Company Debts definition

Company Debts means: (i) all obligations of the Company and its Subsidiaries for borrowed money; (ii) all obligations of the Company and its Subsidiaries evidenced by bonds, debentures, notes or similar instruments and granted to arm’s length third parties; and (iii) all guarantees of obligations in the nature of those items specified in (i) and (ii) given by the Company and its Subsidiaries to arm’s length third parties.
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Examples of Company Debts in a sentence

  • The Buyer acknowledges that prior to Completion, the Seller will procure that any Inter Company Debt owing to or by the Company is satisfied or otherwise extinguished, including but not limited to those Inter Company Debts listed in schedule 12.

  • The parties agree that as soon as practicable after Completion, they will take such steps as necessary to procure that any Inter Company Debt owing to or by the Company is extinguished, including but not limited to those Inter Company Debts listed in schedule 12.

  • The consideration involved in the Acquisitions includes the Share Transfer Consideration and the Loan Consideration, and the Group also agreed to procure and ensure the Project Company to repay the Project Company Debts within 30 days after completion.

  • The Company needs to raise additional working capital immediately (in addition to the exchanges contemplated with the other holders of Company Debts), or it might be forced to seek protection from creditors in court.

  • If the Issuer or any applicable Guarantor does not join in such appointment within fifteen days after the receipt by it of a request so to do, or if an Event of Default shall have occurred and be continuing, the Trustee alone shall have power to make such appointment.

  • Buyer and Able Telcom shall diligently seek and procure within a reasonable time releases of all Seller Guarantees or otherwise shall cause Company Debts with respect to which there are Seller Guarantees to be paid within a reasonable time.

  • Clause 5.3 of the Shares Agreements specified above is deleted and replaced by the following clause: "The parties agree that as soon as practicable after Completion, they will take such steps as necessary to procure that any Inter Company Debt owing to or by the Company is extinguished including but not limited to those Inter Company Debts listed in schedule 12.

  • The Buyer Parties shall have received from the Company the Estimated Net Working Capital Statement, the Closing Shareholdings Certificate, the Certificate of Company Transaction Expenses and Company Debts, the Withholding Tax Certificate, and the Closing Payment Spreadsheet.

  • Except as set forth above, there are no Voting Company Debts, Company Warrants or Company SARs issued or outstanding and the only rights outstanding under any Company Option Plan are Company Employee Stock Options.

  • The parties agree that as soon as practicable after Completion, they will take such steps as necessary to procure that any Inter Company Debt owing to or by the Company is extinguished including but not limited to those Inter Company Debts listed in schedule 12.

Related to Company Debts

  • Company Debt shall have the meaning set forth in Section 6.12.

  • Intercompany Debt has the meaning specified in Section 7.02(d).

  • Parent Liabilities shall have the meaning set forth in Section 2.3(b).

  • Current Liabilities are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.

  • Stated Liabilities means the recorded liabilities (including contingent liabilities that would be recorded in accordance with GAAP) of the Borrower and its Subsidiaries taken as a whole, as of the date hereof after giving effect to the consummation of the Transactions, determined in accordance with GAAP consistently applied.