Priority Debt. The Company will not at any time permit Priority Debt to exceed the greater (a) $7,500,000, or (b) 15% of Consolidated Net Worth.
Appears in 2 contracts
Sources: Note Purchase Agreement (Homeservices Com Inc), Credit Agreement (Homeservices Com Inc)
Priority Debt. The Company will not permit the aggregate principal amount of Priority Debt outstanding at any time permit Priority Debt to exceed the greater (a) $7,500,000, or (b) 15% of Consolidated Net Worth.
Appears in 2 contracts
Sources: Note Purchase Agreement (Vectren Utility Holdings Inc), Note Purchase Agreement (Vectren Utility Holdings Inc)
Priority Debt. The Company will shall not at any time permit Priority Debt to exceed the greater of (ai) $7,500,000, 59,000,000 or (bii) 1520% of Consolidated Net WorthWorth as of the end of the then most recently ended fiscal quarter of the Company.
Appears in 2 contracts
Sources: Note Purchase Agreement (Wolverine World Wide Inc /De/), Note Purchase Agreement (Wolverine World Wide Inc /De/)
Priority Debt. The Company will not not, at any time time, permit Priority Debt to exceed the greater (a) $7,500,000, or (b) 15% of Consolidated Net WorthWorth determined as of the end of the most recently ended fiscal quarter.
Appears in 2 contracts
Sources: Note Purchase Agreement (Equifax Inc), Note Purchase Agreement (Borders Group Inc)
Priority Debt. The Company will not permit Priority Debt, at any time permit Priority Debt time, to exceed the greater sum of (ai) $7,500,000, or 13,000,000 plus (bii) 1510% of the then Consolidated Tangible Net WorthWorth (to the extent that such Consolidated Tangible Net Worth is positive).
Appears in 1 contract
Sources: Contribution Agreement (Heritage Propane Partners L P)
Priority Debt. The Company will not not, at any time time, permit Priority Debt to exceed the greater (a) $7,500,000, or (b) 15% of Consolidated Adjusted Net Worth.
Appears in 1 contract