Common use of Limitation on Priority Debt Clause in Contracts

Limitation on Priority Debt. The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume, guarantee, or otherwise become directly or indirectly liable with respect to, any Priority Debt, unless on the date the Company or such Restricted Subsidiary becomes liable with respect to any such Debt and immediately after giving effect thereto and the concurrent retirement of any other Debt of the Company or any such Restricted Subsidiary, Priority Debt would not exceed 20% of Consolidated Adjusted Net Worth.

Limitation on Priority Debt. The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume, guarantee, or otherwise become directly or indirectly liable with respect to, any Priority Debt, unless on the date the Company or such Restricted Subsidiary becomes liable with respect to any such Debt and immediately after giving effect thereto and the concurrent retirement of any other Debt of the Company or any such Restricted Subsidiary, Priority Debt would not exceed 20% of Consolidated Adjusted Net Worth.

Limitation on Priority Debt. The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume, guarantee, assume or otherwise incur or in any manner be or become directly or indirectly liable with in respect to, of any Priority Debt, unless on at the date the Company or such Restricted Subsidiary becomes liable with respect to any such Debt time of issuance thereof and immediately after giving effect thereto and to the concurrent retirement of any other Debt application of the Company or any such Restricted Subsidiaryproceeds thereof, Priority Debt would shall not exceed 2010% of Consolidated Adjusted Net WorthTotal Capitalization.

Limitation on Priority Debt. The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume, guarantee, assume or otherwise incur or in any manner be or become directly or indirectly liable with in respect to, of any Priority Debt, unless on at the date the Company or such Restricted Subsidiary becomes liable with respect to any such Debt time of issuance thereof and immediately after giving effect thereto and to the concurrent retirement of any other Debt application of the Company or any such Restricted Subsidiaryproceeds thereof, Priority Debt would shall not exceed 20the greater of $30,000,000 or 15% of Consolidated Adjusted Net Worth.