Common use of Limitation on Borrowings Clause in Contracts

Limitation on Borrowings. The Company shall not permit Total Borrowings to equal or exceed 75% of Total Assets.

Appears in 5 contracts

Sources: First Supplemental Indenture (Atlas Corp.), First Supplemental Indenture (Atlas Corp.), First Supplemental Indenture (Atlas Corp.)

Limitation on Borrowings. The Company shall not permit Total Net Borrowings to equal or exceed 7570% of Total Assets.

Appears in 3 contracts

Sources: Supplemental Indenture (Scorpio Tankers Inc.), Supplemental Indenture (Paragon Shipping Inc.), Supplemental Indenture (Scorpio Bulkers Inc.)

Limitation on Borrowings. The Company shall not permit Total Borrowings to equal or exceed 7565% of Total Assets.

Appears in 3 contracts

Sources: Supplemental Indenture (Atlas Corp.), Supplemental Indenture (Seaspan CORP), Second Supplemental Indenture (Seaspan CORP)

Limitation on Borrowings. The Company shall not permit Total Net Borrowings to equal or exceed 7570.0% of Total Assets.

Appears in 1 contract

Sources: Fourth Supplemental Indenture (Scorpio Tankers Inc.)

Limitation on Borrowings. The Company shall not permit Total Borrowings to equal or exceed 7570% of Total Assets.

Appears in 1 contract

Sources: Supplemental Indenture (International Seaways, Inc.)