Common use of Priority Debt Clause in Contracts

Priority Debt. The Company will not, at any time, permit the aggregate amount of Priority Debt to exceed 10% of the Company’s consolidated assets as of the most recently ended fiscal quarter for which financial statements are available.

Appears in 6 contracts

Sources: Multicurrency Note Purchase and Private Shelf Agreement (Idexx Laboratories Inc /De), Multi Currency Note Purchase and Private Shelf Agreement (Idexx Laboratories Inc /De), Multicurrency Note Purchase and Private Shelf Agreement (Idexx Laboratories Inc /De)

Priority Debt. The Company will not, not at any time, time permit the aggregate amount of all Priority Debt to exceed 1015% of the Company’s consolidated assets Consolidated Total Assets (Consolidated Total Assets to be determined as of the end of the then most recently ended fiscal quarter for which financial statements are availableof the Company).

Appears in 4 contracts

Sources: Note Purchase Agreement (Morningstar, Inc.), Note Purchase Agreement (Miller Herman Inc), Note Purchase Agreement (Miller Herman Inc)

Priority Debt. The Company will not, not at any time, time permit the aggregate outstanding amount of Priority Debt to exceed 10% of the Company’s consolidated assets Consolidated Total Assets (determined as of the end of the then most recently ended fiscal quarter Fiscal Quarter for which financial statements are availablehave been provided, and pro forma to give effect to any acquisitions and dispositions of a business group, division or business unit (or of a Person engaged therein) consummated by the Company or any of its Subsidiaries since the end of such Fiscal Quarter).

Appears in 2 contracts

Sources: Note Purchase Agreement (Tampa Electric Co), Note Purchase Agreement (Tampa Electric Co)

Priority Debt. The Company will not, at any time, permit the aggregate amount of all Priority Debt to exceed 10an amount equal to 20% of the Company’s consolidated assets Consolidated Total Assets determined as of the end of the then most recently ended fiscal quarter for which financial statements are availableyear of the Company.

Appears in 2 contracts

Sources: Note Purchase Agreement (WABCO Holdings Inc.), Note Purchase Agreement (WABCO Holdings Inc.)

Priority Debt. The Company will not, not at any time, time permit the aggregate amount of Priority Debt to exceed the greater of 10% of the Company’s consolidated assets Net Tangible Assets or 10% of Capitalization, as of shown on the Company’s balance sheet most recently ended fiscal quarter for which financial statements are availabledelivered pursuant to Section 8.8(a) or Section 8.8(b).

Appears in 2 contracts

Sources: Note Purchase Agreement (Oncor Electric Delivery Co LLC), Note Purchase Agreement (Oncor Electric Delivery Co LLC)

Priority Debt. The Company will not, at any time, permit the aggregate amount of all Priority Debt to exceed an amount equal to 10% of the Company’s consolidated assets Consolidated Tangible Assets determined as of the end of the then most recently ended fiscal quarter for which financial statements are availableof the Company.

Appears in 1 contract

Sources: Note Purchase Agreement (Resmed Inc)

Priority Debt. The Company will notnot permit, at any timeas of the end of each fiscal quarter of the Company, permit the aggregate amount of Priority Debt to exceed 1015% of the Company’s consolidated assets as Total Assets of the most recently ended fiscal quarter for which financial statements are availableCompany and its Restricted Subsidiaries.

Appears in 1 contract

Sources: Note Purchase Agreement (Questar Gas Co)

Priority Debt. The Company will not, not at any time, time permit the aggregate outstanding principal amount of Priority Debt to exceed 10% of Consolidated Total Assets as of the Company’s consolidated assets as end of the most recently ended completed fiscal quarter for which financial statements are availablequarter.

Appears in 1 contract

Sources: Master Note Purchase Agreement (Ultra Petroleum Corp)

Priority Debt. The Company will not, not permit Priority Debt at any time, permit the aggregate amount of Priority Debt time to exceed 1015% of Consolidated Total Assets as of the Company’s consolidated assets as end of the most recently ended fiscal quarter for which financial statements are availableof the Company.

Appears in 1 contract

Sources: Master Note Purchase Agreement (Ims Health Inc)

Priority Debt. The Company will not, at any time, permit the aggregate amount of Priority Debt to exceed 10% of Consolidated Net Tangible Assets determined as of the Company’s consolidated assets as end of the most recently ended fiscal quarter for which financial statements are availableof the Company.

Appears in 1 contract

Sources: Note Purchase Agreement

Priority Debt. The Company will notnot permit, at any timeas of the end of each fiscal quarter of the Company, permit the aggregate amount of Priority Debt to exceed 1015% of the Company’s consolidated assets as Total Assets of the most recently ended fiscal quarter for which financial statements are availableCompany and its Restricted Subsidiaries, if any.

Appears in 1 contract

Sources: Note Purchase Agreement (Questar Gas Co)

Priority Debt. The Company will not, at any time, permit the aggregate amount of all Priority Debt to exceed 10an amount equal to 20% of the Company’s consolidated assets Consolidated Total Assets determined as of the end of the then most recently ended fiscal quarter for which financial statements are availableof the Company.

Appears in 1 contract

Sources: Note Purchase Agreement (Amcol International Corp)

Priority Debt. The Company will not, not at any time, time permit the aggregate amount of Priority Debt to exceed 1015% of Consolidated Adjusted Total Assets as of the Company’s consolidated assets as end of the most recently ended completed fiscal quarter for which financial statements are availablequarter.

Appears in 1 contract

Sources: Master Note Purchase Agreement (Perrigo Co)

Priority Debt. The Company will not, at any time, permit the aggregate amount of all Priority Debt to exceed an amount equal to 10% of the Company’s consolidated assets Consolidated Net Worth determined as of the end of the then most recently ended fiscal quarter for which financial statements are availableof the Company.

Appears in 1 contract

Sources: Note Purchase Agreement (Egl Inc)

Priority Debt. The Company will not, not at any time, time permit the aggregate amount of Priority Debt to exceed 10% of Consolidated Total Assets (determined as of the end of the Company’s consolidated assets as of the most recently ended completed fiscal quarter for which financial statements are availablequarter).

Appears in 1 contract

Sources: Note Purchase Agreement (Lindsay Corp)

Priority Debt. The Company will not, at any time, permit the aggregate outstanding principal amount of all Priority Debt to exceed an amount equal to 10% of the Company’s and its Subsidiaries’ consolidated total assets (as determined as of the last day of the most recently ended fiscal quarter for which financial statements are availablehave been provided under Section 7.1).

Appears in 1 contract

Sources: Master Note Agreement (Fastenal Co)