Short-Term Indebtedness. Lessee may incur Short-Term Indebtedness (as defined below) for working capital purposes as in its judgment is deemed expedient, provided that in no event will Lessee incur Short-Term Indebtedness, together with outstanding Nonrecourse Indebtedness and Interim Indebtedness (as defined below) in excess of the greater of: (1) 35% of Operating Expenses in any Fiscal Year, or (2) Maximum Deferred Apportionment.
Short-Term Indebtedness. The Tenant may incur Short-Term Indebtedness (as defined below) for working capital purposes as in its judgment is deemed expedient, provided that in no event will the Tenant incur Short-Term Indebtedness, together with outstanding Nonrecourse Indebtedness and Interim Indebtedness (defined below) in excess of the maximum amount of advance apportionment and principal apportionment due to the School in any fiscal year that is deferred at any time or subject to deferral pursuant to Section 14041.6 of the California Education Code or Sections 16325.5 and 16326 of the California Government Code, or any subsequent legislation authorizing additional deferrals of such apportionments.
Short-Term Indebtedness. The Corporation may incur Short-Term Indebtedness if, immediately after the incurrence of such Short-Term Indebtedness, the total principal amount of Outstanding Short-Term Indebtedness of the Corporation incurred under this subsection does not exceed 15% of the Unrestricted Net Assets of the Corporation as shown on the audited financial statements of the Corporation for the most recent fiscal year for which audited financial statements are available; provided, however, that for a period of at least 30 consecutive calendar days in each fiscal year the total amount of such Short-Term Indebtedness of the Corporation Outstanding under this subsection shall be not more than 8% of the Unrestricted Net Assets of the Corporation for the preceding fiscal year plus such additional amount as the Corporation certifies in an Officer’s Certificate is (1) attributable to Short-Term Indebtedness incurred to offset a temporary delay in the receipt of funds due from third party payors, and
Short-Term Indebtedness. The Institution may incur Short-Term Indebtedness if, with respect to such indebtedness, during any twelve (12) month period, there will be no outstanding balance for a period of not less than thirty (30) days.
Short-Term Indebtedness. The Corporation may incur Short-Term Indebtedness if, immediately after the incurrence of such Short-Term Indebtedness, the total principal amount of Outstanding Short-Term Indebtedness under this Subsection (k), together with the Outstanding principal amount of any Indebtedness incurred under Subsections (j) and (m), will not exceed 25% of the Revenues of the Corporation for the most recent fiscal year for which audited financial statements are available.
Short-Term Indebtedness. Upon the written consent of a Majority of the Holders, the Borrower may incur Short Term Indebtedness from time to time.
Short-Term Indebtedness. For at least 60 consecutive days during each period of twelve consecutive calendar months occurring after the Closing Date, the aggregate outstanding amount of Short-Term Indebtedness of the Company and its Restricted Subsidiaries, determined on a consolidated basis in accordance with generally accepted accounting principles, shall not exceed the principal amount of additional Funded Indebtedness which could have been incurred by the Company and its Restricted Subsidiaries in compliance with Section 9.20 hereof.
Short-Term Indebtedness. The last sentence of Section 7.1 1 of the Credit Agreement shall be amended by adding "(a)" in line five of such Section after the words "shall not include", and by adding the following at the end of such sentence: or (b) the current portion as determined in accordance with GAAP of the existing Long Tenn Debt of the Borrower; PROVIDED, that as used in this sentence, "the existing Long Term Debt of the Borrower" shall be deemed to refer to (I) the Senior Unsecured Notes of the Borrower due 1999, (ii) the Senior Notes of the Borrower due 2001, (iii) the Medium Term Notes of the Borrower and (iv) the Senior Subordinated Notes of the Borrower due 2003."
