Approved Indebtedness definition

Approved Indebtedness means any Indebtedness of DTAC and/or DTAG that satisfies all of the following criteria:
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Approved Indebtedness means, any Indebtedness of DTAG and/or DriveTime that satisfies all of the following criteria:
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Approved Indebtedness means collectively, (i) this Loan, (ii) the 525 Prudential Loan, (iii) the Sanwa Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (iv) the PruExpress Loans, (v) the Tango Loan, (vi) the Bank of America Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (vii) debt incurred in the ordinary course of business to acquire goods, supplies, services or merchandise on normal trade credit, (viii) surety bonds which are obtained in the ordinary course of business, (ix) Indebtedness secured by New Purchase Money Liens, (x) Existing BRE Secured Debt, and (xi) Capital Lease Obligations in an amount not to exceed, at any time, $1,000,000; provided, however, that in any and all events, such Approved Indebtedness shall be subject to, and included within the calculations relating to, the financial covenants set forth in Section 6.9 hereof.
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Examples of Approved Indebtedness in a sentence

  • Borrower agrees to disclose the existence of this Section 6.8 in writing to any lender/creditor other than a lender/creditor holding Approved Indebtedness (excluding therefrom a new replacement lienholder of any Approved Lien in substitution for the existing holder of such Approved Lien).

  • Approved Indebtedness" has the meaning set forth in ------------------------ Exhibit X.

  • If the proposed issuance or incurrence meets the standard of subparagraph (2) of the definition of Other Authorized Indebtedness, the County shall, within thirty (30) days of receipt of the Agency’s request and required accompanying documents, execute and deliver to the Agency a certificate to the effect that the proposed issuance or incurrence meets the standard of and constitutes Other Approved Indebtedness for purposes of this Agreement.

  • Unsecured current liabilities (not the result of borrowing) incurred in the ordinary course of business which are not evidenced by notes or instruments, and which are paid in the ordinary course of business; and (iv) Approved Indebtedness.

  • In addition, upon the occurrence of a Triggering Default, but subject to and except as prohibited, restricted or limited by the Exit Financing Documents or the terms of Other Approved Indebtedness, all rights of the Pledgor to exercise the voting and other rights which it would otherwise be entitled to exercise and to receive dividends in respect of the Pledged Collateral, shall cease, and all such rights shall thereupon become vested in the Pledgee as provided in Section 6.

  • Except pursuant to the Exit Financing Documents or the terms of Other Approved Indebtedness, the Pledgor agrees that it will not sell, assign, transfer, convey, exchange, pledge or otherwise dispose of, or grant any option, warrant, right, contract or commitment with respect to, any of the Pledged Collateral without the prior written consent of the Pledgee.

  • Approved Indebtedness: any Indebtedness of DTAC and/or DTAG that is subordinated in right of payment and security (if such Indebtedness is secured) to all senior secured Indebtedness of the Parent Companies, including, without limitation, the Indebtedness evidenced by this Agreement in accordance with subordination agreements satisfactory to Lender.

  • RECOMENDATION Staff recommends adoption of URA Resolution 2012‐017, A Resolution of the Urban Renewal Agency of the City of Sherwood, Oregon Approving Refinancing of Previously Approved Indebtedness to Obtain Debt Service Savings.

  • On or before the Closing Date, Borrower will (i) cause to be repaid all other Indebtedness, other than, except as set forth herein, the Approved Indebtedness, and (ii) cause the outstanding balance of the Sanwa Line of Credit and the Union Line of Credit to be zero (0); provided, however, that after the Closing Date, Borrower shall, subject to the terms hereof, be entitled to draw on such lines of credit in accordance with the terms thereof.

  • Except as prohibited, restricted or limited by the Exit Financing Documents or the terms of Other Approved Indebtedness, the foregoing shall be forthwith delivered to the Pledgee to hold as Pledged Collateral and, if received by the Pledgor, shall be received in trust for the benefit of the Pledgee, segregated from the other property or funds of the Pledgor, and forthwith delivered to the Pledgee as Pledged Collateral in the same form as so received (with any necessary endorsement).


More Definitions of Approved Indebtedness

Approved Indebtedness means collectively, (i) this Loan, (ii) the 525 Prudential Loan, (iii) the Sanwa Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (iv) the Union Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (v) the Tango Loan, (vi) debt incurred in the ordinary course of business to acquire goods, supplies, services or merchandise on normal trade credit, (vii) surety bonds which are obtained in the ordinary course of business, and (ix) Capital Lease Obligations in an amount not to exceed, at any time, $1,000,000; provided, however, that in any and all events, such Approved Indebtedness shall be subject to, and included within the calculations relating to, the financial covenants set forth in Section 6.9 hereof.
Sample 1
Approved Indebtedness means collectively, (i) this Loan, (ii) the 525 Prudential Loan, (iii) the Sanwa Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (iv) the PruExpress Loans, (v) the Tango Loan, (vi) the Bank of America Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (vii) the Public Unsecured BRE Debt, (viii) debt incurred in the ordinary course of business to acquire goods, supplies, services or merchandise on normal trade credit, (ix) surety bonds which are obtained in the ordinary course of business, (x) Indebtedness secured by New Purchase Money Liens, (xi) Existing BRE Secured Debt, and (xii) Capital Lease Obligations in an amount not to exceed, at any time, $1,000,000; provided, however, that in any and all events, such Approved Indebtedness shall be subject to, and included within the calculations relating to, the financial covenants set forth in Section 6.9 hereof.
Sample 1
Approved Indebtedness means indebtedness of the Company, taken on following the date hereof but prior to the Closing, which is approved in writing by the Purchaser to be excluded from the calculation of Indebtedness.
Sample 1
Approved Indebtedness means collectively, (i) the Sanwa Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (ii) the Union Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (iii) debt incurred in the ordinary course of business to acquire goods, supplies, services or merchandise on normal trade credit, (iv) surety bonds which are obtained in the ordinary course of business, and (v) Capital Lease Obligations in an amount not to exceed, at any time, $1,000,000; provided, however, that in any and all events, such Approved Indebtedness shall be subject to, and included within the calculations relating to, the financial covenants set forth in Section 6.9 hereof.
Sample 1
Approved Indebtedness has the meaning set forth in ------------------------ Exhibit X.
Sample 1
Approved Indebtedness means any Indebtedness of DTAC and/or DTAG that is subordinated in right of payment and security (if such Indebtedness is secured) to all senior Indebtedness, whether or not secured, of each of DTAC and DTAG and such Indebtedness shall have a scheduled maturity date no earlier than 18 months following the Termination Date. To be deemed “Approved Indebtedness”, DTAC and/or DTAG shall either place a legend indicating such subordination on every note, ledger page or other document evidencing any part of the Indebtedness or deliver such documents to the Administrative Agent, on behalf of the Lenders.
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Related to Approved Indebtedness

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Administrative Agent or any Lender pursuant to any Loan Document other than any Note.

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Excluded Indebtedness means all Indebtedness not incurred in violation of Section 6.01.

  • Designated Indebtedness has the meaning assigned to such term in the Guarantee and Security Agreement.

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Permitted Indebtedness means, without duplication, each of the following:

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

  • Permitted Secured Indebtedness any Secured Indebtedness that:

  • Acquisition Indebtedness means any Indebtedness of the Loan Parties that has been issued for the purpose of financing, in part, the acquisition of an Acquired Entity or Business.

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Refinance Indebtedness has the meaning assigned to such term in Section 6.01(f).

  • Other Permitted Indebtedness means (a) accrued expenses and current trade accounts payable incurred in the ordinary course of the Borrower’s business which are not overdue for a period of more than 90 days or which are being contested in good faith by appropriate proceedings, (b) Indebtedness (other than Indebtedness for borrowed money) arising in connection with transactions in the ordinary course of the Borrower’s business in connection with its securities transactions, derivatives transactions, reverse repurchase agreements or dollar rolls to the extent such transactions are permitted under the Investment Company Act and the Borrower’s Investment Policies (after giving effect to any Permitted Policy Amendments), provided that such Indebtedness does not arise in connection with the purchase of Portfolio Investments other than Cash Equivalents and U.S. Government Securities and (c) Indebtedness in respect of judgments or awards that have been in force for less than the applicable period for taking an appeal so long as such judgments or awards do not constitute an Event of Default under clause (l) of Article VII.

  • Pledged Indebtedness means the Indebtedness evidenced by promissory notes and instruments listed on Part B of Schedule I hereto;

  • Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.

  • Secured Indebtedness means any Indebtedness secured by a Lien.

  • Receivables Facility Attributed Indebtedness means the amount of obligations outstanding under a receivables purchase facility on any date of determination that would be characterized as principal if such facility were structured as a secured lending transaction rather than as a purchase.

  • Adjusted Indebtedness means, at any date, the result of (a) Seller’s Indebtedness on such date, minus (b) the unpaid principal of Seller’s Subordinated Debt on such date (to the extent such Subordinated Debt is excluded from Seller’s Indebtedness in calculating Seller’s Adjusted Tangible Net Worth on such date in accordance with the definition thereof).

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

  • Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Permitted Convertible Indebtedness means any unsecured Indebtedness issued under the Convertible Senior Notes, and any refinancings or replacements thereof that is unsecured Indebtedness issued by the Borrower and/or guaranteed by a Loan Party; provided that (i) the amount of such Indebtedness is not increased at the time of such refinancing or replacement except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder, and (ii) any Indebtedness in connection with a refinancing or a replacement thereof shall (A) not mature or require any payment of principal thereof prior to the date that is 91 days past the Maturity Date and (B) have covenants that are not more restrictive (taken as a whole) than those set forth herein; provided, further, that the conversion of Permitted Convertible Indebtedness, including any requirement or decision to pay cash upon any conversion of Permitted Convertible Indebtedness in lieu of all or any portion of the Equity Interests of the Borrower due upon conversion of such Permitted Convertible Indebtedness, and the requirement of the Borrower to repurchase Permitted Convertible Indebtedness prior to its stated maturity date upon a fixed date or upon the occurrence of a fundamental change (which would include customary change of control provisions or a termination of trading of the Borrower’s common stock on the exchange on which it is then listed), shall not constitute a maturity or the requirement of any payment of principal of such Permitted Convertible Indebtedness prior to the date that is 91 days past the Maturity Date hereunder for purposes of this definition.

  • Funded Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Consolidated First Lien Indebtedness means Consolidated Indebtedness that is secured by a first priority Lien (other than Permitted Liens) on assets of any Borrower or Restricted Subsidiary.

  • Permitted Subsidiary Indebtedness means any of the following:

  • Estimated Indebtedness has the meaning set forth in Section 2.4(a).

  • Specified Indebtedness means, subject to the Schedule, any obligation (whether present or future, contingent or otherwise, as principal or surety or otherwise) in respect of borrowed money.

  • Restricted Indebtedness means Indebtedness of Holdings, the Borrower or any Subsidiary, the payment, prepayment, repurchase or defeasance of which is restricted under Section 6.09(b).