Common use of Debt of a Subsidiary Clause in Contracts

Debt of a Subsidiary. outstanding on the date of this Agreement so long as the aggregate principal amount of all Debt outstanding under this clause (i), together with the outstanding principal of all Debt secured by Liens permitted under Section 9.2(c)(vi), does not exceed U.S.$ 15,000,000 at any time, and any extension, renewal or refunding of any Debt permitted under this clause (i), provided that (A) the principal amount thereof is not increased in connection with such extension, renewal or refunding and (B) no Default or Event of Default shall exist at the time of such extension, renewal or refunding;

Debt of a Subsidiary. outstanding on the date of this Agreement so long as the aggregate principal amount of all Debt outstanding under this clause (ia), together with the outstanding principal of all Debt secured by Liens permitted under Section 9.2(c)(viSECTION 10.3(F), does not exceed U.S.$ 15,000,000 U.S.$15,000,000 at any time, and any extension, renewal or refunding of any Debt permitted under this clause (ia), provided that (A1) the principal amount thereof is not increased in connection with such extension, renewal or refunding and (B2) no Default or Event of Default shall exist at the time of such extension, renewal or refunding;