Applicable Debt definition

Applicable Debt means all Indebtedness of the Company or any of its Restricted Subsidiaries (a) under Credit Facilities or (b) that is publicly traded (including in the Rule 144A market), including, without limitation, the Issuer’s senior notes and senior subordinated notes outstanding on the Issue Date.

Applicable Debt means:

Applicable Debt means all Indebtedness of Hovnanian or any of its Restricted Subsidiaries (a) under Credit Facilities or (b) that is publicly traded (including in the Rule 144A market), including without limitation the Issuer’s senior notes and senior subordinated notes outstanding on the Issue Date.

Examples of Applicable Debt in a sentence

• Each Lender agrees with the other Lenders that if it, at any time, shall obtain any Advantage over the other applicable Lenders or any thereof in respect of the Applicable Debt (except under Article III hereof), it shall purchase from the other applicable Lenders, for cash and at par, such additional participation in the Debt as shall be necessary to nullify the Advantage.

• Each Lender further agrees with the other Lenders that if it at any time shall receive any payment for or on behalf of Borrowers on any Indebtedness owing by Borrowers to that Lender by reason of offset of any deposit or other Indebtedness, it will apply such payment first to any and all Applicable Debt owing by Borrowers to that Lender (including, without limitation, any participation purchased or to be purchased pursuant to this Section or any other Section of this Agreement).

More Definitions of Applicable Debt

Applicable Debt means obligations described in clauses (a) and (f) of the definition of Indebtedness contained herein (other than obligations permitted by Section 7.04(f) and (g)).

Applicable Debt means any unsecured and unsubordinated debt securities of the Issuer (or any Subsidiary of the Issuer which is guaranteed on an unsecured and unsubordinated basis by the Issuer) having an initial maturity of five (5) years or more;

Applicable Debt means obligations described in clauses (a) and (f) of the definition of Indebtedness contained herein (other than obligations permitted by Section 7.04 (f), (g) and (m)).

Applicable Debt senior unsecured long term debt of the Borrower that is unsupported by any guarantee and is otherwise non credit enhanced.

Applicable Debt at any time shall mean, with respect to the Revolving Credit Commitment, collectively, (i) all Debt incurred by Borrowers to Agent or the Lenders pursuant to this Agreement and includes the principal of and accrued and unpaid interest on all Notes at such time, and (ii) each extension, renewal or refinancing thereof in whole or in part.

Applicable Debt at any time shall mean:

Applicable Debt means (a) with respect to the Tranche A Commitments, the Tranche B Commitments and the Tranche C Commitments, collectively, (i) all Indebtedness incurred by Borrower to Agents or the Banks pursuant to this Agreement (other than pursuant to the Tranche D Commitments) and includes the principal of and interest on all Notes (other than the Tranche D Notes), (ii) each extension, renewal or refinancing thereof in whole or in part, and (iii) the commitment fees, other fees and any prepayment fees payable hereunder (other than the commitment fees and any prepayment fees payable in connection with the Tranche D Commitments); and (b) with respect to the Tranche D Commitments, collectively, (i) all Indebtedness incurred by Borrower to Agents or the Banks pursuant to the Tranche D Commitments and includes the principal of and interest on the Tranche D Notes, (ii) each extension, renewal or refinancing thereof in whole or in part, and (iii) the commitment fees and any prepayment fees payable in connection with the Tranche D Commitments.