Applicable Indebtedness definition

Applicable Indebtedness has the meaning specified in the definition of “Weighted Average Life to Maturity.”

Applicable Indebtedness means the Indebtedness of the Company Group as of the last day of the applicable Measurement Period (measured on a consolidated basis in accordance with GAAP) as reflected on the financial statements of the Company as of such day.

Applicable Indebtedness of any Person shall mean all Indebtedness of such Person other than trade payables incurred in the ordinary course of business which are not evidenced by an Indebtedness Instrument.

Examples of Applicable Indebtedness in a sentence

• To the extent the holders of Other Applicable Indebtedness decline to have such indebtedness repurchased or prepaid, the declined amount shall promptly (and in any event within five (5) Business Days after the date of such rejection) be applied to prepay the Loans in accordance with the terms hereof.

• To the extent the holders of Other Applicable Indebtedness decline to have such indebtedness repurchased, repaid or prepaid with any such Net Cash Proceeds, the declined amount of such Net Cash Proceeds shall promptly (and, in any event, within 10 Business Days after the date of such rejection) be applied to prepay Loans in accordance with the terms hereof (to the extent such Net Cash Proceeds would otherwise have been required to be applied if such Other Applicable Indebtedness was not then outstanding).

• To the extent the holders of Other Applicable Indebtedness decline to have such indebtedness repurchased, repaid or prepaid with any such Net Proceeds, the declined amount of such Net Proceeds shall promptly (and, in any event, within 10 Business Days after the date of such rejection) be applied to prepay Term Loans in accordance with the terms hereof (to the extent such Net Proceeds would otherwise have been required to be applied if such Other Applicable Indebtedness was not then outstanding).

• UTC shall have performed (i) in all material respects all obligations required to be performed by it under this Agreement and (ii) in all respects the obligation required to be performed by it under the first sentence of Section 3 of the Separation Principles (relating to the Applicable Indebtedness (as defined in the Separation Principles) not exceeding the Target Indebtedness), in the case of each of clauses (i) and (ii), at or prior to the Closing Date.

• If the aggregate principal amount of Notes and other Applicable Indebtedness surrendered by Holders thereof exceeds the amount of Excess Proceeds, the Trustee shall select the Notes and other Applicable Indebtedness to be purchased on a pro rata basis.

More Definitions of Applicable Indebtedness

Applicable Indebtedness shall have the meaning provided in the definition of Weighted Average Life to Maturity;

Applicable Indebtedness has the meaning ascribed to such term in Section 8(f)(iv).

Applicable Indebtedness means senior unsecured long-term debt of the Company.

Applicable Indebtedness means, in respect of any asset that is the subject of an Asset Sale, Indebtedness of the Issuer secured by a Permitted Lien on such asset or Indebtedness of a Guarantor secured by a Permitted Lien on such asset.

Applicable Indebtedness means in respect of any asset, Indebtedness that is pari passu with the Notes.

Applicable Indebtedness has the meaning assigned to such term in the definition of “Asset Disposition”.

Applicable Indebtedness has the meaning set forth in the definition of “Weighted Average Life to Maturity.” -3-Last Saved: 08/19/2013 8:50 pm CG&R Draft 0000000000v1 0000000000