Examples of Permitted Surviving Debt in a sentence
The Administrative Agent shall have received an executed notice of borrowing for the funding of the Term Loan Facility and reasonably satisfactory confirmation of arrangements for the repayment of and release of liens with respect to all existing third-party indebtedness for borrowed money of the Borrowers and the Acquired Business (except for Permitted Surviving Debt).
The Administrative Agent shall have received an executed notice of borrowing for the funding of the New Revolving Credit Facility and reasonably satisfactory confirmation of arrangements for the repayment of and release of liens with respect to all existing third-party indebtedness for borrowed money of the Borrowers and the Acquired Business (except for Permitted Surviving Debt).
On the Closing Date, after giving effect to the Transactions, neither the Company nor any of its subsidiaries (including, for the avoidance of doubt, the Target and its subsidiaries) shall have any indebtedness for borrowed money other than the Credit Facilities, Permitted Surviving Debt and certain other indebtedness to be mutually agreed upon.