Indebtedness of Subsidiaries. The Company will not permit the sum of (a) the aggregate outstanding principal amount of Indebtedness of Subsidiaries (other than Permitted Subsidiary Indebtedness) and (b) Specified Company Indebtedness at any time to exceed 15% of Consolidated Net Assets.
Appears in 2 contracts
Sources: Credit Agreement (TRW Inc), Credit Agreement (TRW Inc)
Indebtedness of Subsidiaries. The Company will not ----------------------------- permit the sum of (a) the aggregate outstanding principal amount of Indebtedness of Subsidiaries (other than Permitted Subsidiary Indebtedness) and (b) Specified Company Indebtedness at any time to exceed 15% of Consolidated Net Assets.
Appears in 2 contracts
Sources: Credit Agreement (TRW Inc), Credit Agreement (TRW Inc)
Indebtedness of Subsidiaries. The Company will not permit the sum of (a) the aggregate outstanding principal amount of at any time Indebtedness of Restricted Subsidiaries (other than Permitted Subsidiary Indebtedness(i) Non-Recourse Debt, and (bii) Specified Indebtedness to the Company Indebtedness at any time or another Restricted Subsidiary) to exceed 155% of Adjusted Consolidated Tangible Net AssetsWorth.β
Appears in 2 contracts
Sources: Note Agreement (Butler Manufacturing Co), Note Agreement (Butler Manufacturing Co)
Indebtedness of Subsidiaries. The Company Borrower will not permit the sum of (a) the aggregate outstanding principal amount of Indebtedness of Subsidiaries (other than Permitted Subsidiary Indebtedness) and (b) Specified Company Borrower Indebtedness at any time to exceed 15% of Consolidated Net Assets.
Appears in 1 contract
Sources: Term Credit Agreement (TRW Inc)