Limitation on Priority Debt. As of the last day of each fiscal quarter of the Borrower, Priority Debt shall not exceed an amount equal to 15% of Consolidated Net Tangible Assets.
Appears in 2 contracts
Sources: Term Loan Agreement (Qep Resources, Inc.), Credit Agreement (Qep Resources, Inc.)
Limitation on Priority Debt. As of the last day end of each fiscal quarter of the Borrower, Priority Debt shall not exceed an amount equal to 1520% of Consolidated Net Tangible Assets.
Appears in 1 contract
Limitation on Priority Debt. As of the last day of each fiscal quarter of the Borrower, Priority Debt shall not exceed an amount equal to 1510% of Consolidated Net Tangible Assets.
Appears in 1 contract
Sources: Senior Unsecured Bridge Loan Agreement (Qep Resources, Inc.)