Common use of Material Debt Clause in Contracts

Material Debt. any Debt of the U.S. Borrower or any Subsidiary thereof under (a) any instrument (other than Debt incurred under this Agreement) or (b) any Hedging Agreement, in each case, in an aggregate outstanding principal amount exceeding $30,000,000. For purposes of determining Material Debt, the principal of any Hedging Agreement of any Person at any time shall be the Hedging Termination Value that such Person would be required to pay if such Hedging Agreement were terminated at such time.

Material Debt. any Debt of the U.S. Borrower or any Subsidiary thereof under (ai) any instrument (other than Debt incurred under this Agreement) or (bii) any Hedging Agreement, in each case, in an aggregate outstanding principal amount exceeding $30,000,000. For purposes of determining Material Debt, the principal of any Hedging Agreement of any Person at any time shall be the Hedging Termination Value maximum aggregate amount (giving effect to any netting agreements) that such Person would be required to pay if such Hedging Agreement were terminated at such time.