Excluded Debt. Prior to Closing, BPI will repay all of the Excluded Debt and any Make-Whole Payment and arrange for the release and discharge of all Encumbrances held by Infrastructure Ontario and Lands Corporation as security for Excluded Debt.
Excluded Debt. As of the Closing Date, the Excluded Debt shall not ------------- exceed One Million Dollars ($1,000,000).
Excluded Debt. The term "Excluded Debt" shall mean the sum on October 25, 1997 of the Company's bank term debt, bank revolving debt, subordinated debt and its liability for capital lease obligations associated with those leases identified in Schedule 2.4.(a), in each case as reflected in the Final Closing Balance Sheet. Schedule 2.4.(a) contains a calculation of Excluded Debt based upon the Recent Balance Sheet. 2.4.(b)
Excluded Debt. 1. Indebtedness incurred pursuant to a Permitted Incremental Facility and/or a Permitted Combined Revolver Refinancing, proceeds of which are used to refinance that certain Credit Agreement, dated as of September 15, 2010, among AGL Resources Inc., AGL Capital Corporation, the Lenders party thereto, Xxxxx Fargo Bank, National Association as Administrative Agent, and the other agents party thereto, as amended by that certain First Amendment to Credit Agreement, dated December 21, 2010.
