Permitted Purchase Money Indebtedness contingent liabilities arising out of endorsements of checks and other negotiable instruments for deposit or collection in the ordinary course of business;
Permitted Purchase Money Indebtedness the Investment Debt so long as (i) Parent or any Loan Party does not at any time guaranty such Indebtedness, (ii) the Investment Debt Documents do not contain any cross-default with respect to the Obligations, (iii) prior to the first anniversary of the Closing Date, the interest rate on such indebtedness shall be paid in cash and on and after the first year anniversary of the Closing Date, the interest rate on such indebtedness shall only be paid in kind and (iv) the maturity date of such indebtedness shall not be before ninety one (91) days after the Maturity Date;
Permitted Purchase Money Indebtedness. Indebtedness existing on the date hereof and described in Schedule 7.8,
Permitted Purchase Money Indebtedness. Purchase Money Indebtedness and Capitalized Lease Obligations of Borrowers or Guarantors incurred after the date hereof which is secured solely by a Purchase Money Lien.” “Plan – an employee benefit plan now or hereafter maintained for employees of Borrowers or their Subsidiaries that is covered by Title IV of ERISA.”
Permitted Purchase Money Indebtedness. Purchase Money Indebtedness of any Borrower incurred after the Second Restatement Effective Date which is secured by a Purchase Money Lien and the principal amount of which, when aggregated with the principal amount of all other such Purchase Money Indebtedness and Capitalized Lease Obligations of Borrowers at the time outstanding, does not exceed $15,000,000. For the purposes of this definition, the principal amount of any Purchase Money Indebtedness consisting of capitalized leases (as opposed to operating leases) shall be computed as a Capitalized Lease Obligation. Permitted Refinancing Indenture Documents – any indenture or similar instrument, together with related documents, pursuant to which Century extends or refinances the Indebtedness under the 2021 Indenture so long as: (a) the terms, covenants and conditions of such indenture or similar instrument and related documents, taken as a whole, are not, in the Agent's reasonable judgment, less favorable to the Loan Parties than the terms, covenants and conditions of the 2021 Indenture, (b) the extended or refinanced Indebtedness does not have an original principal issuance amount in excess of $300,000,000 plus any interest paid in kind, (c) the extended or refinanced Indebtedness has a stated maturity date on or after the date that is six months following the date set forth in clause (i) of the defined term Stated Termination Date, and (d) the extended or refinanced Indebtedness is non-recourse to each Loan Party unless such Loan Party (other than Century Xxxxxx and Century Marketer LLC) is obligated with respect to the Indebtedness under the 2021 Indenture (or, following the incurrence of Indebtedness under any Permitted Refinancing Indenture Documents, is obligated with respect to the Indebtedness under such Permitted Refinancing Indenture Documents). Agent and Lenders hereby acknowledge and agree that Glencore may acquire and hold the Indebtedness incurred in connection with the Permitted Refinancing Indenture Documents, or portion thereof, and that the acquisition and holding of such Indebtedness by Glencore shall not constitute a violation of Section 8.2.3 (Affiliated Transactions) of the Loan Agreement. Person – an individual, partnership, corporation, limited liability company, joint stock company, land trust, business trust, or unincorporated organization, or a government or agency or political subdivision thereof. Plan – an employee benefit plan (as defined in Section 3(3) of ERISA) which any ...
Permitted Purchase Money Indebtedness. The definition of “Permitted Purchase Money Indebtedness” in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety, to read as follows:
Permitted Purchase Money Indebtedness. Purchase Money Indebtedness of Borrowers incurred after the date hereof which is secured by a Purchase Money Lien and the principal amount of which, when aggregated with the principal amount of all other such Indebtedness and Capitalized Lease Obligations of Borrowers and their Subsidiaries at the time outstanding, does not exceed One Million Five Hundred Thousand Dollars ($1,500,000). For the purposes of this definition, the principal amount of any Purchase Money Indebtedness consisting of capitalized leases (as opposed to operating leases) shall be computed as a Capitalized Lease Obligation. Person – an individual, partnership, corporation, limited liability company, joint stock company, land trust, business trust, or unincorporated organization, or a government or agency or political subdivision thereof. Plan – an employee benefit plan now or hereafter maintained for employees of any Borrower or any of its Subsidiaries that is covered by Title IV of ERISA.
Permitted Purchase Money Indebtedness. Indebtedness owing by (i) Parent to any other Borrower, (ii) any wholly-owned Borrower to Parent, and (iii) any wholly-owned Borrower to any other wholly-owned Borrower, so long as, in each such case, any such Indebtedness is the subject of the Intercompany Subordination Agreement;
Permitted Purchase Money Indebtedness. Purchase Money Indebtedness of Hermes or any Subsidiary thereof that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount for Hermes and its Subsidiaries does not exceed $2,500,000 at any time. Person: an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature.
Permitted Purchase Money Indebtedness unsecured Indebtedness in an aggregate amount outstanding at any one time not to exceed $35,000,000, provided that (i) no Default or Event of Default has occurred and is continuing at the time of the incurrence of such unsecured Indebtedness or would result after giving effect thereto, (ii) Borrowers shall have delivered to agent a Compliance Certificate demonstrating, in reasonable detail, pro forma compliance with the financial covenants contained in Sections 7.22 and 7.23, and (iii) the obligations of the Borrowers in connection with such Indebtedness shall be subordinate to the Obligations hereunder in a manner reasonably satisfactory to Agent; and
