Common use of Indebtedness of any Clause in Contracts

Indebtedness of any. Foreign Subsidiary of the Borrower owed to a third party (other than a Loan Party or a Subsidiary of a Loan Party) existing on the Closing Date and all other such third party Indebtedness of any such Foreign Subsidiary incurred after the Closing Date in an aggregate principal amount (or accreted value, as applicable) at any time outstanding not to exceed $15,000,000 when aggregated with all outstanding Indebtedness of Subsidiaries that are not Loan Parties permitted under the proviso in Section 7.02(b) and all Investments permitted under Sections 7.03(q) and (s), in each case, incurred or made after the Closing Date;

Appears in 1 contract

Sources: Credit Agreement (Ames True Temper, Inc.)

Indebtedness of any. Foreign Subsidiary of the a Borrower owed to a third party (other than a Loan Party or a Subsidiary of a Loan Party) existing on the Closing Date and all other such third party Indebtedness of any such Foreign Subsidiary incurred after the Closing Date in an aggregate principal amount (or accreted value, as applicable) at any time outstanding not to exceed $15,000,000 when aggregated with all outstanding Indebtedness of Subsidiaries that are not Loan Parties permitted under the proviso in Section 7.02(b) and all Investments permitted under Sections 7.03(q) and (s), in each case, incurred or made after the Closing Date;

Appears in 1 contract

Sources: Credit Agreement (Ames True Temper, Inc.)