Permitted Debt Offering Sample Clauses
The Permitted Debt Offering clause defines the conditions under which a party, typically the borrower, is allowed to issue new debt without breaching the terms of an agreement. This clause usually specifies the types of debt instruments that are allowed, such as bonds or notes, and may set limits on the amount, maturity, or ranking of the new debt. For example, it might permit the issuance of senior unsecured notes up to a certain dollar amount, provided certain financial ratios are maintained. The core function of this clause is to provide flexibility for the borrower to raise additional capital while protecting the interests of existing creditors or stakeholders by imposing clear boundaries on new indebtedness.
Permitted Debt Offering. Any issuance of Indebtedness by the Parent, provided that such Indebtedness (a) is unsecured, (b) is issued pursuant to documentation containing market terms, and (c) does not exceed $200,000,000 in the aggregate.
Permitted Debt Offering. Any issuance of Indebtedness by the Parent (other than an issuance of Subordinated Debt made in connection with the prepayment, purchase or replacement of the 2022 Convertible Subordinated Notes effectuated in accordance with ss.8.11 herein), provided that such Indebtedness (a) is unsecured, (b) is issued pursuant to documentation containing market terms, and (c) does not exceed $200,000,000 in the aggregate. 2022 Convertible Subordinated Notes. The Floating Rate Convertible Subordinated Notes due 2022 issued by the Parent pursuant to the Indenture, dated as of April 30, 2002 between the Parent and State Street Bank & Trust Company of California, N.A., as trustee, in an aggregate principal amount not to exceed $175,000,000 plus interest as provided for in the 2022 Notes Indenture, as such Convertible Subordinated Notes may be amended, supplemented or otherwise modified or replaced from time to time in accordance with ss.8.11 herein.
Permitted Debt Offering. Any issuance of Indebtedness by the Parent (other than an issuance of Subordinated Debt made in connection with the prepayment, purchase or replacement of the 2022 Convertible Subordinated Notes effectuated in accordance with §8.11 herein), provided that such Indebtedness (a) is unsecured, (b) is issued pursuant to documentation containing market terms, and (c) does not exceed $200,000,000 in the aggregate. Permitted Debt Offering Maturity Event. The date which is ninety-one (91) days prior to the first date on which principal payments in an aggregate amount in excess of $50,000,000 in respect of Permitted Debt Offerings are required to be made by the Borrowers.