Common use of Priority Debt Clause in Contracts

Priority Debt. The Company will not at any time permit Priority Debt to exceed 20% of Consolidated Net Worth at such time.

Appears in 4 contracts

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

AutoNDA by SimpleDocs

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

Appears in 3 contracts

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

Priority Debt. The Company will not not, at any time time, permit the aggregate amount of all Priority Debt to exceed an amount equal to 20% of Consolidated Net Worth at such timeWorth.

Appears in 2 contracts

Samples: Note Purchase Agreement (Perkinelmer Inc), Note Purchase Agreement (Perkinelmer Inc)

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

Appears in 2 contracts

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

Priority Debt. The Company Obligors will not not, at any time time, permit Priority Debt to exceed 20% of Consolidated Net Worth determined at such time.

Appears in 2 contracts

Samples: Note Purchase and Private Shelf Agreement (Lincoln Electric Holdings Inc), Note Purchase Agreement (Lincoln Electric Holdings Inc)

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

Appears in 2 contracts

Samples: Guaranty Agreement (Woodward Governor Co), Guaranty Agreement (Woodward Governor Co)

Priority Debt. The Company will not not, at any time time, permit Priority Debt to exceed 20% of Consolidated Net Worth at such timedetermined as of the end of the most recently ended fiscal quarter of the Company.

Appears in 1 contract

Samples: Note Purchase Agreement (Tecumseh Products Co)

Priority Debt. The Company will not at any time permit Priority Debt to exceed be greater than 20% of Consolidated Net Worth at such any time.

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Master Note Purchase Agreement (Regis Corp)

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

Appears in 1 contract

Samples: Note Agreement (Allied Capital Corp)

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

Appears in 1 contract

Samples: Note Purchase Agreement (Watts Water Technologies Inc)

Priority Debt. The Company will not at any time permit Priority Debt to exceed 20% of Consolidated Net Worth at such timeas of the end of the most recently completed fiscal quarter of the Company.

Appears in 1 contract

Samples: Note Purchase Agreement (Pool Corp)

Priority Debt. The Company will not at any time permit Priority Debt to exceed 20% of Consolidated Net Worth at such timeWorth.

Appears in 1 contract

Samples: Note Purchase Agreement (Hughes Supply Inc)

AutoNDA by SimpleDocs

Priority Debt. The Company will not at any time permit Priority Debt to exceed 20% of Consolidated Net Worth at such timeWorth. Section 10.4.

Appears in 1 contract

Samples: Note Purchase Agreement (Sonic Corp)

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

Appears in 1 contract

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

Priority Debt. The Company will shall not at any time permit Priority Debt to exceed 20% of Consolidated Net Worth at such timeWorth.

Appears in 1 contract

Samples: Note Purchase Agreement (Performance Food Group Co)

Priority Debt. The Company will not at any time permit Priority Debt to exceed 2025% of Consolidated Net Worth at such any time.

Appears in 1 contract

Samples: Guaranty Agreement (Graco Inc)

Priority Debt. The Company will not permit Priority Debt at any time permit Priority Debt to exceed 20% of Consolidated Net Worth at such timeWorth.

Appears in 1 contract

Samples: Quaker Fabric Corp /De/

Priority Debt. The Company Guarantor will not at any time permit Priority Debt to exceed 20% of Consolidated Net Worth at such timeWorth.

Appears in 1 contract

Samples: Guaranty Agreement (Schneider National, Inc.)

Priority Debt. 27 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 such any time.

Appears in 1 contract

Samples: Guaranty Agreement (Caseys General Stores Inc)

Priority Debt. The Company will not not, at any time time, permit Priority Debt to exceed 20% of Consolidated Adjusted Net Worth at such timeWorth.

Appears in 1 contract

Samples: Ralcorp Holdings Inc /Mo

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