Bridge Indebtedness definition

Bridge Indebtedness has the meaning specified in Section 7.03(m).

Bridge Indebtedness means Indebtedness incurred by CareFusion Corporation and/or any other Subsidiary(ies) of the Performance Guarantor in an aggregate amount not in excess of $2,000,000,000 the proceeds of which (after deducting expenses) are required by the terms thereof to be used solely to pay one or more special dividends to the Performance Guarantor; provided that (i) neither the Performance Guarantor nor any of its Subsidiaries (other than CareFusion Corporation and its Subsidiaries) shall guarantee such Indebtedness after the consummation of the Spin-off or have any other liability with respect thereto and (ii) such Indebtedness shall be unsecured until after consummation of the Spin-off.

Bridge Indebtedness means all payment and performance obligations as existing from time to time of the Borrower Parties to the lenders and the administrative agent, or any of them, under the definitive documentation in respect of the Bridge Facility (including any interest, fees and expenses that, but for the provisions of the Bankruptcy Code, would have accrued), or as a result of the making of loans thereunder.

Examples of Bridge Indebtedness in a sentence

• For the avoidance of doubt, nothing in this Section 10.7 shall restrict the making of any prepayment of accrued but unpaid interest and/or original issue discount in respect of either the Borrower Senior Facility or any Refinanced Bridge Indebtedness Documentation in accordance with “Optional Interest Repayment” provisions thereof at the end of any accrued period ending after the fifth anniversary of the Closing Date.

• In such event, any or all of the Senior Indebtedness and/or Equity Bridge Indebtedness originally intended to be satisfied will be deemed to be reinstated and outstanding to the extent of any repayment, return, or other action, as if such payment on account of such indebtedness had not been made.

• For the avoidance of doubt, Bridge Indebtedness shall include Indebtedness under that certain Credit Agreement, dated as of December 2, 2021, by and among the Borrower, as borrower, the guarantors from time to time party thereto, the lenders from time to time party thereto, and Morgan Stanley Senior Funding, Inc., as administrative agent.

• For the avoidance of doubt, the restrictions in this Section 5.10 shall not apply to Liens on Bridge Collateral securing the Bridge Indebtedness.

• Amend, modify or change in any manner any term or condition of any Subordinated Indebtedness, Additional Unsecured Indebtedness or Bridge Indebtedness permitted by Section 7.03(i), (l) or (m) or refinance or replace any such Indebtedness so that the terms and conditions thereof are less favorable to the Administrative Agent, and the Lenders than the terms and conditions of the relevant Indebtedness as of the later of the Amendment No. 4 Effective Date or the date of incurrence thereof.

More Definitions of Bridge Indebtedness

Bridge Indebtedness means all present and future indebtedness of the Borrower to the Bridge Agent and the Bridge Lenders, absolute or contingent, determined or undetermined, cxxxxx or inchoate, matured or unmatured, howsoever arising or incurred under the Bridge Credit Agreement or under any of the other Bridge Loan Documents and includes all fees, costs, expenses and indemnity obligations under any of the Bridge Loan Documents and the indebtedness of the Borrower pursuant to any judgment obtained in respect of the failure by the Borrower to perform or observe any of its obligations under any of the Bridge Loan Documents;

Bridge Indebtedness means all Indebtedness of the Borrower outstanding under the Bridge Agreement, which Indebtedness does not, at any time, exceed $170,000,000.

Bridge Indebtedness means Indebtedness incurred by CareFusion Corporation and/or any other Subsidiary(ies) of the Company in an aggregate amount not in excess of $2,000,000,000 the proceeds of which (after deducting expenses) are required by the terms thereof to be used solely to pay one or more special dividends to the Company; provided that (i) neither the Company nor any of its Subsidiaries (not including CareFusion and its Subsidiaries) shall guarantee such Indebtedness after the consummation of the Spin-off or have any other liability with respect thereto and (ii) such Indebtedness shall be unsecured until after consummation of the Spin-off.

Bridge Indebtedness means, collectively, all (i) the principal indebtedness under the Bridge Credit Agreement, (ii) interest (including interest at any default rate of interest provided for in the Bridge Loan Documents on the principal indebtedness under the Bridge Loan Documents, interest, fees, expenses, charges or other amounts accruing on or after the filing of any petition in bankruptcy or for reorganization at the rate or in the amount otherwise applicable thereto, whether or not any such interest, fees, expenses, charges or other amounts is an allowed claim), (iii) all premiums and fees (including post-petition fees and costs, including

Bridge Indebtedness means the Bridge Loans, the Extended Term Loans (if any) and the Exchange Notes (if any).

Bridge Indebtedness. Indebtedness that (i) is in an aggregate principal amount not to exceed $350,000,000 at any time outstanding, (ii) will not have a final maturity date less than 364 days after the date of execution of the definitive documentation for such Indebtedness, (iii) is used to finance the purchase of the Bridge Assets, (iv) is on terms and conditions not materially less favorable to the Borrower than those in this Agreement and (v) is not secured by a Lien on any asset other than the Bridge Collateral.

Bridge Indebtedness. Indebtedness that (i) is in an aggregate principal amount not to exceed $350,000,000 at any time outstanding, (ii) will not have a final maturity date less than 364 days after the date of execution of the definitive documentation for such Indebtedness, (iii) is used to finance the purchase of the Bridge Assets, (iv) is on terms and conditions not materially less favorable to the Borrower than those in this Agreement and (v) is not secured by a Lien on any asset other than the Bridge Collateral. For the avoidance of doubt, Bridge Indebtedness shall include Indebtedness under that certain Credit Agreement, dated as of December 2, 2021, by and among the Borrower, as borrower, the guarantors from time to time party thereto, the lenders from time to time party thereto, and Xxxxxx Xxxxxxx Senior Funding, Inc., as administrative agent.