Specified Indebtedness. The Specified Indebtedness (as defined in the Merger Agreement) shall have been refinanced or assumed to the satisfaction of Buyer (as contemplated by the Merger Agreement), including receipt of a payoff and lien release from the holder of such Specified Indebtedness with respect to any Liens affecting the Property.
Specified Indebtedness. There are no scheduled principal payments due under any Specified Indebtedness prior to the FILO Maturity Date.
Specified Indebtedness. There are no scheduled principal payments due under any Specified Indebtedness prior to the FILO Maturity Date 107 ARTICLE IV CONDITIONS. 107 SECTION 4.01. Restatement Effective Date 107 SECTION 4.02. Each Credit Event 1089 SECTION 4.03. Designation of a Subsidiary Borrower 110 ARTICLE V AFFIRMATIVE COVENANTS. 1101 SECTION 5.01. Financial Statements; Borrowing Base Certificate and Other Information 1101 SECTION 5.02. Notices of Material Events 1134 SECTION 5.03. Existence; Conduct of Business 1145 SECTION 5.04. Payment of Obligations 1145 SECTION 5.05. Maintenance of Properties 116 SECTION 5.06. Books and Records; Inspection Rights 116 SECTION 5.07. Compliance with Laws and Material Contractual Obligations; Compliance with Leaseholds 117 SECTION 5.08. Use of Proceeds 1167 SECTION 5.09. Insurance 1167 SECTION 5.10. Casualty and Condemnation 118 SECTION 5.11. Appraisals 118 SECTION 5.12. [Reserved] 1189 SECTION 5.13. Canadian Pension Plans and Canadian Benefit Plans 1189 SECTION 5.14. Additional Loan Parties and Collateral; Further Assurances 1189 SECTION 5.15. Post-Closing Matters 11920 SECTION 5.16. Financial Advisor 11921 SECTION 5.17. Approved Budget; Budget Testing; Variance Reports; Disbursement Report; Purchase Orders 1201 ARTICLE VI NEGATIVE COVENANTS. 1213 SECTION 6.01. Indebtedness 1213 SECTION 6.02. Liens 125 SECTION 6.03. Fundamental Changes 126 SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions 1257 SECTION 6.05. Asset Sales 128 SECTION 6.06. Limitation on Certain Liens 12830 SECTION 6.07. Swap Agreements 130 SECTION 6.08. Restricted Payments; Certain Payments of Indebtedness 130 SECTION 6.09. Transactions with Affiliates 1301 SECTION 6.10. Restrictive Agreements 132 SECTION 6.11. Amendment of Material Documents 1312 SECTION 6.12. Canadian Pension Plans 133 SECTION 6.13. Applications Under the CCAA and BIA 133 SECTION 6.14. Fixed Charge Coverage Ratio 1323 SECTION 6.15. FILO Borrowing Base; Certain Reserves 1323 SECTION 6.16. Specified Collateral Account 1324 SECTION 6.17. April Equity Tranche 134 ARTICLE VII EVENTS OF DEFAULT 134 SECTION 7.01. Events of Default 134 ARTICLE VIII THE ADMINISTRATIVE AGENT AND FILO AGENT 137 SECTION 8.01. Authorization and Action 137 SECTION 8.02. Administrative Agent’s Reliance, Indemnification, Etc. 140 SECTION 8.03. Posting of Communications 1401 SECTION 8.04. The Agent Individually 1412 SECTION 8.05. Successor Agent 1413 SECTION 8.06. Acknowledgements of Lenders and Issuing Bank 1424 SECTIO...
Specified Indebtedness. Any Indebtedness of the type described in clauses (a), (b), (c), (d), (e) and (g) of the definition thereof; provided that any Guarantee referred to such clause (g) shall relate only to Indebtedness of the type described in clauses (a), (b), (c), (d) and (e) of such definition.
Specified Indebtedness. Maximum Permitted: $1,000,000,0000 plus any additional or other amount, so long as C. 1 does not exceed 2.50 to 1.00, determined on a pro forma basis Senior Net Leverage Ratio Calculations, if applicable3
Specified Indebtedness. The Company and each of its direct and indirect wholly-owned Subsidiaries shall, immediately prior to the Closing, repay the Indebtedness, if any, owed by such Person to any direct or indirect non-wholly-owned Subsidiary of the Company.
Specified Indebtedness. This term shall mean any obligation (whether present or future, contingent or otherwise, as principal or surety or otherwise) in respect of borrowed money.
Specified Indebtedness. 1. ResCare Netherlands B.V., a wholly-owned Dutch subsidiary owned 100% by Res-Care Europe, Inc., currently maintains an unsecured overdraft line of credit with XX Xxxxxx Chase Bank, N.A. (its UK subsidiary) in the amount equivalent to USD $5 million. It is contemplated this line of credit may be increased to the equivalent of USD $7 million for purposes of funding working capital and other administrative purposes on behalf of its Dutch and German subsidiaries: ResCare PeopleServe Support B.V. ResCare PeopleServe B.V. ResCare PeopleServe GmbH Or other foreign subsidiaries that may be established at some time in the future. As of November 30, 2010 there was €2,928,154 outstanding, equivalent to USD $3,801,037.
Specified Indebtedness. Evidence that the Specified Indebtedness has been assumed by the Company to the satisfaction of Buyer or a payoff letter from the holder of the Specified Indebtedness for purposes of Buyer’s refinancing of such Specified Indebtedness, which in either case, includes evidence of the release or discharge of such financing statements and other Liens on or against or affecting the Company Capital Stock, the Company and any assets of the Business in connection with such Specified Indebtedness, in form and substance satisfactory to Buyer;
Specified Indebtedness. Instead of the definition in Section 14 of this Agreement, "Specified Indebtedness" shall mean any obligation (whether present or future, contingent or otherwise, as principal or surety or otherwise) (a) in respect of borrowed money, and/or (b) in respect of any Specified Transaction (except that, for this purpose only, the words "and any other entity" shall be substituted for the words "and the other party to this Agreement (or any Credit Support Provider of such other party or any applicable Specified Entity of such other party)" where they appear in the definition of Specified Transaction and the words “which is not a Transaction under this Agreement but” shall be deleted).
