Covered Indebtedness as defined in Section 11.1(i).
Covered Indebtedness means Indebtedness of the types described in subclauses (1) (a), (b) and (c) of the definition of “Indebtedness”, and (2) to the extent relating to Indebtedness described in subclauses (a), (b) or (c), subclauses (i) , (j) and (k) of the definition of “Indebtedness.”
Covered Indebtedness means, at any time, the Outstanding Amount of (a) all Credit Extensions under this Agreement, (b) any Permitted Additional First Lien Debt, (c) any Permitted First Lien Non-Loan Exposure and (d) any DOE Pari Passu Amount.
Examples of Covered Indebtedness in a sentence
Securities): $ 0 Covered Debt Amount $ 0 (+) Revolving Credit Exposures $ 0 (+) Other Covered Indebtedness $ 0 (-) LC Exposures (fully Cash Collateralized $ 0 Adjusted Covered Debt Balance (Covered Debt less Cash, Cash Equivalents and Short Term Govt.
In the event that the Corporation shall not have funds legally available for, or is otherwise prohibited by either (A) the DGCL or any other applicable law, or (B) the terms of any Covered Indebtedness to pay any amounts under this paragraph, the obligation to pay such amounts shall be carried forward and fulfilled when such funds are legally available and the Corporation is permitted to do so under the DGCL and any other applicable law and the terms of any Covered Indebtedness.
The Company shall deliver such prepayment or termination notices as are required under the terms of all applicable Covered Indebtedness described in clause (a) or clause (c) of the definition thereof to enable the repayment and termination thereof on the Closing Date, conditioned upon the consummation of the Closing and/or the other transactions hereunder.
More Definitions of Covered Indebtedness
Covered Indebtedness of a person means (a) any liability of such person (i) for borrowed money, or under any reimbursement obligation related to a letter of credit or bid or performance bond facility, or (ii) evidenced by a bond, note, debenture or other evidence of indebtedness (including a purchase money obligation) representing extensions of credit or given in connection with the acquisition of any business, property, service or asset of any kind, including without limitation, any liability under any commodity, interest rate or currency exchange hedge or swap agreement (other than a trade payable, other current liability arising in the ordinary course of business or commodity, interest rate or currency exchange hedge or swap agreement arising in the ordinary course of business) or (iii) for obligations with respect to (A) an operating lease, or (B) a lease of real or personal property that is or would be classified and accounted for as a Covered Capital Lease; (b) any liability of others either for any lease, dividend or letter of credit, or for any obligation described in the preceding clause (a) that (i) the person has guaranteed or that is otherwise its legal liability (whether contingent or otherwise or direct or indirect, but excluding endorsements or negotiable instruments for deposit or collection in the ordinary course of business) or (ii) is secured by any Lien on any property or asset owned or held by that person, regardless whether the obligation secured thereby shall have been assumed by or is a personal liability of that person; and (c) any amendment, supplement, modification, deferral, renewal, extension or refunding of any liability of the types referred to in clauses (a) and (b) above.; provided that, notwithstanding the foregoing, “ Covered Indebtedness” shall not include any liabilities or obligations that do not constitute “ Covered Indebtedness” for purposes for the 25% of Total Tangible Assets test described in the definition of TTA Test Debt Agreements under all of the TTA Test Debt Agreements.
Covered Indebtedness means the Credit Agreements and the Motorola Distributor Documents.
Covered Indebtedness means all Indebtedness for borrowed money incurred by the Company or any of the Subsidiaries (whether or not such Indebtedness is secured by mortgages or other security interests on any of the Properties), together with any preferred equity issued by the Company after the
Covered Indebtedness means (a) Indebtedness under the NFP Corp. Credit Agreement and the Aircraft Loan Agreement, (b) Indebtedness under the NFP Corp. Indentures and (c) the Interim Period Indebtedness (if any).
Covered Indebtedness of a person means (a) any liability of such person (i) for borrowed money, or under any reimbursement obligation related to a letter of credit or bid or performance bond facility, or (ii) evidenced by a bond, note, debenture or other evidence of indebtedness (including a purchase money obligation) representing extensions of credit or given in connection with the acquisition of any business, property, service or asset of any kind, including without limitation, any liability under any commodity, interest rate or currency exchange hedge or swap agreement (other than a trade payable, other current liability arising in the ordinary course of business or commodity, interest rate or currency exchange hedge or swap agreement arising in the ordinary course of business) or (iii) for obligations with respect to (A) an operating lease, or (B) a lease of real or personal property that is or would be classified and accounted for as a Covered Capital Lease; (b) any liability of others either for any lease, dividend or letter of credit, or for any obligation described in the preceding clause (a) that (i) the person has guaranteed or that is otherwise its legal liability (whether contingent or otherwise or direct or indirect, but excluding endorsements or negotiable instruments for deposit or collection in the ordinary course of business) or (ii) is secured by any Lien on any property or asset owned or held by that person, regardless whether the obligation secured thereby shall have been assumed by or is a personal liability of that person; and (c) any amendment, supplement, modification, deferral, renewal, extension or refunding of any liability of the types referred to in clauses (a) and (b) above.
Covered Indebtedness means Indebtedness (a) for borrowed money of any Purchased Company, including Indebtedness arising under the Cerberus Credit Agreement, (b) that is guaranteed by any Purchased Company, or (c) that is secured by an Encumbrance on any Capital Stock, other Securities, assets or properties of any Purchased Company.
Covered Indebtedness is as defined in clause (2) of the first sentence of the definition of “Net Short Holder.” “Credit Facilities” means one or more of (i) the Senior Cash Flow Facility, (ii) the Senior ABL Facility, (iii) the Senior Term Loan Facility and (iv) any other facilities or arrangements designated by the Company, in each case with one or more banks or other lenders or institutions providing for revolving credit loans, term loans, receivables, inventory or real estate financings (including, without limitation, through the sale of receivables, inventory, real estate and/or other assets to such institutions or to special purpose entities formed to borrow from such institutions against such receivables, inventory, real estate and/or other assets or the creation of any Liens in respect of such receivables, inventory, real estate and/or other assets in favor of such institutions), letters of credit or other Indebtedness, in each case, including all agreements, instruments and documents executed and delivered pursuant to or in connection with any of the foregoing, including but not limited to any notes and letters of credit issued pursuant thereto and any guarantee and collateral agreement, patent, trademark and copyright security agreement, mortgages or letter of credit applications and other guarantees, pledge agreements, security agreements and collateral documents, in each case as the same may be amended, supplemented, waived or otherwise modified from time to time, or refunded, refinanced, restructured, replaced, renewed, repaid, increased, decreased or extended from time to time (whether in whole or in part, whether with the original banks, lenders or institutions or other banks, lenders or institutions or otherwise, and whether provided under any original Credit Facility or one or more other credit agreements, indentures, financing agreements or other Credit Facilities or otherwise). Without limiting the generality of the foregoing, the term “Credit Facility” shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries as additional borrowers or guarantors thereunder, (iii) increasing or decreasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof. “Credit Facility Indebtedness” means any and all amounts, whether outstanding on the Issue Date or thereafter Incurred, payable under or in res...