Senior Funded Indebtedness Sample Clauses

Senior Funded Indebtedness. At any time of determination, Consolidated Total Funded Indebtedness less, to the extent included in Consolidated Total Funded Indebtedness, Subordinated Debt.
Sample 1
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Senior Funded Indebtedness. After the date hereof, except pursuant to a subordination agreement in form and substance satisfactory to the Funding Lender, create, incur or assume, directly or indirectly (including any contingent obligation), any additional Senior Funded Indebtedness other than Senior Funded Indebtedness owed or to be owed to the Funding Lender.
Sample 1
Senior Funded Indebtedness. The Lenders shall have received evidence satisfactory to them that the Borrowers' consolidated Senior Funded Indebtedness, calculated on a pro forma basis after giving effect to the incurrence of the Initial Loans, does not exceed $7,900,000, and that the Initial Loan under the Revolving Credit Facility does not exceed $2,000,000 and the Initial Loan under the Equipment Acquisition Loan Facility does not exceed $5,900,000.
Sample 1
Senior Funded Indebtedness. The Company will not at any time permit Senior Funded Indebted ness to exceed 70% of Shareholders' Equity.
Sample 1
Senior Funded Indebtedness. At any time of determination, the aggregate principal amount of all funded Indebtedness for borrowed money (other than Subordinated Debt), PLUS all obligations, contingent and otherwise, to reimburse the issuer in respect of any letters of credit, performance bonds, bankers' acceptances, guarantees or other similar instruments, PLUS Capitalized Leases, of TransTechnology and its Subsidiaries. SENIOR LEVERAGE RATIO. As of any date of testing, the ratio of Senior Funded Indebtedness outstanding at such date to Consolidated Adjusted EBITDA, calculated for a Reference Period ended on the last day of the fiscal quarter ended on such date or most recently ended prior to such date, as the case may be. SENIOR SUBORDINATED LOAN AGREEMENT. The $75,000,000 Senior Subordinated Note Purchase Agreement, dated of even date herewith, by and among the Company, the Lenders and Holders referred to therein and BankBoston, N.A., as Administrative Agent for such Lenders and Holders. SENIOR SUBORDINATED LOAN DOCUMENTS. Collectively, the Senior Subordinated Loan Agreement, the Subordinated Guaranty, and each of the Notes, the Warrant Agreement, the Warrants, the Warrant Holders' Agreement, the Registration Rights Agreement, the Exchange Escrow Agreement and the Indenture, each as defined in the Senior Subordinated Loan Agreement. SENIOR SUBORDINATED LOANS. Amounts outstanding under the Senior Subordinated Loan Agreement, as such amounts may be converted in accordance with the terms thereof. SO OHG. Seegxx-Xxxis GmbH & Co. OHG, a German general commercial partnership, at least ninety-nine percent (99%) of whose partnership interests are held by GmbH and the remainder of whose partnership interests are held by TTSOB. STERLING or (POUND). Pounds sterling in the lawful currency of the United Kingdom of Great Britain and Northern Ireland.
Sample 1
Senior Funded Indebtedness. At any time of determination, the sum of (a) the outstanding amount of the Revolving Credit Loans plus, (b) the aggregate amount of all Unpaid Reimbursement Obligations, plus (c) the outstanding amount of the Term Loan, plus (d) the aggregate amount of all outstanding Capitalized Leases and Synthetic Leases (including without limitation the Permitted Synthetic Lease) incurred pursuant to Section 10.1(c) and (d) hereof, plus (e) the aggregate outstanding amount of all Indebtedness incurred pursuant to Section 10.1(e) hereof, plus (f) the aggregate amount of all outstanding Indebtedness incurred pursuant to Section 10.1(k) hereof.
Sample 1
Senior Funded Indebtedness. With respect to the Borrower and its Subsidiaries on a consolidated basis as at any date of determination, an amount (without duplication) equal to the aggregate amount of all Indebtedness (other than Subordinated Debt) of the Borrower and its Subsidiaries on a consolidated basis at such time (including, without limitation, the aggregate amount of all commitments to fund such Indebtedness) pursuant to any agreement or instrument to which the Borrower or any of its Subsidiaries is a party relating to the borrowing of money or the obtaining of credit or in respect of Capitalized Leases or Synthetic Leases.
Sample 1
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Related to Senior Funded Indebtedness

  • Funded Indebtedness 2 GAAP............................................................ 6

  • Unsecured Indebtedness All Indebtedness of Borrower, of any Guarantor or of any of the other Related Companies to the extent not secured by a Lien on any Properties including, without limitation, the Outstanding Obligations and any Indebtedness evidenced by any bonds, debentures, notes or other debt securities presently outstanding or which may be hereafter issued by Borrower or by the Company. Unsecured Indebtedness shall not include accrued ordinary operating expenses payable on a current basis.

  • Investments; Indebtedness UDS shall not, and shall not permit any of its Subsidiaries to, (i) make any loans, advances or capital contributions to, or investments in, any other Person, other than (x) loans or investments by UDS or a wholly owned Subsidiary of UDS to or in UDS or any wholly owned Subsidiary of UDS, (y) in the ordinary course of business consistent with past practice which are not, individually or in the aggregate, material to UDS and its Subsidiaries taken as a whole (provided that none of such transactions referred to in this clause (y) presents a material risk of making it more difficult to obtain any approval or authorization required in connection with the Merger under Regulatory Law) or (ii) except in the ordinary course consistent with past practice under UDS's existing authorized commercial paper program, incur any indebtedness for borrowed money or guarantee any such indebtedness of another Person, issue or sell any debt securities or warrants or other rights to acquire any debt securities of UDS or any of its Subsidiaries, guarantee any debt securities of another person, enter into any "keep well" or other agreement to maintain any financial statement condition of another Person (other than any wholly owned Subsidiary) or enter into any arrangement having the economic effect of any of the foregoing (collectively, "UDS Indebtedness").

  • Subordinated Indebtedness The Obligations constitute senior indebtedness which is entitled to the benefits of the subordination provisions of all outstanding Subordinated Indebtedness.

  • Funded Debt No Borrower Party will, or will permit any of its Subsidiaries to, create, assume, incur, or otherwise become or remain obligated in respect of, or permit to be outstanding, any Funded Debt except:

  • Secured Indebtedness The Borrower shall not permit the ratio of (i) Secured Indebtedness of the Borrower and its Subsidiaries to (ii) Total Asset Value to be greater than 0.40 to 1.00 at any time.

  • Subsidiary Indebtedness The Borrower will not permit any Subsidiary to create, incur, assume or permit to exist any Indebtedness, except:

  • 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)

  • Payment of Outstanding Indebtedness, etc The Administrative Agent shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreement and any other Indebtedness not permitted by Section 7.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

  • Outstanding Indebtedness Neither the Company nor any of its Subsidiaries has outstanding any Indebtedness except as permitted by paragraph 6B. There exists no default under the provisions of any instrument evidencing such Indebtedness or of any agreement relating thereto.

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