Audiovox 2012 Annual Report Download - page 269

(e) Indebtedness and obligations owing under Bank Products entered into in order to manage existing or anticipated
interest rate, exchange rate or commodity price risks and not for speculative purposes;
(f) Indebtedness of a Person existing at the time such Person becomes a Subsidiary of a Credit Party in a transaction
permitted hereunder in an aggregate principal amount not to exceed $3,000,000 for all such Persons; provided that any such
Indebtedness was not created in anticipation of or in connection with the transaction or series of transactions pursuant to which
such Person became a Subsidiary of a Credit Party;
(g) Guaranty Obligations in respect of Indebtedness of a Credit Party to the extent such Indebtedness is permitted to
exist or be incurred pursuant to this Section;
(h) unsecured Indebtedness outstanding under a credit facility of the Acquired Company or one or more of its
Subsidiaries in an aggregate principal amount not to exceed €6,000,000;
(i) Indebtedness incurred in connection with the purchase and/or construction of the Indiana Project in an aggregate
principal amount not to exceed $8,000,000;
(j) Indebtedness incurred in connection with the purchase and/or construction of the Florida Project in an aggregate
principal amount not to exceed $12,000,000;
(k) other secured or unsecured Indebtedness of Excluded Foreign Subsidiaries in an aggregate principal amount not to
exceed €5,000,000;
(l) Indebtedness to the extent constituting an Investment permitted under Section 6.5; and
(m) other unsecured Indebtedness of Credit Parties of a nature not contemplated by the foregoing clauses hereof in an
aggregate principal amount not to exceed to $5,000,000; provided that (i) no Default or Event of Default shall have occurred and
be continuing at the time of the incurrence of such Indebtedness and (ii) immediately before and immediately after giving effect
to such incurrence, the Credit Parties are in compliance on a Pro Forma Basis with each of the financial covenants set forth in
Section 5.9.
116