{"component": "clause", "props": {"groups": [{"snippet": "(a) No Obligor shall (and the Company shall ensure that no other member of the Group will) incur (or agree to incur) or have outstanding any Financial Indebtedness.\n(b) Paragraph (a) above does not apply to:\n(i) Financial Indebtedness referred to in paragraph (b) of Clause 23.6 (Loans and guarantees);\n(ii) Financial Indebtedness arising under the Finance Documents;\n(iii) any Financial Indebtedness of a company which becomes a member of the Group after the date of this Agreement, where the Financial Indebtedness is incurred prior to the date on which that company becomes a member of the Group if:\n(A) the Financial Indebtedness was not incurred in contemplation of the acquisition of that company;\n(B) the Financial Indebtedness is repaid, prepaid or cancelled in full within [***] of that company becoming a member of the Group;\n(iv) any Financial Indebtedness permitted under Clause 23.19 (Hedging);\n(v) any Financial 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Communications AG)", "score": 36.1594810486, "published": true}, {"hash": "gNLKJ0HAPAG", "uri": "/contracts/gNLKJ0HAPAG#financial-indebtedness", "label": "Additional Facility Agreement (Sunrise Communications AG)", "score": 35.6502380371, "published": true}, {"hash": "MeL1qCUyks", "uri": "/contracts/MeL1qCUyks#financial-indebtedness", "label": "Additional Facility Ax Accession Agreement (Sunrise Communications AG)", "score": 35.6502380371, "published": true}], "hash": "db1140489e615804601742177c49a07d", "id": 9}, {"snippet": "amend the definition of Financial Indebtedness as follows:\n(a) deleting paragraph (f) in relation to deferred payments; and\n(b) by excluding the following items from the definition:\n(i) any obligation to make payments in relation to earn outs;\n(ii) any pension obligations; and\n(iii) any payments for assets acquired or services supplied deferred in accordance with the terms pursuant to which the relevant assets were or are to be acquired or services were or are to be supplied.", "snippet_links": [{"key": "the-definition-of", "type": "definition", "offset": [6, 23]}, {"key": "in-relation-to", "type": "clause", "offset": [86, 100]}, {"key": "deferred-payments", "type": "definition", "offset": [101, 118]}, {"key": "payments-in", "type": "clause", "offset": [209, 220]}, {"key": "pension-obligations", "type": "definition", "offset": [253, 272]}, {"key": "payments-for", "type": "clause", "offset": [288, 300]}, {"key": "assets-acquired", "type": "clause", "offset": [301, 316]}, {"key": "services-supplied", "type": "clause", "offset": [320, 337]}, {"key": "in-accordance-with", "type": "definition", "offset": [347, 365]}, {"key": "the-terms", "type": "definition", "offset": [366, 375]}, {"key": "pursuant-to", "type": "definition", "offset": [376, 387]}, {"key": "relevant-assets", "type": "definition", "offset": [398, 413]}], "size": 13, "samples": [{"hash": "7kqGjj1AfUe", "uri": "/contracts/7kqGjj1AfUe#financial-indebtedness", "label": "Accession 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["representations-undertakings-and-events-of-default", "Representations Undertakings and Events of Default"]], "size": 1099, "id": "financial-indebtedness", "related": [["additional-indebtedness", "Additional Indebtedness", "Additional Indebtedness"], ["security-and-financial-indebtedness", "Security and Financial Indebtedness", "Security and <strong>Financial Indebtedness</strong>"], ["investments-indebtedness", "Investments; Indebtedness", "Investments; Indebtedness"], ["guaranteed-indebtedness", "Guaranteed Indebtedness", "Guaranteed Indebtedness"], ["secured-indebtedness", "Secured Indebtedness", "Secured Indebtedness"]], "related_snippets": [], "updated": "2026-05-24T05:54:25+00:00", "also_ask": ["What are the most negotiable carve-outs to the definition of Financial Indebtedness?", "Which drafting elements are essential to prevent unintended debt classification?", "What are the main risks if Financial Indebtedness is defined too broadly or narrowly?", "How does this clause compare to market standards in similar transactions?", "What factors most influence a court\u2019s interpretation of Financial Indebtedness in disputes?"], "drafting_tip": "Define 'Financial Indebtedness' precisely to avoid ambiguity; enumerate included and excluded obligations to ensure clarity; align definitions with market standards to facilitate enforceability.", "explanation": "The Financial Indebtedness clause defines and regulates the types and amounts of debt or financial obligations a party may incur under an agreement. Typically, it outlines what constitutes financial indebtedness, such as loans, guarantees, or other forms of borrowing, and may set limits or require consent for taking on new debt. This clause serves to protect the interests of the other party by preventing excessive or unauthorized borrowing, thereby managing financial risk and ensuring the party remains financially stable throughout the contract term."}, "json": true, "cursor": ""}}