BSX » Topics » 7.5 Limitation on Indebtedness of Subsidiaries.

This excerpt taken from the BSX 8-K filed Apr 26, 2006.
7.5          Limitation on Indebtedness of Subsidiaries. Permit any Subsidiaries which are not Guarantors to, directly or indirectly, create, incur, assume or guaranty, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness (other than, with respect to BSC International Holdings Limited, the Term Loans (as defined in the Credit Agreement) in excess of 20% of Consolidated Tangible Assets in the aggregate at any time for all such Subsidiaries that are not Guarantors, except for (i) Indebtedness permitted by subsection 7.3 hereof and (ii) any Indebtedness of any Subsidiary of the Borrower owing to the Borrower or to any other Subsidiary of the Borrower.

 

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