Common use of Priority Debt Clause in Contracts

Priority Debt. The Company will not permit Priority Debt to exceed 20% of Consolidated Total Assets at any time.

Appears in 2 contracts

Sources: Note Purchase Agreement (Watts Water Technologies Inc), Note Purchase Agreement (Watts Water Technologies Inc)

Priority Debt. The Company will not permit its Priority Debt to exceed 2025% of Consolidated Total Assets at as of the last day of any timefiscal quarter of the Company.

Appears in 2 contracts

Sources: Note Purchase Agreement (Littelfuse Inc /De), Note Purchase Agreement (Littelfuse Inc /De)

Priority Debt. The Company will not at any time permit the aggregate amount of all Priority Debt to exceed 205.0% of Consolidated Total Assets at any time(Consolidated Assets to be determined as of the end of the then most recently ended fiscal quarter of the Company).

Appears in 2 contracts

Sources: Note Purchase Agreement (Global Water Resources, Inc.), Note Purchase Agreement (Global Water Resources, Inc.)

Priority Debt. The Company will not permit its Priority Debt to exceed 2025% of Consolidated Total Assets at as of the last day of any timefiscal quarter of the Company.

Appears in 2 contracts

Sources: Note Purchase Agreement (Littelfuse Inc /De), Note Purchase Agreement (Littelfuse Inc /De)

Priority Debt. The Company will not at any time permit Priority Debt to exceed an amount equal to 20% of Consolidated Total Assets at any timeAssets.

Appears in 1 contract

Sources: Note Purchase Agreement (Madison Gas & Electric Co)

Priority Debt. The Company will not at any time permit the aggregate principal amount of Priority Debt to exceed 2025% of Consolidated Total Assets at any timeShareholders’ Equity.

Appears in 1 contract

Sources: Note Agreement (Allied Capital Corp)