Unsecured Funded Debt Sample Clauses

Unsecured Funded Debt. A. Aggregate outstanding principal of Indebtedness permitted by Section 6.6.15 Total $___________
Sample 1
AutoNDA by SimpleDocs
Unsecured Funded Debt. Claims2 On the Plan Effective Date, each Allowed Unsecured Funded Debt Claim will be released and extinguished, and each holder of an Allowed Unsecured Funded Debt Claim shall receive, in full and final satisfaction of such Allowed Unsecured Funded Debt Claim, its pro rata share (based on such holder’s proportionate share of all Allowed Unsecured Funded Debt Claims) of: • 5.0% of the New Interests that are issued and outstanding on the Plan Effective Date (after giving effect to the consummation of the Restructuring Transactions to occur on or as of the Plan Effective Date, including all distributions to be made on or as of the Plan Effective Date, and assuming the issuance of the Reserved Interests), subject to dilution by the Management Incentive Plan and the Noteholder Warrants; and • the Noteholder Warrants. Impaired; Entitled to Vote Class 7A General Unsecured Claims against Company Parties without Team Rejection Claims or Material On the Plan Effective Date, each holder of an Allowed General Unsecured Claim against a Company Party without Team Rejection Claims or Material Rejection Claims shall receive, at such Company Party’s option, with the consent of the Required Consenting Creditors, either: (i) Reinstatement of such Allowed General Unsecured Claim pursuant to section 1124 of the Bankruptcy Code; or (ii) payment in full in Cash Unimpaired; Not Entitled to Vote 2 For the avoidance of doubt, the holders of Third Lien Term Loan Claims and Third Lien Notes Claims will not vote at Diamond Gaming Services, LLC (but will vote in Class 6 at each other Company Party). Rejection Claims on (a) the Plan Effective Date, or (b) the date due in the ordinary course of business in accordance with the terms and conditions of the particular transaction giving rise to such Allowed General Unsecured Claim, unless otherwise agreed to by such holder.
Sample 1
Unsecured Funded Debt. Incur Unsecured Funded Debt (excluding the Obligations, all 1031 Debt and obligations under unsecured letters of credit which are unrelated to any overriding revolving line of credit) in an amount that would cause the aggregate amount of Unsecured Funded Debt of the REIT Guarantor and its Subsidiaries (including, without limitation, the Excluded Entities) to exceed $25,000,000.00.
Sample 1

Related to Unsecured Funded Debt

  • 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.

  • 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:

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

  • 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").

  • Indebtedness; Disqualified Stock (a) Create, incur, assume, guarantee, suffer to exist or otherwise become or remain liable with respect to, any Indebtedness, except Permitted Indebtedness, or (b) issue Disqualified Stock.

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

  • Total Debt The Company will not at any time permit Consolidated Total Debt to exceed any of the following:

  • Certain Indebtedness There is no Indebtedness of Borrower owing to any employee, officer, stockholder or director of the board of Borrower other than accrued salaries, commissions and the like and any Indebtedness subordinated to the Obligations pursuant hereto.

  • Non-Recourse Indebtedness Indebtedness of Parent Borrower, its Subsidiaries or an Unconsolidated Affiliate which is secured by one or more parcels of Real Estate (other than an Eligible Real Estate Asset) or interests therein or equipment and which is not a general obligation of Parent Borrower or such Subsidiary or Unconsolidated Affiliate, the holder of such Indebtedness having recourse solely to the parcels of Real Estate, or interests therein, securing such Indebtedness, the leases thereon and the rents, profits and equity thereof or equipment, as applicable (except for recourse against the general credit of the Parent Borrower or its Subsidiaries or an Unconsolidated Affiliate for any Non-Recourse Exclusions), provided that in calculating the amount of Non-Recourse Indebtedness at any time, the amount of any Non-Recourse Exclusions which are the subject of a claim and action shall not be included in the Non-Recourse Indebtedness but shall constitute recourse Indebtedness. Non-Recourse Indebtedness shall also include Indebtedness of a Subsidiary of Parent Borrower that is not a Subsidiary Borrower or of an Unconsolidated Affiliate which is a special purpose entity that is recourse solely to such Subsidiary or Unconsolidated Affiliate, which is not cross-defaulted to other Indebtedness of the Borrowers and which does not constitute Indebtedness of any other Person (other than such Subsidiary or Unconsolidated Affiliate which is the borrower thereunder).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!