Limitations on Indebtedness. The Guarantors will not, and will not permit any of their Subsidiaries to, directly or indirectly, issue, incur, assume or otherwise become liable for or in respect of any Funded Indebtedness unless, after giving effect thereto, the Funded Indebtedness of BIP, calculated on a consolidated basis, would not exceed 75% of Total Consolidated Capitalization.
Appears in 14 contracts
Sources: Guarantee (Brookfield Infrastructure Partners L.P.), Guarantee (Brookfield Infrastructure Partners L.P.), Guarantee (Brookfield Infrastructure Partners L.P.)
Limitations on Indebtedness. The Guarantors Issuers will not, and will not permit any of their Subsidiaries to, directly or indirectly, issue, incur, assume or otherwise become liable for or in respect of any Funded Indebtedness unless, after giving effect thereto, the Funded Indebtedness of BIP, calculated on a consolidated basis, would not exceed 75% of Total Consolidated Capitalization.
Appears in 14 contracts
Sources: Sixteenth Supplemental Indenture (Brookfield Infrastructure Partners L.P.), Fifteenth Supplemental Indenture (Brookfield Infrastructure Partners L.P.), Tenth Supplemental Indenture (Brookfield Infrastructure Partners L.P.)