Additional Secured Indebtedness definition

Additional Secured Indebtedness as of any date of determination, principal amount of secured (including on a first-priority basis) Indebtedness (other than Indebtedness described in clauses (a) through (r) (inclusive) and (u) of the definition of “Permitted Indebtedness”) of the Covered Group Members and Holdco in an aggregate amount in excess of $6,000,000,000 (including, without limitation, Structured Financing), provided that, (i) on the date such Indebtedness is incurred, the Consolidated Leverage Ratio shall be less than 3.00 to 1.00 after giving pro forma effect to the incurrence of such Indebtedness, (ii) a portion of the Net Cash Proceeds of such Indebtedness (other than revolving credit loans) are used to prepay the Loans in accordance with Section 2.5(a), (iii) the aggregate amount of commitments under revolving credit facilities, if any, together with any revolving credit facilities constituting Excluded Secured Indebtedness, shall not exceed $4,000,000,000, (iv) with respect to any revolving credit facility, the amount of Indebtedness thereunder for the purpose of determining compliance with clauses (i) and (iii) of this definition shall equal the commitment thereunder and (v) if any Loan Party is an obligor or guarantor under such Indebtedness, the lenders party thereto (or an agent on behalf of such lenders) shall have executed and delivered an intercreditor agreement in form and substance reasonably satisfactory to the Lender, which may be an amendment, restatement, modification or supplement to the Intercreditor Agreement.

Additional Secured Indebtedness means any Debt (including any guarantee thereof) other than the Notes, the Existing Secured Notes and Additional First Lien Indebtedness, secured by Liens on the Collateral.

Additional Secured Indebtedness means any Debt (including any guarantee thereof) other than the Notes, the First Lien Notes, Additional First Lien Indebtedness, Additional Junior First Lien Indebtedness, Second Lien Notes and Additional Second Lien Indebtedness secured by Liens on the Collateral.

Examples of Additional Secured Indebtedness in a sentence

• Notwithstanding the foregoing, the Administrative Agent and the Loan Parties may amend the Security Documents (without the consent of any other Person) in order to (i) effectuate the release or subordination of the Fixed Assets upon the occurrence of the Fixed Asset Release Event and (ii) add assets as Collateral to the extent such assets secure any Permitted Additional Secured Indebtedness and did not previously secure the Secured Obligations.

• It is the intention of the parties that the Debtholder Obligations shall be identical and equal, but alternative to the obligations of Pledgor to the holders of the Notes and to the holders of Additional Secured Indebtedness under their respective Secured Instruments.

• After the Closing, Buyer shall give Seller and its authorized representatives reasonable access, upon prior written notice and during normal business hours, to books and records of the Company relating to periods prior to the Closing (including, but not limited to, all records necessary for purposes of Seller in determining the Working Capital Statement in Section 2.3(b)), and Buyer shall permit such persons to examine and copy at Seller's expense such books and records to the extent requested by Seller.

• If any Additional Secured Indebtedness takes the form of tax exempt bonds, the holders of a majority of the outstanding principal amount of Bonds shall have the first right to purchase such bonds on terms at least as favorable as the bonds are being offered.

• Also, the statewide SBD group collaborated closely to improve dissemination of industry information through the continued use of its energydesignresources.com website.

More Definitions of Additional Secured Indebtedness

Additional Secured Indebtedness means Indebtedness of the Loan Parties permitted to be incurred under Section 6.01(j).

Additional Secured Indebtedness shall have the meaning assigned to such term in Section 6.02(q).

Additional Secured Indebtedness has the meaning assigned to it in Section 5.10(f).

Additional Secured Indebtedness has the meaning assigned to that term in subsection 7.1(xv).

Additional Secured Indebtedness has the meaning set forth in Section 2.23 (Additional Secured Indebtedness).

Additional Secured Indebtedness means Additional Secured Term Indebtedness and/or Additional Secured Revolving Indebtedness incurred by one or more Credit Parties after satisfying the conditions of Section 2.24 (Additional Secured Indebtedness).

Additional Secured Indebtedness means, as of any date of determination, the principal amount of secured Indebtedness (including that secured on a first-priority basis by the Collateral or the US Collateral or any portion of either thereof, but excluding (a) Indebtedness under the US CreditAgreement and the VEBA Note Facility and (b) Indebtedness described in clauses (a) through (m) (inclusive) and clause (p) of the definition of “Permitted Indebtedness”) of the Covered Group Members and Holdco in an aggregate amount in excess of US$6,000,000,000 (or in the case of amounts denominated in Canadian Dollars, the US Dollar Equivalent thereof) (including, without limitation, Structured Financing), provided that