Common use of Priority Indebtedness Clause in Contracts

Priority Indebtedness. Priority Indebtedness shall not at any time exceed 10% of Consolidated Adjusted Net Worth.

Appears in 6 contracts

Sources: Credit Agreement (Assurant, Inc.), Credit Agreement (Assurant, Inc.), Term Loan Agreement (Assurant Inc)

Priority Indebtedness. Priority Indebtedness The Borrower shall not at any time permit Priority Indebtedness to exceed 10% of Consolidated Adjusted Net Worth.

Appears in 1 contract

Sources: Credit Agreement (Assurant Inc)