Comerica Debt definition

Comerica Debt means the Indebtedness incurred by Borrower from time to time pursuant to the Comerica Loan Agreement.
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Comerica Debt means the term loans owed by any of the Borrowers to Comerica Bank as set forth on Schedule 1.4.
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Comerica Debt means the amounts outstanding as of the Closing Date under that certain Loan and Security Agreement (Accounts and Inventory), by and between Comerica Bank - California and Xxxxxxx Laboratories Inc., dated June 11, 2002.
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Examples of Comerica Debt in a sentence

  • All existing Senior Debt and future Senior Debt, excluding however, the Comerica Debt, may only be increased by an additional $5,000,000 if the Purchaser approves of such increase in a written notice to the Company, signed by an authorized signatory of the Purchaser.

  • On or before the Closing Date, Buyer shall assume or satisfy the Comerica Debt.

  • The Notes rank junior to the Comerica Debt, the existing Medis mortgage of $350,000 and the Vermont (VEDA) loan of $450,000, and senior to future non-bank indebtedness.

  • Except for the Liens securing ClearCommerce's indebtedness to Comerica Bank (the "Comerica Debt") pursuant to that certain Loan and Security Agreement by and between Imperial Bank and Sellers dated September 18, 2000, as amended, and the Forbearance Agreement by and between ClearCommerce and Comerica Bank, successor in interest to Imperial Bank, dated as of November 21, 2001, as amended, there are no other Liens on the Assets other than Permitted Liens.

  • Other than the Comerica Debt, no Seller has any obligation or liability, whether absolute or contingent, in respect of any money borrowed.

  • Without the prior written consent of the Lender, no Credit Party will agree to (a) any material amendment to or waiver of any material contract constituting a part of the Collateral which could reasonably be expected to have a Material Adverse Effect or (b) any amendment, supplement, modification or waiver of any of the Comerica Debt Documents except as permitted under the Comerica Subordination Agreement.

  • The purchase price (the "Purchase Price") to be paid for the Purchased Assets shall be equal to an amount necessary to assume or satisfy Seller's debt to Comerica Bank (hereinafter, the "Comerica Debt") plus $3,000,000, subject to reductions as provided for in Section 3.6.

  • As of the date hereof, the Series B-2 Preferred Partner has contributed the Transferred Membership Interests, with a net agreed upon value of [$15,000,000], to the Partnership in exchange for the assumption of the Comerica Debt and the Morse Debt (as such terms are defined in the Contribution Agreement) xxx the issuance to the Series B-2 Preferred Partner of 100,000 Series B-2 Preferred Units.

  • Prior to or contemporaneously with the Closing and in accordance with Section 4.3(c)(iii) above, HPG and the Subsidiaries shall pay off and discharge, and the Selling Shareholders shall cause HPG and the Subsidiaries to pay off and discharge, (i) all of their respective liabilities and obligations which are treated as interest-bearing debt on the Financial Statements of HPG (including the Comerica Debt), and (ii) all obligations of HPG and the Subsidiaries to the Selling Shareholders, Ernexx X.

  • Advances of the Revolving Credit (including Swing Line Advances) shall be available to refinance the existing $41,728,273.74 of debt of Borrowers outstanding under the Comerica Debt, for working capital support and other general corporate purposes of Borrowers and their Subsidiaries, to finance Development Agreements and to finance Permitted Acquisitions.


More Definitions of Comerica Debt

Comerica Debt means the indebtedness owing pursuant to that certain Amended and Restated Loan and Security Agreement dated as of November 16, 2005 among Borrowers and Comerica Bank, as amended.
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Comerica Debt means all of the Company’s present and future indebtedness, claims, debts, liabilities or other obligations owing to Comerica Bank or its successors and assigns.
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Comerica Debt means any Liability, cost or expense owed by any of the OP Entities as of the Closing Date under any of the following agreements: (a) Promissory Note dated November 30, 2000 and maturing May 30, 2006 between Imperial Bank (now known as Comerica Bank) as lender and MY-OP (NY) LLC and the Company as co-borrowers, (b) Amended and Restated Credit Agreement dated as of September 1, 2000 between Xxxxxx Xxxxxxx, Inc. and Imperial Bank (now known as Comerica Bank), (c) Commercial Security Agreement dated November 30, 2000 between MY-OP (NY) LLC as Grantor and Imperial Bank (now known as Comerica Bank) as Lender, or (d) Loan and Security Agreement (Accounts and Inventory) dated July 15, 2005 and terminating July 31, 2006 between Comerica Bank as secured party and the Company and MT as borrower.
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Related to Comerica Debt

  • Second Lien Notes Documents means the Second Lien Notes, the Second Lien Notes Indenture, the Second Lien Notes Security Documents and all other documents executed and delivered with respect to the Second Lien Notes or Second Lien Notes Indenture, as in effect on the Effective Date and as the same may be amended, modified and/or supplemented from time to time in accordance with the terms hereof and thereof.

  • 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.

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” under and as defined in the Second Lien Credit Agreement, as each such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • Senior Unsecured Debt means the Indebtedness represented by the Senior Unsecured Notes (including the Note Guarantees, Exchange Notes (each as defined in the Senior Unsecured Debt Documents), guarantees of Exchange Notes and any replacement Exchange Notes).

  • Securitization Indebtedness means (i) Indebtedness of the Company or any of its Restricted Subsidiaries incurred pursuant to on-balance sheet Securitizations treated as financings and (ii) any Indebtedness consisting of advances made to the Company or any of its Restricted Subsidiaries based upon securities issued by a Securitization Entity pursuant to a Securitization and acquired or retained by the Company or any of its Restricted Subsidiaries.

  • Second Lien Note Documents means the Second Lien Note Indenture, the Second Lien Notes, the Second Lien Security Documents and each other document, instrument or agreement relating to the issuance of the Second Lien Notes, as the same may be amended, restated, supplemented, waived and/or otherwise modified from time to time in accordance with the terms thereof, of this Agreement and of the Intercreditor Agreement.

  • Capital Markets Indebtedness means any Indebtedness consisting of bonds, debentures, notes or other similar debt securities issued in (a) a public offering registered under the Securities Act, (b) a private placement to institutional investors that is resold in accordance with Rule 144A or Regulation S under the Securities Act, whether or not it includes registration rights entitling the holders of such debt securities to registration thereof with the SEC or (c) a private placement to institutional investors. For the avoidance of doubt, the term “Capital Markets Indebtedness” does not include any Indebtedness under the Credit Agreement, Indebtedness incurred in connection with a sale and leaseback transaction, Indebtedness incurred in the ordinary course of business of the Company, Capital Lease Obligations or recourse transfer of any financial asset or any other type of Indebtedness incurred in a manner not customarily viewed as a “securities offering.”

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

  • Credit Facility Documents means the collective reference to any Credit Facility, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Consolidated First Lien Secured Debt means Consolidated Total Debt as of such date that is not Subordinated Indebtedness and is secured by a Lien on all of the Collateral that ranks on an equal priority basis (but without regard to the control of remedies) with Liens on all of the Collateral securing the Obligations.

  • Senior Unsecured Indebtedness means Indebtedness that is not subordinated to any other Indebtedness and is not secured or supported by a guarantee, letter of credit or other form of credit enhancement.

  • 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:

  • Bridge Loan Documents means the “Loan Documents” as defined in the Bridge Credit Agreement.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • Subordinated Loan Documents means at any time the agreements and other documents then governing the Subordinated Indebtedness.

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

  • Subordinated Indebtedness Documents means any document, agreement or instrument evidencing any Subordinated Indebtedness or entered into in connection with any Subordinated Indebtedness.

  • Credit Agreement Refinancing Indebtedness means (a) Permitted First Priority Refinancing Debt, (b) Permitted Junior Lien Refinancing Debt, (c) Permitted Unsecured Refinancing Debt or (d) Indebtedness incurred or Other Revolving Commitments obtained pursuant to a Refinancing Amendment, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace or refinance, in whole or part, existing Term Loans, outstanding Revolving Loans or (in the case of Other Revolving Commitments obtained pursuant to a Refinancing Amendment) Revolving Commitments, outstanding loans under any Incremental Revolving Facility or undrawn commitments under any Incremental Revolving Facility (“Refinanced Debt”); provided that (i) such extending, renewing, replacing or refinancing Indebtedness (including, if such Indebtedness includes any Other Revolving Commitments, the unused portion of such Other Revolving Commitments) is in an original aggregate principal amount not greater than the sum of the aggregate principal amount of the Refinanced Debt (and, in the case of Refinanced Debt consisting, in whole or in part, of unused commitments under any Incremental Revolving Facility or Other Revolving Commitments, the amount thereof) plus all accrued and unpaid interest and fees thereon and expenses incurred in connection with such extension, renewal, replacement or refinancing, (ii) such Indebtedness has a maturity that is equal to or later than and, except in the case of Other Revolving Commitments, a Weighted Average Life to Maturity equal to or greater than the Refinanced Debt, and (iii) such Refinanced Debt shall be repaid, defeased or satisfied and discharged, and all accrued interest, fees and premiums (if any) in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained; provided that to the extent that such Refinanced Debt consists, in whole or in part, of commitments under any Incremental Revolving Facility or Other Revolving Commitments (or loans incurred pursuant to any Incremental Revolving Facility or Other Revolving Loans), such commitments shall be terminated, and all accrued fees in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained.

  • 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.

  • Credit Facility Indebtedness means any and all amounts, whether outstanding on the Issue Date or thereafter Incurred, payable under or in respect of any Credit Facility, including without limitation principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Company or any Restricted Subsidiary whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees, other monetary obligations of any nature and all other amounts payable thereunder or in respect thereof.

  • Subordinated Debt Documents means any documents evidencing and/or securing Debt governed by a Subordination Agreement, all of which documents must be in form and substance acceptable to Agent in its sole discretion. As of the Closing Date, there are no Subordinated Debt Documents.

  • Secured Debt Documents means the Parity Lien Documents and the Priority Lien Documents.

  • 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.

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Permitted First Priority Refinancing Debt means any secured Indebtedness incurred by the Borrower in the form of one or more series of senior secured notes or senior secured loans; provided that (i) such Indebtedness is secured by the Collateral on a pari passu basis with the Obligations and is not secured by any property or assets of Holdings and its Subsidiaries other than the Collateral, (ii) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness in respect of Term Loans, (iii) such Indebtedness does not mature prior to the Maturity Date of the Refinanced Debt and such Indebtedness shall have a Weighted Average Life to Maturity that is not shorter than the Refinanced Debt, (iv) to the extent applicable, the security agreements relating to such Indebtedness are substantially the same as the Security Documents (with such differences as are reasonably satisfactory to the Administrative Agent), (v) no Restricted Subsidiary guarantees such Indebtedness unless it is a Subsidiary Guarantor (or becomes a Subsidiary Guarantor substantially concurrently with the incurrence of such Indebtedness); provided that, if, at any time, such Restricted Subsidiary ceases to be a Guarantor, it shall not guarantee such Indebtedness, (vi) the other terms and conditions of such Indebtedness (excluding pricing, fees, rate floors, premiums, optional prepayment or optional redemption provisions) reflect market terms and conditions at the time of incurrence and issuance; provided, that, to the extent such terms and documentation are not substantially identical to the Indebtedness being refinanced, (x) such terms (taken as a whole) shall be less favorable to the providers of such Permitted First Priority Refinancing Debt than those applicable to the Indebtedness being refinanced, except, in each case, for financial or other covenants or other provisions contained in such Indebtedness that are applicable only after the then Latest Maturity Date, or (y) such documentation shall be reasonably acceptable to the Administrative Agent and (vii) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party to a Pari Passu Intercreditor Agreement and the Administrative Agent shall have become a party to the Pari Passu Intercreditor Agreement (or any then-existing Pari Passu Intercreditor Agreement shall have been amended or replaced in a manner reasonably acceptable to the Administrative Agent, which results in such Senior Representative having rights to share in the Collateral as provided in clause (i) above). Permitted First Priority Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

  • Senior Bank Debt means all Obligations outstanding under or in connection with the Credit Agreement (including Guarantees of such Obligations by Subsidiaries of the Company).