Common use of Amendment to Clause Clause in Contracts

Amendment to Clause. (a) of Section 1004 of the Indenture. Clause (a) of Section 1004 of the Indenture is hereby amended and restated to read in its entirety as follows: (a) The Company will not, and will not permit any Subsidiary to, incur any Debt, if, immediately after giving effect to the incurrence of such additional Debt, the aggregate principal amount of all outstanding Debt of the Company and its Subsidiaries on a consolidated basis determined in accordance with GAAP is greater than 65% of Total Assets as of the end of the calendar quarter covered in the Company's Annual Report on Form 10-K or Quarterly Report on Form 10-Q, as the case may be, most recently filed with the Commission (or, if such filing is not permitted under the Securities Exchange Act of 1934, with the Trustee) prior to the incurrence of such additional Debt."

Appears in 1 contract

Sources: Third Supplemental Indenture (Kimco Realty Corp)

Amendment to Clause. (a) of Section 1004 of the Indenture. Clause (a) of Section 1004 of the Indenture is hereby amended and restated to read in its entirety as follows: (a) The Company will not, and will not permit any Subsidiary to, incur any Debt, if, immediately after giving effect to the incurrence of such additional Debt, the aggregate principal amount of all outstanding Debt of the Company and its Subsidiaries on a consolidated basis determined in accordance with GAAP is greater than 65% of Total Assets as of the end of the calendar quarter covered in the Company's Annual Report on Form 10-K or Quarterly Report on Form 10-Q, as the case may be, most recently filed with the Commission (or, if such filing is not permitted under the Securities Exchange Act of 1934, with the Trustee) prior to the incurrence of such additional Debt."”

Appears in 1 contract

Sources: Third Supplemental Indenture (Kimco Realty Corp)