Common use of Priority Debt Clause in Contracts

Priority Debt. The Company will not at any time permit the outstanding amount of Priority Debt to exceed 10% of the Consolidated Total Assets (determined as of the end of the then most recently ended Fiscal Quarter for which financial statements have been provided, and pro forma to give effect to any acquisitions and dispositions of a business group, division or business unit (or of a Person engaged therein) consummated by the Company or any of its Subsidiaries since the end of such Fiscal Quarter).

Appears in 2 contracts

Samples: Guaranty Agreement (Tampa Electric Co), Guaranty Agreement (Tampa Electric Co)

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Priority Debt. The Company will not not, at any time time, permit the outstanding aggregate amount of all Priority Debt to exceed 10an amount equal to 20% of the Consolidated Total Assets (determined as of the end of the then most recently ended Fiscal Quarter for which financial statements have been provided, and pro forma to give effect to any acquisitions and dispositions fiscal year of a business group, division or business unit (or of a Person engaged therein) consummated by the Company or any of its Subsidiaries since the end of such Fiscal Quarter)Company.

Appears in 2 contracts

Samples: Note Purchase Agreement (WABCO Holdings Inc.), Note Purchase Agreement (WABCO Holdings Inc.)

Priority Debt. The Company will not not, at any time time, permit the aggregate outstanding principal amount of all Priority Debt to exceed an amount equal to 10% of the Consolidated Total Assets Company’s and its Subsidiaries’ consolidated total assets (as determined as of the end last day of the then most recently ended Fiscal Quarter fiscal quarter for which financial statements have been provided, and pro forma to give effect to any acquisitions and dispositions of a business group, division or business unit (or of a Person engaged therein) consummated by the Company or any of its Subsidiaries since the end of such Fiscal Quarterprovided under Section 7.1).

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Fastenal Co)

Priority Debt. The Company will not not, at any time time, permit the outstanding aggregate amount of all Priority Debt to exceed 10an amount equal to 20% of the Consolidated Total Assets (determined as of the end of the then most recently ended Fiscal Quarter for which financial statements have been provided, and pro forma to give effect to any acquisitions and dispositions fiscal quarter of a business group, division or business unit (or of a Person engaged therein) consummated by the Company or any of its Subsidiaries since the end of such Fiscal Quarter)Company.

Appears in 1 contract

Samples: Note Purchase Agreement (Amcol International Corp)

Priority Debt. The Company will not not, at any time time, permit the outstanding aggregate amount of all Priority Debt to exceed an amount equal to 10% of the Consolidated Total Tangible Assets (determined as of the end of the then most recently ended Fiscal Quarter for which financial statements have been provided, and pro forma to give effect to any acquisitions and dispositions fiscal quarter of a business group, division or business unit (or of a Person engaged therein) consummated by the Company or any of its Subsidiaries since the end of such Fiscal Quarter)Company.

Appears in 1 contract

Samples: Note Purchase Agreement (Resmed Inc)

Priority Debt. The Company will not not, at any time time, permit the outstanding aggregate amount of all Priority Debt to exceed an amount equal to 10% of the Consolidated Total Assets (Net Worth determined as of the end of the then most recently ended Fiscal Quarter for which financial statements have been provided, and pro forma to give effect to any acquisitions and dispositions fiscal quarter of a business group, division or business unit (or of a Person engaged therein) consummated by the Company or any of its Subsidiaries since the end of such Fiscal Quarter)Company.

Appears in 1 contract

Samples: Egl Inc

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Priority Debt. The Company will not at any time permit the outstanding amount of Priority Debt to exceed 10% of the Consolidated Total Assets (determined as of the end of the then most recently ended Fiscal Quarter for which financial statements have been provided, and pro forma to give effect to any acquisitions and dispositions of a business group, division or business unit (or of a Person engaged therein) consummated by the Company or any of its Subsidiaries since the end of such Fiscal Quarter).

Appears in 1 contract

Samples: Guaranty Agreement (Tampa Electric Co)

Priority Debt. The Company will not shall not, at any time time, permit the aggregate outstanding amount of Priority Debt to exceed 1015% of the Consolidated Total Assets (Net Worth, determined as of the end last day of the then most recently ended Fiscal Quarter for which financial statements have been provided, and pro forma to give effect to any acquisitions and dispositions fiscal quarter of a business group, division or business unit (or of a Person engaged therein) consummated by the Company or any commencing with the fiscal quarter of its Subsidiaries since the end of such Fiscal Quarter)Company ending December 27, 2003. 10.6.

Appears in 1 contract

Samples: Note Purchase Agreement (New England Business Service Inc)

Priority Debt. The Company will not at any time permit the outstanding amount of Priority Debt to exceed 1015% of the Consolidated Total Assets (determined as of the end of the then most recently ended Fiscal Quarter for which financial statements have been provided, and pro forma to give effect to any acquisitions and dispositions of a business group, division or business unit (or of a Person engaged therein) consummated by the Company or any of its Subsidiaries since the end of such Fiscal Quarter).

Appears in 1 contract

Samples: Note Purchase Agreement (Tampa Electric Co)

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