Common use of Existing Indebtedness to Remain Outstanding Clause in Contracts

Existing Indebtedness to Remain Outstanding. Administrative Agent shall have received an Officer's Certificate of Company stating that, after giving effect to the transactions described in this subsection 4.1M, the Indebtedness of Loan Parties (other than Indebtedness under the Loan Documents) shall consist of (a) approximately (but in no event more than) $200,000,000 in aggregate principal amount of Company's outstanding 9.00% Senior Subordinated Notes due 2009 and (b) Indebtedness in an aggregate amount not to exceed $3,000,000 on Schedule 7.1 annexed hereto. The terms and conditions of all such Indebtedness shall be in form and in substance satisfactory to Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Ackerley Group Inc)

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Existing Indebtedness to Remain Outstanding. Administrative Agent shall have received an Officer's Certificate of Company stating that, after giving effect to the transactions described in this subsection 4.1M4.1N, the Indebtedness of Loan Parties (other than Indebtedness under the Loan DocumentsDocuments and the Senior Notes) shall consist of (a) approximately (but in no event more than) $200,000,000 10,000,000 in aggregate principal amount of Company's outstanding 9.00% Senior Subordinated Notes due 2009 and (b) Indebtedness described in an aggregate amount not to exceed $3,000,000 on Schedule 7.1 annexed hereto. The terms and conditions of all such Indebtedness shall be in form and in substance reasonably satisfactory to Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Sunrise Medical Inc)

Existing Indebtedness to Remain Outstanding. Administrative ------------------------------------------- Agent shall have received an Officer's Certificate of Company stating that, after giving effect to the transactions described in this subsection 4.1M4.1F, the Indebtedness of Loan Parties (other than Indebtedness under the Loan DocumentsDocuments and the Subordinated Notes) shall consist of (a) approximately (but in no event more than) $200,000,000 15,500,000 in aggregate principal amount of Company's outstanding 9.00% Senior Subordinated Notes due 2009 Indebtedness and (b) Indebtedness Capital Leases described in an aggregate amount not to exceed $3,000,000 on Schedule 7.1 annexed hereto. The terms and ------------ conditions of all such Indebtedness shall be in form and in substance satisfactory to Administrative AgentAgent and Requisite Lenders.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Existing Indebtedness to Remain Outstanding. Administrative Agent shall have received an Officer's Certificate of Company Borrower stating that, after giving effect to the transactions described in this subsection 4.1M4.1L, the Indebtedness of Loan Parties (other than Indebtedness under the Loan Documents) shall consist of (a) approximately (but in no event more than) $200,000,000 216,692,007 in aggregate principal amount of Company's outstanding 9.00% Senior Subordinated Notes due 2009 and (b) Indebtedness described in an aggregate amount not to exceed $3,000,000 on Part I of Schedule 7.1 annexed hereto. The terms and conditions of all such Indebtedness shall be in form and in substance satisfactory to Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Prime Hospitality Corp)

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Existing Indebtedness to Remain Outstanding. Administrative Agent shall have received an Officer's ’s Certificate of Company Borrower stating that, after giving effect to the transactions described in this subsection 4.1M4.1F, the Indebtedness of Loan Parties (other than Indebtedness under the Loan DocumentsDocuments and the Subordinated Notes) shall consist of (a) approximately (but in no event more than) $200,000,000 10,582,000 in aggregate principal amount of Company's outstanding 9.00% Senior Subordinated Notes due 2009 Indebtedness and (b) Indebtedness Capital Leases described in an aggregate amount not to exceed $3,000,000 on Schedule 7.1 annexed hereto. The terms and conditions of all such Indebtedness shall be in form and in substance satisfactory to Administrative AgentAgent and Requisite Lenders.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

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