Company’s Total Indebtedness Sample Clauses

Company’s Total Indebtedness. For value received, Company hereby promises to pay to the order of Holder according to the terms set forth below, as the holder of this Note, on or before December 31, 2007 (the “Maturity Date”): (i) (A) the principal sum of THREE HUNDRED THIRTY-EIGHT THOUSAND THIRTY-NINE AND 87/100 DOLLARS ($338,039.87), and (B) the Accrued Interest (with (A) and (B) together, the “Principal”), and (ii) interest on the unpaid Principal outstanding from time to time at a rate equal to 9.0% per annum (the “Interest; with the Interest and the Principal together, the “Total Indebtedness”). The total charges for interest and other charges in the nature of interest, reserved, charged or taken hereunder or under any other loan documents executed in connection herewith shall not exceed the maximum amount allowed by applicable law, or any greater amount that may be charged under any amendments to applicable law, and any excess portion of such sums that may have been reserved, charged, or taken shall be refunded to the Company, or any parties liable for the payment of the indebtedness evidenced by this Note. Such refund may be made by application of the excess portion against the sums due hereunder, but such crediting shall not cure or waive a default.
Sample 1
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Related to Company’s Total Indebtedness

  • Total Indebtedness Create, incur, assume, or suffer to exist, or permit any Subsidiary of Borrower to create, incur or suffer to exist, any Indebtedness, except:

  • Consolidated Total Indebtedness All Indebtedness of Parent Borrower and its Subsidiaries determined on a consolidated basis and shall include (without duplication), such Person’s Equity Percentage of the Indebtedness of its Unconsolidated Affiliates.

  • Unsecured Indebtedness All Indebtedness of Borrower, of any Guarantor or of any of the other Related Companies to the extent not secured by a Lien on any Properties including, without limitation, the Outstanding Obligations and any Indebtedness evidenced by any bonds, debentures, notes or other debt securities presently outstanding or which may be hereafter issued by Borrower or by the Company. Unsecured Indebtedness shall not include accrued ordinary operating expenses payable on a current basis.

  • Secured Indebtedness The Borrower shall not permit the ratio of (i) Secured Indebtedness of the Borrower and its Subsidiaries to (ii) Total Asset Value to be greater than 0.40 to 1.00 at any time.

  • Funded Indebtedness 2 GAAP............................................................ 6

  • Financial Indebtedness (a) Except as permitted under paragraph (b) below, no Obligor shall (and the Parent shall ensure that no member of the Group will) incur or allow to remain outstanding any Financial Indebtedness.

  • Consolidated Senior Secured Leverage Ratio Permit the Consolidated Senior Secured Leverage Ratio as of the end of any Measurement Period to be greater than 3.50 to 1.00.

  • Total Debt The Company will not at any time permit Consolidated Total Debt to exceed any of the following:

  • Funded Debt No Borrower Party will, or will permit any of its Subsidiaries to, create, assume, incur, or otherwise become or remain obligated in respect of, or permit to be outstanding, any Funded Debt except:

  • Additional Indebtedness So long as the Notes are outstanding the Depositor will not incur any debt other than debt that (i) is non-recourse to the assets of the Depositor other than the mortgage loans specifically pledged as security for the debt, (ii) is subordinated in right of payment to the rights of the Noteholders, or (iii) is assigned a rating by each of the Rating Agencies that is the same as the then current rating of the Notes.

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