Long-Term Indebtedness. Agent shall be reasonably satisfied with the terms and conditions of any existing long-term Indebtedness of the Loan Parties and Guarantors to remain outstanding after the Original Closing Date, and to the extent requested by Agent, each holder of such long-term Indebtedness shall have entered into a Subordination Agreement with Agent;
Long-Term Indebtedness. Except as set forth in SCHEDULE 4.1(gg), the Corporation does not have outstanding any bonds, debentures, mortgages or notes, and is not under any obligation to create or issue any bonds, debentures, mortgages or notes. Furthermore, except as set forth in SCHEDULE 4.1(gg), the Corporation does not have any indebtedness maturing more than one year after the date of its creation or issuance and the Corporation is not under any agreement or obligation to create, incur or issue any such indebtedness.
Long-Term Indebtedness. Terra Industries will not, and will not permit any of its Subsidiaries to: (x) purchase, redeem, retire or otherwise acquire for value, or set apart any money for a sinking, defeasance or other analogous fund for the purchase, redemption, retirement or other acquisition of, or make any voluntary payment or prepayment of the principal of or interest on, or any other amount owing in respect of (i) the Senior Secured Notes, (ii) the Senior Second Lien Notes, (iii) the Terra UK Debt or the Terra Canada Debt (below an aggregate outstanding principal amount of $35,000,000) or (iv) any other long-term indebtedness of Terra Industries and its Subsidiaries, other than (1) the redemption or repayment (it being understood that such terms include defeasance but do not include open market purchases) of the Senior Second Liens Notes directly with proceeds of the issuance by Terra Industries of its convertible preferred Stock (provided, that such convertible preferred Stock shall not have a scheduled redemption date that is prior to the original maturity date of the Senior Second Lien Notes), (2) Intercompany Indebtedness, with the exception of the aforementioned Terra UK Debt and Terra Canada Debt (provided, however, that no Intercompany Indebtedness of any Loan Party constituting Collateral shall be repaid or prepaid, including the Terra UK Debt and Terra Canada Debt, unless the Intercompany Indebtedness of such Loan Party constituting Shared Collateral has first been paid in full), and (3) except following the occurrence of an Event of Default which is continuing, the prepayment of Indebtedness under the MCC Credit Agreement (including, without limitation, any penalty or premium required to be paid in connection with such prepayment under the MCC Credit Agreement as in effect on the Effective Date), except in each case for regularly scheduled payments of principal and interest in respect thereof required pursuant to the Indentures, MCC Credit Agreement or other instruments evidencing such long-term Indebtedness; or (y) amend, in any manner materially adverse to the interests of the Lenders and the Issuers, the documentation creating or evidencing any long-term Indebtedness of Terra Industries and its Subsidiaries, except (with respect to the Indentures) amendments which are permitted by Section 8.11. Notwithstanding the foregoing restrictions, Terra Capital may also make open market purchases of the Senior Second Lien Notes and the Senior Secured Notes (each a “Senior...
Long-Term Indebtedness. The Corporation may incur Long-Term Indebtedness if prior to incurrence thereof or, if such Long-Term Indebtedness was incurred in accordance with another subsection of this Section and the Corporation wishes to have such Indebtedness reclassified as having been issued under this Section 6.2(a), prior to such reclassification, there is delivered to the Trustee the following:
Long-Term Indebtedness. Effective as of the Closing, there is no outstanding Indebtedness of the Company and the Company Subsidiary other than outstanding Indebtedness that is reflected in the calculation of Closing Working Capital and therefore reflected in the calculation of the Adjusted Purchase Price, in which case such Indebtedness shall not be required to be repaid, satisfied, released or discharged effective as of the Closing and is permitted to remain outstanding from and after the Closing.
Long-Term Indebtedness. The Company has no long-term indebtedness.
Long-Term Indebtedness. Schedule 4.8 contains a true, complete and accurate list of all outstanding long-term indebtedness of the Company.
Long-Term Indebtedness. (a) any Indebtedness or portion thereof which is due and payable more than one year from the date of determination; (b) any Indebtedness or portion thereof regardless of its term, if such indebtedness or portion thereof is renewable or extendable, at the sole option of the obligor of such Indebtedness pursuant to the terms thereof or of a revolving credit or a similar agreement, to a date more than one year from the date of determination; and (c) any Indebtedness or portion thereof, regardless of its term, which by its terms or the agreement pursuant to which it is issued may be paid at the sole option of the obligor or such Indebtedness with the proceeds of other Indebtedness which may be incurred pursuant to the terms of such first mentioned Indebtedness or of such agreement, which other Indebtedness is due and payable more than one year from the date of determination.
Long-Term Indebtedness. The fair values of long-term indebtedness are estimated based on the quoted market prices of the financial instruments. If quoted market prices were not available, the Company estimated the fair value based on the quoted market price of a financial instrument with similar characteristics.
Long-Term Indebtedness. Except for the indebtedness that will be repaid at Closing in the amounts set forth in the Pay-Off Letters and the Italian Indebtedness, the Company and the Subsidiaries have no long-term indebtedness.
