Outstanding Debts and Liens Sample Clauses

Outstanding Debts and Liens. Required Purchasers shall be satisfied in their reasonable judgment that (i) existing debts and liens of Issuer, the Acquired Company and their respective subsidiaries do not exceed an amount agreed upon prior to the Closing Date and (ii) there shall not occur as a result of, and after giving effect to, the issuance of the Notes contemplated by this Agreement and the Related Transactions, a default (or any event which with the giving of notice or lapse of time or both will be a default) under any of debt instruments and other material agreements of the Issuer, the Acquired Company or their respective Subsidiaries.
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Outstanding Debts and Liens. Administrative Agent shall be satisfied in its reasonable judgment that (a) Borrower’s, the Acquired Company’ and their respective subsidiaries’ existing debts and liens do not exceed an amount agreed upon prior to the Closing Date, and (b) there shall not occur as a result of, and after giving effect to, the funding of the Loans contemplated by this Agreement and the initial funding hereunder, a default (or any event which with the giving of notice or lapse of time or both will be a default) under any of the Borrower’s, the Acquired Company’s or their respective Subsidiaries’ debt instruments and other material agreements.
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Outstanding Debts and Liens. Agent shall be satisfied that: (i) all outstanding non-contingent obligations under the A/R Securitization Facility shall have been repaid in full in cash with proceeds of the initial Loans hereunder, and the A/R Securitization Facility shall have been terminated; and (ii) all Pre-Petition Revolving Credit Advances and Pre-Petition Letter of Credit Obligations shall have been repaid (or, as applicable, cash collateralized) in full in cash with proceeds of the Term Loan B.
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Outstanding Debts and Liens. Lenders shall be satisfied in their reasonable judgment that (a) Borrowers’ and their respective subsidiaries’ existing liens do not exceed an amount agreed upon prior to the Closing Date, and (b) there shall not occur as a result of, and after giving effect to, the funding of the Loans contemplated by this Agreement and the initial funding hereunder, a default (or any event which with the giving of notice or lapse of time or both will be a default) under any of the Borrowers’ or their respective Subsidiaries’ debt instruments and other material agreements.
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Outstanding Debts and Liens. The instruments governing Indebtedness, material contracts and Constituent Documents of the Loan Parties shall be acceptable to the Administrative Agent.
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Outstanding Debts and Liens. Agent shall be satisfied in its reasonable judgment that Holdings’, Borrower’s and their respective Subsidiaries’ existing Debts (other than under the Financing Documents and the Third Restatement Subordinated Note Documents) and Liens (other than under the Financing Documents) do not exceed $2,500,000 on the Third Restatement Effective Date.
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Related to Outstanding Debts and Liens

  • Indebtedness and Liens (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

  • Indebtedness; Liens The Borrower shall not create, incur, assume or suffer to exist any Indebtedness other than the Obligations. The Borrower shall not create, incur or permit to exist any Lien in or on any of the Collateral subject to the Lien granted by the Borrower pursuant to this Agreement, other than Permitted Liens.

  • Indebtedness and Minority Interests After giving effect to the Transactions and the other transactions contemplated hereby, no Company shall have outstanding any Indebtedness or preferred stock other than (i) the Loans and Credit Extensions hereunder, (ii) the Indebtedness listed on Schedule 6.01(b) and (iii) Indebtedness owed to Borrower or any Guarantor.

  • Existing Indebtedness of the Loan Parties All of the existing Indebtedness for borrowed money of the Borrower and its Subsidiaries (other than Indebtedness permitted to exist pursuant to Section 7.02) shall be repaid in full and all security interests related thereto shall be terminated on or prior to the Closing Date.

  • Existing Liens Set forth on Schedule 4.01(p) hereto is a complete and accurate list as of the date hereof of all Liens on the property or assets of any Loan Party or any of its Subsidiaries, showing the lienholder thereof, the principal amount of the obligations secured thereby and the property or assets of such Loan Party or such Subsidiary subject thereto.

  • Permitted Indebtedness Borrower shall not create, incur, assume or suffer to exist any Indebtedness, except the following (collectively, "Permitted Indebtedness"): (i) Indebtedness under the Loan Documents, (ii) any Indebtedness set forth on Schedule 7.2, (iii) Capitalized Lease Obligations incurred after the Closing Date and Indebtedness incurred pursuant to purchase money Liens permitted by Section 7.3(v), provided that the aggregate amount of such Capitalized Lease Obligations and purchase money indebtedness outstanding at any time shall not exceed $75,000, (iv) Indebtedness in connection with advances made by a stockholder in order to cure any default of the financial covenants set forth on Annex I; provided, however, that such Indebtedness shall be on an unsecured basis, subordinated in right of repayment and remedies to all of the Obligations and to all of Lender's rights pursuant to a subordination agreement in form and substance satisfactory to Lender; (v) accounts payable to trade creditors and current operating expenses (other than for borrowed money) which are not aged more than 120 calendar days from the billing date or more than 30 days from the due date, in each case incurred in the ordinary course of business and paid within such time period, unless the same are being contested in good faith and by appropriate and lawful proceedings and such reserves, if any, with respect thereto as are required by GAAP and deemed adequate by Borrower's independent accountants shall have been reserved; (vi) borrowings incurred in the ordinary course of business and not exceeding $10,000 individually or in the aggregate outstanding at any one time, provided, however, that such Indebtedness shall be on an unsecured basis, subordinated in right of repayment and remedies to all of the Obligations and to all of Lender's rights pursuant to a subordination agreement in form and substance satisfactory to Lender; and (vii)

  • Existing Indebtedness; Future Liens (a) Except as described therein, Schedule 5.15 sets forth a complete and correct list of all outstanding Indebtedness of the Company and its Subsidiaries as of the dates specified in such Schedule (and specifying, as to each such Indebtedness, the collateral, if any, securing such Indebtedness), since which date there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the Company or its Subsidiaries. Neither the Company nor any Subsidiary is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Indebtedness of the Company or such Subsidiary and no event or condition exists with respect to any Indebtedness of the Company or any Subsidiary that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment.

  • Liens securing Indebtedness of the Borrower to a Subsidiary or of a Subsidiary to the Borrower or another Subsidiary.

  • Indebtedness Create, incur, assume or suffer to exist any Indebtedness, except:

  • Material Agreements and Liens (a) Part A of Schedule I hereto is a complete and correct list, as of the Restatement Date, of each credit agreement, loan agreement, indenture, purchase agreement, guarantee, letter of credit or other arrangement providing for or otherwise relating to any Indebtedness or any extension of credit (or commitment for any extension of credit) to, or guarantee by, the Company or any of its Subsidiaries the aggregate principal or face amount of which equals or exceeds (or may equal or exceed) $1,000,000, and the aggregate principal or face amount outstanding or that may become outstanding under each such arrangement is correctly described in Part A of said Schedule I.

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