Common use of Priority Debt Clause in Contracts

Priority Debt. The Company will not permit the aggregate principal amount of Priority Debt outstanding at any time to exceed 15% of Consolidated Net Worth.

Appears in 2 contracts

Sources: Note Purchase Agreement (Vectren Utility Holdings Inc), Note Purchase Agreement (Vectren Utility Holdings Inc)

Priority Debt. The Company will not permit the aggregate principal amount of Priority Debt outstanding at any time permit Priority Debt to exceed the greater (a) $7,500,000, or (b) 15% of Consolidated Net Worth.

Appears in 2 contracts

Sources: Note Purchase Agreement (Homeservices Com Inc), Credit Agreement (Homeservices Com Inc)

Priority Debt. The Company will not not, at any time, permit the aggregate principal amount of Priority Debt outstanding at any time to exceed 15% of Consolidated Net WorthWorth determined as of the end of the most recently ended fiscal quarter.

Appears in 2 contracts

Sources: Note Purchase Agreement (Equifax Inc), Note Purchase Agreement (Borders Group Inc)

Priority Debt. The Company will not not, at any time, permit the aggregate principal amount of all Priority Debt outstanding at any time to exceed 15an amount equal to 20% of Consolidated Net Worth.

Appears in 2 contracts

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

Priority Debt. The Company will shall not at any time permit the aggregate principal amount of all Priority Debt outstanding at any time to exceed 15% of Consolidated Net WorthTotal Assets (Consolidated Total Assets to be determined as of the end of the then most recently ended fiscal quarter of the Company).

Appears in 2 contracts

Sources: Uncommitted Master Note Facility (Lincoln Electric Holdings Inc), Note Purchase Agreement (Covance Inc)

Priority Debt. The Company will not permit the aggregate principal amount of Consolidated Priority Debt outstanding at any time to exceed 15% of Consolidated Net WorthAdjusted Total Capitalization at any time.

Appears in 1 contract

Sources: Note Purchase Agreement (Mdu Resources Group Inc)

Priority Debt. The Company will not permit the aggregate principal amount of Priority Debt outstanding at any time to exceed 15% of Consolidated Net WorthShareholders’ Equity.

Appears in 1 contract

Sources: Note Purchase Agreement (Centerpoint Energy Resources Corp)

Priority Debt. The Company will not at any time permit the aggregate principal amount of all Consolidated Priority Debt outstanding at any time to exceed 15% of Consolidated Net WorthCapitalization.

Appears in 1 contract

Sources: Note Purchase Agreement

Priority Debt. The Company will not shall not, as of the end of each fiscal quarter, permit the aggregate principal outstanding amount of Priority Debt outstanding at any time to exceed 15% of Consolidated Net WorthWorth at such time.

Appears in 1 contract

Sources: Note Purchase Agreement (Ryans Family Steakhouses Inc)

Priority Debt. The Company will not permit the aggregate principal amount of permit, at any time, Priority Debt outstanding at any time to exceed 15% of Consolidated Net WorthTotal Assets determined as of the most recently ended fiscal quarter.

Appears in 1 contract

Sources: Note Purchase Agreement (Brinks Co)

Priority Debt. The Company will not at any time permit the aggregate outstanding principal amount of Priority Debt outstanding at any time to exceed 15% of Consolidated Net WorthTotal Assets (determined as of the end of the most recently completed fiscal quarter).

Appears in 1 contract

Sources: Note Purchase Agreement (Idex Corp /De/)

Priority Debt. The Company will not permit the aggregate principal amount of Priority Debt outstanding at any time permit Consolidated Priority Debt to exceed 15% of Consolidated Net WorthTotal Capitalization.

Appears in 1 contract

Sources: Note Purchase Agreement (Schulman a Inc)

Priority Debt. The Company will not not, at any time, permit the aggregate principal amount of Priority Debt outstanding at any time to exceed 15% of Consolidated Adjusted Net Worth.

Appears in 1 contract

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

Priority Debt. The Company will not permit the aggregate principal amount of Priority Debt outstanding at any time permit Priority Debt to exceed 15% of Consolidated Net WorthAdjusted Total Assets as of the end of the most recently completed fiscal quarter.

Appears in 1 contract

Sources: Master Note Purchase Agreement (Perrigo Co)

Priority Debt. The Company will not permit the aggregate principal amount of Priority Debt outstanding at any time permit Priority Debt to exceed 15% of Consolidated Net WorthTangible Assets.

Appears in 1 contract

Sources: Note Purchase Agreement (Penn West Energy Trust)