, determined as of the end of the Company’s then most recently completed ended fiscal quarter) at any timequarter of the Company.

Appears in 3 contracts

Sources: Note Purchase Agreement (Eagle Materials Inc), Note Purchase Agreement (Old Dominion Freight Line Inc/Va), Note Purchase Agreement (Old Dominion Freight Line Inc/Va)

Priority Debt. The Company will not at any time permit Priority Debt to exceed 20% of Consolidated Net Worth (determined as of the end of the Company’s then most recently completed fiscal quarter) at any time).

Appears in 3 contracts

Sources: Master Note Agreement (CERNER Corp), Master Note Agreement (CERNER Corp), Master Note Purchase Agreement (Cerner Corp /Mo/)

Priority Debt. The Company will not permit Priority Debt at any time to exceed 20% of Consolidated Net Worth (as of the end of the Company’s then most recently completed fiscal quarter) at any timequarter of the Company.

Appears in 3 contracts

Sources: Master Note Purchase Agreement (Polaris Inc.), Master Note Purchase Agreement (Polaris Industries Inc/Mn), Master Note Purchase Agreement (Polaris Industries Inc/Mn)

Priority Debt. The Company will not at any time permit Priority Debt to exceed 20% of Consolidated Net Worth (as of the end of the Company’s then most recently completed fiscal quarter) at any timeWorth.

Appears in 2 contracts

Sources: Note Purchase Agreement (Sonic Corp), Senior Notes Agreement (Hughes Supply Inc)

Priority Debt. The Company will not at any time permit Priority Debt to exceed 20% of Consolidated Net Worth (determined as of the end then most recently ended fiscal quarter of the Company’s then most recently completed fiscal quarter) at any time).

Appears in 2 contracts

Sources: Note Purchase Agreement (Woodward Governor Co), Note Purchase Agreement (Woodward Governor Co)

Priority Debt. The Company will not not, at any time, permit Priority Debt to exceed 2030% of Consolidated Net Worth (determined as of the end of the Company’s then most recently completed ended fiscal quarter) at any timequarter of the Company.

Appears in 2 contracts

Sources: Note Purchase Agreement (Invacare Corp), Note Purchase Agreement (Invacare Corp)

Priority Debt. The Company will not permit Priority Debt at any time to exceed 20% of Consolidated Net Worth (as of the end of the Company’s then most recently completed fiscal quarter) at any timeWorth.

Appears in 1 contract

Sources: Note Purchase Agreement (Quaker Fabric Corp /De/)

Priority Debt. The Company will not permit Priority Debt at any time to exceed 20% of Consolidated Net Worth (as of the end of the Company’s then most recently completed fiscal quarter) at any time).

Appears in 1 contract

Sources: Master Note Purchase Agreement (Regis Corp)

Priority Debt. The Company will shall not at any time permit Priority Debt to exceed 20% of Consolidated Net Worth (as of the end of the Company’s then most recently completed fiscal quarter) at any timeWorth.

Appears in 1 contract

Sources: Note Purchase Agreement (Performance Food Group Co)

Priority Debt. The Company will not not, at any time, permit Priority Debt to exceed 20% of Consolidated Net Worth (determined as of the end of the Company’s then most recently completed ended fiscal quarter) at any timequarter of the Company.

Appears in 1 contract

Sources: Note Purchase Agreement (Tecumseh Products Co)

Priority Debt. The Company will not permit Priority Debt to exceed be greater than 20% of Consolidated Net Worth (as of the end of the Company’s then most recently completed fiscal quarter) at any time.

Appears in 1 contract

Sources: Note Purchase Agreement (Federal Signal Corp /De/)

Priority Debt. The Company will not permit the aggregate amount of all Priority Debt to exceed 20% of Consolidated Net Worth (Worth, determined as of the end of the Company’s then most recently completed ended fiscal quarter) at any timequarter of the Company.

Appears in 1 contract

Sources: Uncommitted Master Shelf Agreement (Eagle Materials Inc)

Priority Debt. The Company will not not, at any time, permit Priority Debt to exceed 20% of Consolidated Adjusted Net Worth (as of the end of the Company’s then most recently completed fiscal quarter) at any timeWorth.

Appears in 1 contract

Sources: Note Purchase Agreement (Ralcorp Holdings Inc /Mo)

Priority Debt. The Company will not at any time permit the aggregate amount of all Priority Debt to exceed 20% of Consolidated Net Worth (Worth, determined as of the end of the Company’s then most recently completed ended fiscal quarter) at any timequarter of the Company. Notwithstanding the foregoing, no Priority Debt shall consist of a Guaranty of the obligations under Bank Credit Agreement and no Lien securing Priority Debt shall secure the obligations under the Bank Credit Agreement.

Appears in 1 contract

Sources: Note Purchase Agreement (Old Dominion Freight Line Inc/Va)

Priority Debt. The Company will not at any time permit Priority Debt to exceed 20% of Consolidated Net Worth (as of the end of the Company’s then most recently completed fiscal quarter) at any timequarter of the Company.

Appears in 1 contract

Sources: Note Purchase Agreement (Pool Corp)

Priority Debt. 27 The Company will not permit Priority Debt to exceed 20% of Consolidated Net Worth (as of the end of the Company’s then most recently completed fiscal quarter) at any time.

Appears in 1 contract

Sources: Note Purchase Agreement (Caseys General Stores Inc)