CNTA Baskets definition
CNTA Baskets means the baskets under the Indentures equal to 10% of Consolidated Net Tangible Assets under which obligations and Indebtedness (as defined in the Indentures) not otherwise permitted by Section 3.3 of the Crompton Indenture and Section 1008 of the Witco Indenture are permitted to be secured and sale and leaseback transactions not otherwise permitted by Section 3.4 of the Crompton Indenture and Section 1009 of the Witco Indenture are permitted to be entered into without the ratable securing of the Company's obligations under the Indentures.
Examples of CNTA Baskets in a sentence
The CNTA Baskets are fully available on the Amendment No. 2 Effective Date to permit the securing of the Obligations as and to the extent provided in the Security Agreement.".
The Company will not and will not permit any of its Subsidiaries to enter into any transaction other than the transactions provided for in this Agreement, the Five-Year Credit Agreement and the Security Agreement that would utilize any portion of the CNTA Baskets.
The Company will not and will not permit any of its Subsidiaries to enter into any transaction other than the transactions provided for in this Agreement, the 364-Day Credit Agreement and the Security Agreement that would utilize any portion of the CNTA Baskets.